Freight, shipping and chartering glossary

Term Meaning
Igloo An air freight cargo container designed to fit the interior contours of a specific airplane.
In Gate The transaction or interchange that occurs at the time a container is received by a rail terminal or water port from another carrier.
Incoterms Set of international trade terms published by the International Chamber of Commerce. The dictionary contains terms on the basic conditions of supply related to the transportation process, clearance, etc.
Inland Bill of Lading A legal document required for the transportation over land. An inland bill of lading serves as both the carrier’s receipt to the shipper and the carriage contract.
Inland Carrier A transportation company that hauls export or import cargo between ports and inland points.
Inland Haulage Charges (IHC) The transportation costs incurred in transporting goods from a seaport of loading to an inland container freight station, and vice versa.
Inspection Certificate A document confirming that the goods were in good condition prior to shipment.
Insurance A system of measures aimed at full or partial compensation of losses from certain risks (consequences of natural disasters and accidents, loss of wealth and disability, etc.) by transferring their consequences from one party (insured) to another (insurer) for a certain fee.
Insurance Certificate A document is specially issued in addition to the insurance policy for customer information as a sign that the contractor has implemented all types of insurance provided for by the terms of the contract.
Intermodal transportation The use of more than one mode of transport for the transport of goods.
Invoice A document certifying the actual delivery of goods and/or the provision of services and their value.
ISF Filing This cost covers lodging in compliance with CBP’s (US Customs and Border Protection) ’10+2′ advance cargo reporting requirements.
ISPS Code The International Ship and Port Facility Code adopted by an IMO Diplomatic Conference in December 2002. Measure is designed to strengthen maritime security. (ISPS Code - Chapter XI-2 of SOLAS).
Issuing Carrier The carrier who issues the bill of lading and with whom the contract of carriage is concluded.