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| I.C.T.F. |
Intermodal Container Transfer Facility,
an on-dock facility for moving containers from ship
to rail or truck. |
| I.p.a. |
Including particular average. |
| IATA |
International Air Transport Association. |
| ICAO |
International Civil Aviation Organization.
A specialized agency of the United Nations, with headquarters
in Montreal. Its task is to promote general development
of civil aviation (e.g. aircraft design and operation,
safety procedures, contractual agreements). |
| ICC |
International Chamber of Commerce. |
| IFF |
Institute of Freight Forwarders. |
| Igloo |
Container designed to occupy full
main deck width of carrying aircraft. |
| Import
License |
A certificate, issued by countries
exercising import controls, that permits importation
of the articles stated in the license. The issuance
of such a permit frequently is connected with the release
of foreign exchange needed to pay for the shipment
for which the import license has been requested. |
| In-Bond |
A customs program for inland ports
that provide for cargo arriving at a seaport to be
shipped under a Customs bond to a more conveniently
located inland port where the entry documents have
been filed. Customs clears the shipment there, and
the cargo is trucked to its destination, which normally
is close to the inland port. |
| Incoterms |
A codification of terms used in
foreign trade contracts that is maintained by the International
Chamber of Commerce. |
| Incremental
Cost to Export |
The additional costs incurred while
manufacturing and preparing a product for export (
e.g., product modifications, special export packaging
and export administration costs.) This does not include
the costs to manufacture a standard domestic product,
export crating and transportation to the foreign market. |
| Independent
Action |
A move by whereby a member of a
shipping conference elect to depart from the specific
service rates set forth by the conference, giving ten
calendar days notice of such action. The conference
member's new schedule of rate, or rates, officially
takes effect no later than ten days after receipt of
notice by the conference. |
| Inducement |
Some 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 sufficient amount of profitable
cargo available and booked. |
| Inland
Carrier |
A transportation line which hauls
export or import traffic between ports and inland points. |
| Inspection
Certificate |
A document certifying that merchandise
(such as perishable goods) was in goods condition immediately
prior to shipment. |
| Integrated
Carrier |
Forwarder which uses own aircraft,
whether owned or leased, rather than scheduled airlines. |
| Intellectual
Property |
Ownership of the legal rights to
possess, use or dispose of products created by human
ingenuity, including patents, trademarks and copyrights. |
| Interline |
Mutual agreement between airlines
to link their route network. |
| Intermeddle |
Referring to the capacity to go
from ship to train to truck, or the like, the adjective
generally refers to containerized shipping or the capacity
to handle same. |
| Irrevocable
Letter of Credit |
A letter of credit with a fixed
expiration date that carries the irrevocable obligation
of the issuing bank to pay the exporter when all of
the terms and conditions of the letter of credit have
been met. |
| ISO |
International Standards Organization
also referred to as the International Organizational
for Standardization. |
