Glossary - I
 
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ICC
(a)   Interstate Commerce Commission
The U. S. governmental body to regulate interstate trade
(b)   International Chamber of Commerce
A Paris-based international forum that aims to facilitate trade.
(c)   Institute Cargo Clauses
The institute of London Underwriters standard clauses for cargo insurance.
 
IMCO
International Maritime Consultative Organization. A forum in which most major maritime nations participate and through which recommendations for the carriage of dangerous goods, bulk commodities, and maritime regulations become internationally acceptable.
 
IMDG
International Maritime Dangerous Goods.
 
IMDG class
The IMCO classification for dangerous cargo.
 
IMDG code
International Maritime Dangerous Goods Code. The IMO recommendations for the carriage of dangerous goods by sea.
 
Import
Shipment of goods from a foreign country.
 
Import license
A document required and issued by some national governments authorizing the importation of goods into their individual countries.
 
Import permit
Usually required for items that might affect the public health, morals, animal life, vegetation, etc. Examples include foodstuffs, feedstuffs, pharmaceuticals (human and veterinary), medical equipment, seeds, plants, and various written material (including tapes, cassettes, movies, TV tapes or TV movies). In some countries an import permit is the same as an import license.
 
In transit
In transit, or in passage.
 
Inbound
(a)   Inward bound
(b)   Direction of vessel or cargo going to port of discharge or final destination.
 
Incoterms
Incoterms are a set of uniform rules codifying the interpretation of trade terms defining the rights and obligation of both buyer and seller in an international transaction, thereby enabling anotherwise complex basis for a sale contract to be accomplished in three letters.Incoterms are drafted by the Internaitional Chamber of Commerce.
 
Information System Agreement (ISA)
An organization of ocean carriers that leads the industry in establishing standards, terms and conditions for the transfer of ocean transport data. Please visit ISA's website.
 
Inland clearance depot
A CFS with Customs Clearance Facilities.
 
Inquiry (Query)
Search criteria to yield a list of search results or a report of findings.
 
Insulated container
A container insulated on the walls, roof, floor, and doors, to reduce the effect of external temperatures on the cargo.
 
Insulated tank container
The frame of a container constructed to hold one or more thermally insulated tanks for liquids.
 
Intended arrival date
The estimated vessel arrival date at last Port of Discharge specified by the customer.
 
Intended sailing date
The estimated vessel departure date at first Port of Load specified by the customer.
 
Interchange
Transfer of a container from one party to another.
 
Interchange Control Segments (ISA/IEF)
These segments identify a unique interchange being sent from one sender to one receiver (see electronic envelope).
 
Interchange points
A terminal at which freight in the course of transportation is delivered by one transportation line to another.
 
Intercoastal
Water service between two coasts; usually refers to water service between point on the Atlantic and Pacific Coasts.
 
Intermodal
(a)   Used to denote movements of cargo or container between motor, rail, or water carriers.
(b)   A bill of lading covering cargo moving via multimodal means. Also known as Combined Transport B/L, or Multimodal B/L.
 
Intermodal transport
Moving ocean freight containers by various transportation modes. The fact that the containers are of the same size and have common handling characteristics permits them to be transferred from truck to railroad, to air carrier, to ocean carrier.
 
International Maritime Organization (IMO)
IMO is a specialized agency of the United Nations that is responsible for measures to improve the safety of international shipping and to prevent marine pollution from ships. In addition, IMO is involved in legal matters, including liability, and compensation issues and the facilitation of international maritime traffic.
 
International Organization for Standardization (ISO)
ISO is a worldwide federation of national standards bodies from some 130 countries, one from each country. It is a non-governmental organization established in 1947 to promote the development of standardization facilitating the international trade. ISO''s work results in international agreements which are published as International Standards.
 
Invoiced company
This is the company that is responsible for settling the invoice charges. This is the company name that appears in the "Invoice To" block on the invoice.
 
Invoice status
This is the invoice settlement status for search purposes. The valid statues are:
(a)   Settled
(b)   Outstanding
(c)   Outstanding and credits
 
IOC
Initial Operational Capability.
 
ISO 9000 series standards
A set of five individual but related international standards on quality management and quality assurance developed to help companies effectively document the quality system elements to be implemented to maintain an efficient quality system. The standards, initially published in 1987, are not specific to any particular industry, product, or service. The standards were developed by the International Organization for Standardization (ISO). See International Organization for Standardization.
 
ISA
Interchange header identifier for ANSI X12 EDI transactions.
 
Issuing bank
The bank that has issued or opened a letter of credit. Also known as Opening Bank.
 
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