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ICC:
Interstate Commerce Commission (U.S.).
igloos:
Pallets and containers used in air transportation; the
igloo shape fits the internal wall contours of a narrow-body
airplane.
IMB:
See International
Maritime Bureau.
IMO:
See
International Maritime Organization.
Import License:
A document
issued by a carrier and by some national governments authorizing the importation
of goods into their individual countries.
Importation Point:
The
location where goods will be cleared for importation into a country.
In Bond:
Goods are held or
transported In-Bond under customs control either until import duties or other
charges are paid, or to avoid paying the duties or charges until a later date.
incentive
rate:
A rate that induces the shipper to ship heavier volumes per
shipment.
Incoterms:
International terms of sale developed by the International
Chamber of Commerce.
independent
action:
A carrier that is a rate bureau member may publish a rate that differs
from the rate the rate bureau publishes.
Information:
The data,
plus the interpretation necessary to understand it.
information
system (I/S):
Managing the flow of data in an organization in a
systematic, structured way to assist in planning, implementing, and
controlling.
inherent
advantage:
The cost and service benefits of one mode compared with other
modes.
Inland Bill of Lading:
The
carriage contract used in transport from a shipping point overland to the
exporter's international carrier location.
Inland Carrier:
An
enterprise that offers overland service to or from a point of export.
Inspection Certificate:
A
document certifying that merchandise (such as perishable goods) was in good
condition immediately prior to shipment.
Insurance:
A system of
protection against loss under which a number of parties agree to pay certain
sums (premiums) for a guarantee that they will be compensated under certain
conditions for specified loss and damage.
Insurance Certificate:
A
document issued to the consignee to certify that insurance is provided to cover
loss of or damage to the cargo while in transit.
Integrated Carrier:
An
airfreight company that offers a blend of transportation services such as air
carriage, freight forwarding, and ground handling.
interchange:
The transfer of cargo and equipment from one carrier to
another in a joint freight move.
intercoastal
carriers:
Water carriers that transport freight between East and West Coast ports,
usually by way of the Panama Canal.
intercorporate hauling:
A private carrier hauling a subsidiary's goods
and charging the subsidiary a fee; this is legal if the subsidiary is wholly
owned or if the private carrier has common carrier authority.
interline:
Two or more motor carriers working together to haul a
shipment to a destination. Carriers may interchange equipment but usually they
rehandle the shipment without transferring the equipment.
Intermediate Destination:
A stopping point for a shipment prior to the final destination.
intermittent-flow, fixed-path equipment:
Materials
handling devices that include bridge cranes, monorails, and stacker
cranes.
Intermodal Container Transfer
Facility:
A facility where cargo is transferred from one mode of
transportation to another, usually from ship or truck to rail.
intermodal
marketing company (IMC):
An intermediary that sells intermodal services to
shippers.
intermodal
transportation:
The use of two or more transportation modes to transport
freight; for example, rail to ship to truck.
internal
water carriers:
Water carriers that operate over internal, navigable rivers
such as the Mississippi, Ohio, and Missouri.
International
Air Transport Association:
An international air carrier rate bureau for
passenger and freight movements.
International
Civil Aeronautics Organization:
An international agency responsible
for air safety and for standardizing air traffic control, airport design, and
safety features worldwide.
International Import
Certificate:
A document required by the importing country
indicating that the importing country recognizes that a controlled shipment is
entering their country. The importing country pledges to monitor the shipment
and prevent its re-export, except in accordance with its own export control
regulations.
International Maritime Bureau
(IMB):
A special division of the International Chamber of
Commerce.
International Maritime
Organization (IMO):
A United Nations-affiliated organization
representing all maritime countries in matters affecting maritime
transportation, including the movement of dangerous goods. The organization also
is involved in deliberations on marine environmental pollution.
interstate
commerce:
The transportation of persons or property between states; in the course
of the movement, the shipment crosses a state boundary.
Interstate
Commerce Commission (ICC):
An independent regulatory agency that
implements federal economic regulations controlling railroads, motor carriers,
pipelines, domestic water carriers, domestic surface freight forwarders, and
brokers.
Interstate
System:
The National System of Interstate and Defense Highways, 42,000 miles of
four-lane, limited-access roads connecting major population centers.
intrastate
commerce:
The transportation of persons or property
between points within a state. A shipment between two points within a state may
be interstate if the shipment had a prior or subsequent move outside of the
state and the shipper intended an interstate shipment at
inventory:
The number of units and/or value of the stock of goods a
company holds.
inventory
cost:
The cost of holding goods, usually expressed as a percentage of the
inventory value; includes the cost of capital, warehousing, taxes, insurance,
depreciation, and obsolescence.
inventory in
transit:
Inventory in a carrier's possession, being transported to the
buyer.
inventory
management:
Inventory administration through planning, stock
positioning, monitoring product age, and ensuring product
availability.
Invoice:
A detailed
statement showing goods sold or shipped and amounts for each. The invoice is
prepared by the seller and acts as the document that the buyer will use to make
payment.
irregular
route carrier:
A motor carrier that may provide service utilizing any
route.
ISO:
International
Standards Organization.
Issuing Carrier:
The
carrier whose name is printed on the bill of lading and with whom the contract
of carriage exists.
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Logistic terms
