Shipping Glossary
| In BondA term applied to the status of merchandise admitted provisionally to a country without payment of duties, either for storage in a bonded warehouse or for transshipment to another point, where duties eventually will be paid | 
| In GateThe transaction or interchange that occurs at the time a container is received by a rail terminal or water port from another carrier | 
| Incentive RateA lower-than usual tariff rate assessed because a shipper offers a greater volume than specified in the tariff. The incentive rate is assessed for that portion exceeding normal volume | 
| INCOTERMSInternational Rules for the Interpretation of Trade Terms | 
| INCOTERMS1The recognized abbreviation for the International Chamber of Commerce Terms of Sale. These terms were last amended, effective July 1, 1990 | 
| Indemnity BondAn agreement to hold a carrier harmless with regard to a liability | 
| Independent ActionSetting a rate within a conference tariff that is the different from the rate (s) for the same items established by other Conference members | 
| Independent TariffAny body of rate tariffs that are not part of an agreement or conference system | 
| InducementPlacing a port on a vessel’s itinerary because the volume of cargo offered by that port justifies the cost of routing the vessel | 
| INFINDIA FEEDER ADDITIONAL |