GLOSSARY OF TERMS
High Value Inventory
Inventory listing by customer of items with high value. Used to assist packers and carrier in determining special needs to protect items.
Household Goods
Personal Effects and/or property, used or to be used in a dwelling.
Household Goods Descriptive Inventory
List of goods/items in a shipment noting identifying factors, descriptions and notations of condition.
I.T.
Immediate transportation, refers to an I.T. Entry (U.S. Customs). Allows the cargo to move beyond the entry point in bond for customs clearance at another customs point.
In Bond
A term applied to the status of merchandise admitted provisionally to a country without clearing customs - either for storage in a bonded warehouse or for trans-shipment to another point where customs clearance will take place.
Inducement Port
Port called by steamship company only if it has enough freight to warrant stop.
Inherent Vice
A condition causing damage to merchandise as a result of its own inherent defects.
Inland Carrier
A transportation line which hauls traffic between ports and inland points.
Interchange point
Terminal where freight is transferred from one transporation line to another.
Inter-Line Freight
Freight moving over the lines of more than one carrier.
Intermodal
Involving more than one means of transportation: ocean, truck, air, rail, etc.
International Air Transport Association (IATA)
Is an international industry trade group of airlines. The main objective of the organization is to assist airline companies to achieve lawful competition and uniformity in prices.
Interstate Shipments
Shipments moving across state lines or passing through several states.
Intrastate Shipments
Shipments moving within one particular state; does not cross state lines.
Inventory
List of goods/items in a shipment noting identifying factors, descriptions and notations of condition.
Land-Bridge
Service on a thru bill of lading where part of the move is by rail/truck, part by water.
Less than Container Load (LCL)
Refers to cargo packed in liftvans which does not fill up a steamship container.
Less than Trailer Load (LTL)
Refers to cargo packed in liftvans which does not fill up a trailer load.
Letter of Credit
A letter of agreement issued by a bank stating a foreign purchaser has established a line of credit in a sellers favor and confirming that payment for goods sold will be made upon presentation of certain documents, provided that all documents agree with provisions of the letter of credit. Letters of credit can be changed if both purchaser and seller agree, and cable the bank.
Liftvans
A large wooden crate suitable for forklifting. A standard liftvan is 7'long,4' wide and 7' high.
Linehaul
The transportation costs (excluding accessorials) for the movement of freight between origin and destination.
Long Carry
Distance for carrying goods from the truck/van to the entrance of the home. Door to Door quotations include 75' distance. For each 50' thereafter an additional charge incurs.
Long Ton
Equal to 2240 pounds. Also called a Gross ton.
Longshoreman
Individual employed to load and unload ships.
Manifest
Document that lists contents of a vehicle, ship, container, railroad car, airplane, etc.
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