GLOSSARY

A B C D E F G H I L M N O P R S T U V W

 

I

IATA: International Air Transport Association, an entity that regulates and coordinates the air transport service internationally.

ICC: International Chamber of Commerce.

IMO (International Maritime Organization): Currently called IMCO, an intergovernmental organization in charge of promoting safety on the sea, the efficiency of navigation and to prevent sea pollution, among other things.

Import License: Document issued by the import authorities of a country, authorizing the importer to undertake his operations.

Inbound: Coming in, an arrival (ship).

Inbound Logistics: Entry logistic flow, it is the movement of materials from suppliers to production processes and storage facilities. Also called materials administration.

INCOTERMS (International Commercial Terms): Series of terms related to export and import contracts, established by the International Chamber of Commerce. Get to know the terms at the end of the list.

Inland: Transport undertaken internally in the country.

Inlet: Anchorage, that is, a place next to the port, where ships wait for authorization to moor in the wharf.

Insulated Container - Refrigerated Container: Refrigerated or chilling container, type of isolated container and equipped with a refrigeration engine, used for the transport of refrigerated or perishable cargoes.

Insurance: The contract or the risk assumed by the insurer through the payment of a premium by the insured party.

Integrated Logistics: It usually involves the withdrawal of the stock from manufacturing facilities and deposits and its distribution to consumers. The execution includes the meeting of different transport modals, systems and distribution in order to obtain the optimal solution.

Intermodal: Movement of freights using a combination of transport modes. Each transporter is responsible for its stretch of travel.

Intermodal Transport: A single service rendered by different means or vehicles. for ex. road-maritime transport.

International Trade Logistics: It includes the automation of administrative processes, significantly complex due to the need to transport commodities through national frontiers. The system includes cost calculations and the compliance with customs regulations.

ISO (International Standards Organization): International organization that establishes technical norms and standards followed internationally, such as for ex. the legal measurements of containers in world trade.

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