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.

The combination of a life assurance policy and an annuity on the same life the purpose of which.

International Association of Maritime Institutes

Group of Seven Nations (United States, Canada, Japan, Britain, France, Germany, and Italy)

A pleasure vessel, a pleasure boat; in American usage the idea of size and luxury is conveyed, either sail or power.

International Maritime Dangerous Goods Code. The regulations published by the IMO for transporting hazardous materials internationally.

Clause in a voyage charter party which relieve the charterer of all responsibility one the cargo has been shipped.

Upper Flammable Limit

Quality Coordinator.

An index representing the cost of time chartering a tanker for a specific voyage at a given time. The index is given at Worldscale 100, which represents the price in dollars per ton for carrying the oil at that rate. The negotiated rate will be some perce ...

Institute Warrant Limits

United Kingdom Mutual

Free In Out and Spout-Trimmed.

Federal Aviation Administration.

Research And Development

Exploration and Production.

IADC International Association of Dredging (also Diving) Contractors

[meaning]

Passenger/Training ship.

Pushing and Towing Purposes.