I.A.T.A.: International Air Transport Association. The trade and service organization for airlines of more than 100 countries serving international routes.
I.C.C.: Interstate Commerce Commission. A federal agency formed to administer the Interstate Commerce Act to ensure fair competition.
IDENTICAL MERCHANDISE: Merchandise identical in all aspects to, and produced in the same country and by the same person as the merchandise currently being appraised. (19ZCFR152.102)
IMMEDIATE DELIVERY: A procedure allowing more rapid release to importers of imports arriving into the United States each year. Under the immediate delivery program, an importer can take delivery almost immediately of virtually all of the incoming shipments.
IMMEDIATE TRANSPORT. ENTRY: A Customs form declaring goods for transportation by a bonded carrier from a port of entry to a bonded warehouse at an inland port.
IMPORT BROKER: For a fee, the "broker" or "agent" will locate vendors and handle the required paperwork. Title passes directly to the buying organization.
IMPORT LICENSE: A document required and issued by some national governments authorizing the importation of goods into their individual countries.
IMPORT MERCHANT: A merchant who buys overseas for his own account for the purpose of later resale, handling all details if import documentation and transportation.
IMPORT QUOTA: A fixed amount of goods that a government will allow to be imported within a specified period of time. An amount that usually reflects balance of trade and other political and economic considerations.
IMPORT RATE: A rate established specifically for application on import traffic and generally less, when published, than a domestic rate.
IMPORTED DIRECTLY: The direct shipment of goods from a designated country to the U.S. without passing through the territory of any nom-member country.
IMPORTER: The person primarily liable for the payment of duties on imported merchandise, or an authorized agent working on his behalf. (19CFR101.1)
IMPROVED IN CONDITION: Generally, a substantial transformation in a product other than a change incidental to an operation of assembly or other incidental action, including cleaning, lubricating, or painting, but does include any substantial advancement in the product.
IN APPARENT GOOD ORDER: A shipment not showing any visible loss or damage.
IN-AND-OUT COSTS: The total labor costs associated with receiving, moving to storage, retrieving, preparing for shipping, and loading merchandise.
IN-BOND: The transfer of materials that are to be forwarded "in-bond" from the importing carrier at the port of entry to the on-forwarding carrier. (19CFR18.2)
INBOUND LOGISTICS: The portion of the logistics operations that involves the movement of materials and products into a company's production processes or storage facilities.
INCIDENTAL DAMAGES: Damages other than the physical loss or damage to goods. These include overhead, lost cash opportunity, employee time, and filing costs that are generally not recouped in the claims process.
INDENT: A requisition for goods enumerating conditions of sale.
INDEPENDENT CARRIER: An individual who si the owner and operator of his own trucking equipment and provides transportation services to others.
INDIRECT EXPORTING: Sale by the exporter to the buyer through a domestically located intermediary.
INFORMAL ENTRY: A simplified import entry procedure accepted at the option of Customs for any noncommercial shipment and any commercial shipment not over $1,250 in value.
INHERENT NATURE OF THE GOODS: A freight claim term indicating that the goods have a potential risk of deteriorating while en-route.
INLAND CARRIER: A transportation line which hauls export or import traffic between two ports and inland points.
INTERCITY FREIGHT: Merchandise which is transported from one city to another.
INTERLINE FREIGHT: Merchandise which is transported by two or more carriers.
INTERMODEL COMPATIBILITY: The capability which enables a shipment to be transferred from one form of transport to another.
INTERSTATE COMMERCE: The transportation of merchandise across state lines. Regulatory matters fall under the jurisdiction of the federal government through the Interstate Commerce Commission.
IN-TRANSIT STORAGE: A warehouse to store merchandise while in transit to the final destination.
INSTRUMENTS OF INTER. TRAFFIC: An article of transport equipment, such as lift-van, movable tank and normal accessories and equipment, or similar structures of a permanent character and accordingly strong enough to be suitable for repeated use.
INVOICE: A commercial document in a form consistent with the trade identifying both buyer and seller, reflecting the price actually paid or payable, the terms of sale, the currency used for payment, the articles sold, and other specific information required to substantiate the statistical reporting requirements and to arrive at the transaction value of the product for duty assessment purposes. (19CFR141.83)
I.R.R.: Internal rate of return.