@Belial: You get a new icon on the right side of the screen(close inventory) clicking on that allows you to port to any waypoint you have discovered till now.
@topic: I don't know if i do it wrong but when i try to identify any unidentified item (requirement loremaster 1 & identifying glass) it just says e.g. "Scarleet is attempting to identify "unknown trousers"" but after the progressbar has expired there is no feedback what happened and the item still remains unidentified! Identifying through npc works though but hate to spend so much gold when i have the required skill and item