04 Sep

I.M.D.G. Code

International Maritime Dangerous Goods Code. The IMO recommendations for the carriage of dangerous goods by sea.

04 Sep

In-Transit Entry (I.T.)

Allows foreign merchandise arriving at one port to be transported in bond to another port, where a superseding entry is filed.

04 Sep

Import

To receive goods from a foreign country.

04 Sep

Import License

A document required and issued by some national governments authorizing the importation of goods.

04 Sep

In Bond

Cargo moving under Customs control where duty has not yet been paid.

04 Sep

Incentive Rate

A lower-than-usual tariff rate assessed because a shipper offers a greater volume than specified in the tariff. The incentive rate is assessed for that portion exceeding the normal volume.

04 Sep

INCOTERMS

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 otherwise complex...

04 Sep

Indemnity Bond

An agreement to hold a carrier harmless with regard to a liability.

04 Sep

Inducement

Placing a port on a vessel’s itinerary because the volume of cargo offered at that port justifies the cost of routing the vessel.

04 Sep

Inland Carrier

A transportation line that hauls export or import traffic between ports and inland points.

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