The Ingest workspace allows you to review clips before capture and transfer them to your hard disk from the camera, card, or hard disk where the source masters are stored.
You can ingest entire clips, or portions of a clip. You can provide a link to the media, copy it to a different destination, or transcode the media into an entirely different format
To ingest a clip, click the small checkbox in the lower right corner of each thumbnail. To ingest a portion of a clip, click inside the image and use the playhead to set the In and the Out as you would in any editing program. I feel this process needs more work and the overall interface can be more intuitive
I usually use Prelude to speed the review, ingest, logging, selection, and export of tapeless media. Specifically, it allows one person to review and capture all footage, build a selects reel, and INSTANTLY export it into Premiere Pro CS6, or Final Cut Pro 7, so that the editor can begin editing immediately.