What is Non-Transferrable?
The following items will not be transferred.
All items in your inventory that are not equipped.
...
Does this mean non-equippable items or regular items. In my opinion, equipped items is no longer in you inventory but on your body. So does this mean gear like helmets, weapons, jewelry, or regular items like pets, scrolls, mats, etc?
It means that anything that isnt equipped on your char (aside from 1 pet) will not transfer ... simple eh?
When you transfer you get to keep 1 armor set, 1 weapon, 1 jewel set, whatever number of Accessories it takes to fill up your accessory slots (and all these need to be equiped to get transfered), bracelets/talismans , all non tradeable quest items plus one pet. And obviously a limited amount of adena depending your character's level