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Shipping Glossary
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COMMON SHIPPING TERMS
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IATA
  International Air Transport Association.
   
ICAO
  (International Civil Aviation Organization) - A specialized agency of the United Nations headquartered in Montreal . It promotes general development of civil aviation such as aircraft design and operation, safety procedures, and contractual agreements.
   
ICC (International Chamber of Commerce)
  A non-governmental organization serving as a policy advocate on world business.
   
Idle Time
  The amount of ineffective time whereby the available resources are not used e.g. a container in a yard.
   
IGLOO
  A contoured structural container designed for use in main-deck carriage on narrow body aircraft.
   
Import License
  A certificate issued by countries exercising import controls that permits importation of the articles stated in the license and often authorizes and/or releases the funds in payment of the importation.
   
Indument
  When steamship lines publish in their schedules the name of a port and the words "by inducement" in parentheses, this means the vessel will call at the port if there is a sufficient amount of profitable cargo available and booked.
   
Inland Carrier
  A transportation line which hauls export or import cargo between ports and inland points.
   
Inspection Certificate
  A document certifying that merchandise was in good condition, or in accordance with certain specifications immediately prior to shipment.
   
Integrated Carrier
  A forwarder that uses its own aircraft, whether owned or leased, rather than scheduled airlines.
   
Interline
  A mutual agreement between airlines to link their route network.
   
Intermodal
  This refers to the capacity to go from ship to train to truck or the like. The term generally refers to containerized shipping or the capacity to handle containers across different modes of transport.
   
In Transit
  The status of goods or persons between the outwards customs clearance and inwards customs clearance.
   
Inco Terms
  Trade terms in coded form as established by the International Chamber of Commerce in 1953, whereafter they have been regularly updated. (Last update 2000). The terms represent a set of international rules for the interpretation of the principal terms of delivery used in trade contracts.
   
Inland Waterways Bill of Lading
  Transport document made out to a named person, to order or to bearer, signed by the carrier and handed to the sender after receipt of the goods.
   
Insurance
  A system of protection against loss under which a party agrees to pay a certain sum (premiums) for a guarantee that they will be compensated under certain conditions for loss or damage.
   
Insurance Certificate
  Proof of an insurance contract.
   
Insurance Company
  The party covering the risks of the issued goods and/or services that are insured.
   
Intermodal Transport
  The movement of goods (containers) in one and the same loading unit or vehicle which uses successively several modes of transport without handling of the goods themselves in changing modes.
   
International Air Transport Association
  Abbreviation: IATA
  An international organisation of airlines, founded in 1945, with the aim of promoting the commercial air traffic. Parties should achieve this by co-operation between the parties concerned and by performance of certain rules, procedures and tariffs, regarding both cargo and passengers.
   
International Association of Classification Societies
  Abbreviation: IACS
  An organisation in which the major classification societies, among others American Bureau of Shipping, Lloyd's Register of Shipping and Germanischer Lloyd, are joined, whose principal aim is the improvement of standards concerning safety at sea.
   
International Chamber of Shipping
  Abbreviation: ICS
  A voluntary organisation of national shipowner' associations with the objective to promote interests of its members, primarily in the technical and legal fields of shipping operations.
   
International Maritime Dangerous Goods Code
  Abbreviation: IMDG Code
  A code, representing the classification of dangerous goods as defined by the International Maritime Organisation (IMO) in compliance with international legal requirements.
   
International Maritime Organisation
  Abbreviation: IMO
  An United Nations agency concerned with safety at sea. Its work includes codes and rules relating to tonnage measurement of vessels, load lines, pollution and the carriage of dangerous goods.
  Its previous name was the Inter-Governmental Maritime Consultative Organisation (IMCO).
   
Invoice
  An account from the supplier, for goods and/or services supplied by him.
 
 
 
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