Common Shipping Terms


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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