I

Import Duty

Levied on imported goods when they first enter the country. When a shipment of goods reaches the border, the owner, purchaser or a Customs broker (the importer of record) must file entry documents at the port of entry and pay the estimated duties to Customs.

Incoterms ? International Commercial Terms

Freight incoterms (International Commercial Terms) are the standard terms used in sales contracts for importing and exporting. They spell out when responsibility for the goods transfers from the supplier to the buyer and also define who pays which costs for the goods and their transport.

Inland Haulage Charges

Transportation costs incurred when moving freight from a seaport to an inland container freight station, and vice versa.

Intended Returns

Shipments received by the customer and intended to be returned.

Inspection Certificate

Document used to signify that shipped goods have been inspected in order to certify that they conform with the terms stated on the sales contract. Not required for all goods.

Intermodal Shipping

Transportation by more than one form of carrier during a single journey, for example, a truck picking up a container from a warehouse, driving it to a railyard where it is loaded on a train for delivery.

International Courier Express

Most popular companies providing this service; UPS, FedEx, and DHL. For forwarders and carriers, these are the leaders in Express Freight. Most shippers (consignees and consignors) would refer to these companies as being international couriers.

International Mail Processing Center

Mail terminal responsible for processing and overseeing cross-border postal items.

IOR ? Importer of Record

Term used in customs law, referring to an importer (entities and/or individuals), who are responsible to ensure that goods are imported in accordance with local laws. The IOR who can be the principal, broker or forwarder is also responsible for filing all legally required documents.

Invoice

A list of goods sent or services provided alongside a statement of the due payment.

ISF ? Importer Security Filing

Document includes importing information from each point in the transit process.