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Shipping Glossary
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Shipping Glossary
InducementPlacing a port on a vessel’s itinerary because the volume of cargo offered by that port justifies the cost of routing the vessel |
INFINDIA FEEDER ADDITIONAL |
Inland CarrierA transportation line that hauls export or import traffic between ports and inland points |
Inland Point Intermodal (IPI)Refers to inland points (non-ports) that can be served by carriers on a through bill of lading |
INMARSATInternational Maritime Satelite Organization |
INPINCENTIVE PROGRAM REBATE |
INSINSURANCE PREMIUM |
Inspection CertificateA certificate issued by an independent agent or firm attesting to the quality and/or quantity of the merchandise being shipped. Such a certificate is usually required in a letter of credit for commodity shipments |
Installment ShipmentsSuccessive shipments are permitted under letters of credit. Usually they must take place within a given period of time |
Insulated ContainerA container insulated on the walls, roof, floor and doors, to reduce the effect of external temperatures on the cargo |
