Shipping Glossary
P & I Club
A mutual association of shipowners who provide
protection against liabilities by means of contributions.
Any physical piece of cargo in relation to transport consisting of the contents and its packing for the purpose of ease of handling by manual or mechanical means
The final product of the packing operation consisting of the packing and its contents to facilitate manual or mechanical handling
Packaging
Materials used for the containment, protection,
handling, delivery and presentation of goods and
the activities of placing and securing goods in
those materials.
Packing Instruction
Document issued within an enterprise giving instructions
on how goods are to be packed.
Packing List
Document specifying the contents of each individual
package.
Pallet
A platform on which goods can be stacked in order
to facilitate the movement by a fork lift or sling.
Panamax Size
The maximum measurements and dimensions of a vessel
capable to pass the Panama Canal.
Payload
The revenue-producing load carried by a means
of transport.
Payment Against Documents
Instructions given by a seller to a bank to the
effect that the buyer may collect the documents
necessary to obtain delivery of the goods only
upon actual payment of the invoice.
Physical Distribution
Those activities related to the flow of goods
from the end of conversion to the customer.
Pier
That part of a wharf which is intended for the
mooring of vessels.
Pilferage
Petty stealing of goods from a ship's hold, cargo shed or warehouse.
Place of Acceptance
The location where a consignment (shipment) is
received by the carrier from the shipper viz.
the place where the carrier's liability for transport
venture commences.
Place of Delivery
The location where a consignment (shipment) is
delivered to the consignee viz. the place where
the carrier's liability ends for the transport
venture.
Place of Despatch
Name and address specifying where goods are collected
or taken over by the carrier (i.e. if other than
consignor).
Place of Receipt
The location where a consignment (shipment) is
received by the carrier from the shipper viz.
the place where the carrier's liability for transport
venture commences.
Port of Call
Place where a vessel actually drops anchor or
moors during a certain voyage.
Port of Discharge
The port where the cargo is actually loaded on
board the sea (ocean) going vessel.
Precarriage
The carriage of goods (containers) by any mode
of transport from the place of receipt to the
port (place) of loading into the ocean vessel
(main means of transport).
Precarrier
The carrier by which the goods are moved prior
to the main transport.
Preshipment Inspection
Abbreviation: PSI
The checking of goods before shipment for the purpose of determining the quantity and/or quality of said goods by an independent surveyor (inspection company) for phytosanitary, sanitary and veterinary controls.
Presently there is a tendency by developing countries to use the inspection also for the purpose of determining whether the price charged for certain goods is correct.
Principal
Person for whom another acts as agent.
Pro Forma Invoice
Draft invoice sent to an importer by the exporter prior to order confirmation and shipment to assist in matters relating to obtaining import licences or foreign exchange allocations, or simply to advise the value of a consignment so that letters of credit can be opened.
Project Cargo
Quantity of goods connected to the same project and often carried on different moments and from various places.
Proof of Delivery
The receipt signed by the consignee upon delivery.
Proper Shipping Name
A name to be used to describe particular goods on all documents and notifications and, if appropriate, on the goods. basis (air cargo).
Protection and Indemnity Club
Abbreviation: P & I club
A mutual association of shipowners who provide protection against liabilities by means of contributions
Tales
