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Thursday, January 10, 2013

Shipping Terms - Letter I

Glossary
of
Maritime, Shipping and Commercial Terms,
Expressions, Abbreviations, Measuring Units, etc.
Dictionary of Shipping Terms

A B C D E F G H I J K L M N O P Q R S T U V W Y Z 

IA
Independent Action. A Carrier can take an independent action in a conference resulting in a unique rate for that Carrier within a conference (to and from the USA); ability to file a rate independently of other Carrier’s action.
ICS
Goto: International Chamber of Shipping (ICS)
IET
Inter European Transport
IHC
Inland Haulage Charge. Cost to move a container to an inland destination.
IHL
Inland Haulage
IHT
Inland Haulage Tariff
ILA
International Longshoremen’s Association. Union for dock workers on the U.S. East Coast and Gulf.
ILWU
International Longshoremen Workers Union. Union for dock workers on the U.S. West Coast.
IMDG Code
Goto : International Maritime Dangerous Goods Code.
IMO
Goto : International Maritime Organisation.
Inbound Doc.
Inbound Documentation.
Incoterms RUN PROGRAM
Trade terms in coded form as established by the International Chamber of Commerce in 1953, last updated in 1990. The terms represent a set of international rules for the interpretation of the principal terms of delivery used in trade contracts.
Indemnification
Compensation for expenses incurred as a result of suffered losses or damages.
Independent Carrier
Carrier that is not a member of a conference.
Inland Point
City with no port; landlocked city.
Interchange
Transfer of a container from one party to another.
Interchange Agreement
Contract between two steamship companies or between a steamship company and a trucker which legally permits interchange of equipment.
Intercoastal
As opposed to coastal water operations, intercoastal refers to water transport carried out between coasts (e.g. between U.S. Pacific and Atlantic coasts).
Intercontainer
A co-operative formed by 19 European Railways, for the management of international rail container traffic in Europe.
International Chamber of Shipping (ICS)
A voluntary organisation of national Shipowner's associations with the objective of promoting member interests, primarily in the technical and legal fields of shipping operations.
International Maritime Dangerous Goods Code (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 (IMO)
A United Nations agency concerned with safety at sea. Its work includes codes and rules pertaining to tonnage measurement of vessels, load lines, pollution and the carriage of hazardous goods. Previous name: Inter-Governmental Maritime Consultative Organisation (IMCO).
International Organisation for Standardisation (ISO)
A world-wide federation of national standards institutes (ISO member bodies).
Invoice
A statement from a supplier, for goods and/or services supplied by him.
IPI
Inland Points Intermodal. Inland carriage by another mode of transportation after port discharge; cargo moving to/from an inland point (synonym for micro-bridge). (Reverse IPI - same as above except cargo moves overland to another port not in the natural flow necessitating longer water transit).
IT (In Transit)
Type of Customs document governing movement of in transit (bonded) cargo.
ITC
Inland Transportation Charge.
ISO
Goto : International Organisation for Standardisation
Tags: Glossary, Dictionary, Explained, Define, Meaning, Description.
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