Terms used in shipping such International Banking Act,Interbank Offered Rate, International Accounting Unit, Ice Clause

 

Terms used in shipping such International Banking Act,Interbank Offered Rate, International Accounting Unit, Ice Clause etc.

 

 

This post explains about terms used in shipping such as Invoice value,Inland Revenue,Intaken piled fathom,International Banking Act,Interbank Offered Rate, International Accounting Unit, Ice Clause,Investment Climate Statement,Indexed Currency Option Note etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

Terms used in shipping

 

I.M.F. - International Monetary Fund

 

I.M.I.F. - International Maritime Industry Forum

 

I.M.O.:International Maritime Organization. A forum in which most major maritime nations participate and through which recommendations for the carriage of dangerous goods, bulk commodities, and maritime regulations become internationally acceptable.

Terms used in shipping such International Banking Act,Interbank Offered Rate, International Accounting Unit, Ice Clause etc

I.M.R.O. - Investment Management Regulatory Organization

 

I.M.T.A. - International Meat Trade Association

 

i.p.f. - Intaken piled fathom

 

I.P.R.C. - Institute Port Risks Clauses

 

I.R. - Inland Revenue

 

i.r.o. - In respect of

 

I.R.S. - Indian Register of Shipping

 

I.S.F. - International Shipping Federation

 

I.S.O. (International Organization for Standards):ISO is a network of the national standards institutes of 148 countries. It deals in standards of all sorts, ranging from documentation to equipment packaging and labeling.

 

I.S.O.:ISO is a worldwide federation of national standards bodies from some 130 countries, one from each country. It is a non-governmental organization established in 1947 to promote the development of standardization facilitating international trade. ISO's work results in international agreements which are published as International Standards.

 

I.T.:Abbreviation for "Immediate Transport." The document (prepared by the carrier) allows shipment to proceed from the port of entry in the U.S. to Customs clearing at the destination. The shipment clears Customs at its final destination. Also called an "In-Transit" Entry.

 

I.T.:In Transit Document (Form 7512) issued by a licensed Customs Broker which allows U.S. Customs to monitor in bond shipments moving in the U.S.

 

I.T.C. - Institute Time Clauses

 

I.T.U. - International Telecommunications Union

 

i.v. - Invoice value. Increased value

 

I.V.C. - Institute Voyage Clauses (Hulls)

 

I.Y.C. - Institute Yacht Clauses

 

I/A:Abbreviation for "Independent Action." The right of a conference member to publish a rate of tariff rule that departs from the Agreement's common rate or rule.

 

i/o - In and/or overdeck

 

IACAC - Inter-American Commercial Arbitration Commisoalition

 

IADB - Inter-American Development Bank

 

IAEA - International Atomic Energy Agency

 

IAEL - International Atomic Em

 

IAIGC - Inter-Arab Investment Guarantee Corporation

 

IAPH - International Association of Ports and Harbours

 

IARCs - International Agricultural Research Centers

 

IATA - International Air Transport Association

 

IATA Designator:Two-character Airline identification assigned by IATA in accordance with provisions of Resolution 762. It is for use in reservations, timetables, tickets, tariffs as well as air waybill .

 

IATA:International Air Transport Association ( IATA ), established in 1945, is a trade association serving airlines, passengers, shippers, travel agents, and governments. The association promotes safety, standardization in forms (baggage checks, tickets, weigh bills), and aids in establishing international airfares. IATA headquarter is in Geneva, Switzerland.

 

IAU - International Accounting Unit

 

IBA - International Banking Act

 

IBF - International Banking Facility

 

IBOR - Interbank Offered Rate

 

IBOS - International Business Opportunities Service

 

IBRD - International Bank for Reconstruction and Development

 

IC - Import Certificate, Integrated Circuit

 

IC - International Coffee Organization, International Congress Office, Islamic Conference Organization

 

ICA - International Civil Aviation Organization

 

ICA - International Cocoa Agreement, International Coffee Agreement, International Commodity Agreement

 

ICAC - International Confederation of Agricultural Credit

 

ICB - International Competitive Bidding

 

ICC (2) (INTERNATIONAL CHAMBER OF COMMERCE OR ):A non-governmental organization serving as a policy advocate on world business.

 

ICC:Abbreviation for (1) "Interstate Commerce Commission," (2) "International Chamber of Commerce."

 

ICC:Interstate Commerce Commission or International Chamber of Commerce

 

ICD (Inland Clearance Depot):Warehouse where goods are moved to an approved Customs warehouse for Clearance.

 

ICE - Istituto Nazionale per il Commercio Estero

 

Ice Clause - An ice clause is a standard clause in the chartering of ocean vessels. It dictates the course a vessel master may take if the ship is prevented from entering the loading or discharge port because of ice, or if the vessel is threatened by ice while in the port. The clause establishes rights and obligations of both vessel owner and charterer if these events occur.

 

Ice Clause - Clause in a Bill of Lading or Charter-Party that sets out the options available to the panics to the contract of carriage in The event that navigation is prevented or temporarily delayed by severe ice conditions. The wording of the clause and the options vary according to the individual contract: a master may have the right to divert the ship to the nearest safe port to discharge cargo destined for an ice-bound port. Equally, a charterer may have the option of keeping a ship waiting for ice conditions to clear on payment of demurrage.

 

ICFTU - International Confederation of Free Trade Unions

 

ICHCA - International Cargo Handling Coordination Association

 

ICON - Indexed Currency Option Note

 

ICS - Investment Climate Statement

 

ICSID - International Centre for the Settlement for Investment, Disputes

 

The above details describes about terms called in shipping such as Invoice value,Inland Revenue,Intaken piled fathom,International Banking Act,Interbank Offered Rate, International Accounting Unit, Ice Clause,Investment Climate Statement,Indexed Currency Option Note etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in shipping business below this post.Terms used in shipping such as Hub-and-Spoke, Humping, HUSBANDING,HWONT,Indicated Horse-Powe,In full,I.M.D.G. Code

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