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Acronyms




i

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).

ICB

International Container Bureau

ICC

International Chamber of Commerce

ICCH

International Commodities Clearing House

ICCO

International Cocoa Council

ICD

Inland Clearance Depot

ICHCA

International Cargo Handling Co-ordination Association

ICS

International Chamber of Shipping or Institute of Chartered Shipbrokers

ID

Import Duty

IDR

Import Duty Report, stipulates the value of an imported good and the amount to be paid as duty. Nigeria only

IFF

Institute of Freight Forwarders

Igloo

Container designed to occupy full main deck width of carrying aircraft

IMDG

International Maritime Dangerous Goods code

IMF

International Monetary Fund

IMO

International Maritime Organisation

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.

INSA

International Shipowners' Association

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.

Intermodal

Carriage of a commodity by different modes of transport, i.e. sea, road, rail and air within a single journey.

IOE

Institute of Export

IRN

Import Release Note

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.

ISF

International Shipping Federation

ISO

International Standards Organization also referred to as the International Organizational for Standardization.

NEWS
swiss opens cancun office swiss worldcargo has opened a station in cancun for exports, meaning all flights between zurich and cancun can now carry freight on both their inbound and outbound journeys. cargolux renews cargo iq for three years cargolux airlines international has renewed its cargo iq certification for the next three years. the cargo iq audit ensures that the company complies with cargo iq standards and contributes to the seamless transportation of air cargo in the supply chain. qatar bolsters south american freighter network qatar airways cargo has announced a major expansion of services in south america, with scheduled services to campinas, brazil (vcp), santiago, chile (scl), lima, peru (lim) and bogotá, colombia (bog) set to join the freighter network on 16 january 2020 and will be serviced by a boeing 777 freighter. ships stuck waiting for fuel at asia hub on rule-shift snarl ship owners are waiting longer and paying more to refuel at the asian hub of singapore as the industry scrambles to prepare for the implementation of new ship-fuel rules in just a few weeks. abu dhabi to be the centre of air cargo excellence abu dhabi airports and etihad cargo will enhance abu dhabi international airport, making it a state-of-the-art global air cargo centre of excellence. court rules in favour of atlas air and against union atlas air worldwide holdings has succeeded in its legal dispute with the pilot union, ordering them to negotiate a new deal. teleport signs interline deal with lufthansa cargo airasia’s cargo and logistics platform teleport has signed a direct interline agreement with lufthansa cargo. dubai air show: delivery bot impresses at cargo connect the effect of automation, artificial intelligence and digitalisation were the key topics at the cargo connect conference at dubai airshow 2019. china airlines cargo adds mumbai to network china airlines cargo added mumbai to its network on saturday 16 november, with two services a week. cargo.one bags etihad cargo in landmark deal etihad cargo has partnered with cargo.one to augment its digitalisation strategy in a landmark distribution agreement. maersk trials containerised battery maersk is set to trial a containerized 600 kwh marine battery system in december as it looks to improve vessel performance and reliability while reducing co2 emissions. apm gothenburg targets rail doubling apm terminals gothenburg plans to double the volume of containers transported by rail to and from gothenburg by 2022. japan joins virgin australia's cargo network virgin australia will add japan to its international cargo network in march with the launch of daily services between brisbane and tokyo-haneda. issa baluch inducted into tiaca hall of fame issa baluch has been inducted into the tiaca hall of fame, in recognition for his work across the air cargo industry. etihad launches "state of the art" cargo control centre etihad cargo has taken its data-driven digitalization journey another step forward with the launch of its state-of-the-art cargo control centre (ccc) at its head office in abu dhabi. schweizerzug ramps up euro network after successfully extending services in the first half of 2019 with additional connections between switzerland and belgium, schweizerzug ag is now increasing the frequency between frenkendorf and neuss and at the same time boosts niederglatt’s links to antwerp and rotterdam. egyptair cargo to use descartes vmail egyptair cargo will use descartes velocity mail (vmail) to streamline transporting air mail across its international network. aa cargo launches first phase of new end-to-end management system american airlines cargo recently launched the first phase of its single largest investment to-date with the roll out of a new cargo end-to-end management system on october 1st. wfs moves to sustainable plastics worldwide flight services (wfs) has claimed to be the first major air cargo industry company to begin converting the majority of plastic products used in its cargo handling operations over to the bionatur™ plastics line of sustainable products manufactured by m&g packaging. southern air appoints hactl for ramps hong kong air cargo terminals (hactl) has won the contract to provide ramp handling for kentucky (usa)-based freighter operator southern air inc.