Glossary of Shipping Terms:
" I " (page-1)
Identification
The unique data, e.g. name, number or code, determining a certain object or person.
Idle Time
The amount of ineffective time whereby the available resources are not used e.g. a container in a yard.
Ignition
Setting on fire or catching fire.
Implants
Focal points of detached personnel situated within customers premises to co-ordinate and advise on the customers logistics activity, often replacing in-house functions and resource.
Importer
In Transit
The status of goods or persons between the outwards customs clearance and inwards customs clearance.
Inco terms
Trade terms in coded form as established by the International Chamber of Commerce in 1953, whereafter they have been regularly updated. (Last update 2000).
The terms represent a set of international rules for the interpretation of the principal terms of delivery used in trade contracts.
Indemnification
Compensation for a loss and/or the expenses incurred.
Independent Demand
A demand which is unrelated to demand for other products. Demand for finished goods, parts required for destructive testing and service parts requirements are examples of independent demand.
Indirect Route
Any route other than the direct route.
Infrastructure
System of roads, waterways, airfields, ports and/or telecommunication networks in a certain area.
Inland Clearance Depot (ICD)
Inland location where cargo, particularly containerised cargo, may be cleared by customs.
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Inland Waterways Bill of Lading
Transport document made out to a named person, to order or to bearer, signed by the carrier and handed to the sender after receipt of the goods.
Insulated Container
Thermal container without the use of devices for cooling and/or heating.
Insulated Tank Container
Container frame holding one or more thermal insulated tanks for liquids.
Insurance
A system of protection against loss under which a party agrees to pay a certain sum (premiums) for a guarantee that they will be compensated under certain conditions for loss or damage.
Insurance Certificate
Proof of an insurance contract.
Insurance Company
The party covering the risks of the issued goods and/or services that are insured.
Integrated Logistics Support
The systematic approach applied to simultaneous management and acquisition of equipment and related logistics support, in order to provide the customer with a desired level of availability. Resulting in an optimum life cycle cost and to maintain this level through the entire life cycle.
Integrity
The prevention of unauthorised modification of information.
Interchange
Reciprocal exchange of e.g. information between two or more parties.
Intercoastal
As opposite to coastal water operations, intercoastal refers to water transport carried out between coasts (e.g. between Pacific and Atlantic coasts).
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