Shipping Terms I

Shipping Terms

Import is the process of delivering goods from foreign country.

Import License document authorizing importation of goods.

In Bond is cargo transportation under customs control.

INCOTERMS is international set of rules for risk and commodity transfer between seller and buyer.

Inland Carrier cargo transportation by truck, rail or other vehicle between inland point and port.

Inspection Certificate a survey issued by independent agent, certifying the quality of the goods shipped.

Insurance Standard – this insurance coverage provides partial cargo protection for certain insurance clauses and in case of vessel sink, explosion, etc are fully covered.

Insurance, All–risk this type of insuranceoffers full coverage of the transported cargo while in transit.

Intermodal - containerized cargo transportation by truck rail and vessel.

ISPS - International Ship and Port Security Code is accessorial surcharge in ocean freight.