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a COMMON SHIPPING TERMS
 
 
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

 
arrow Packaging
 

Materials used for the containment, protection, handling, delivery and presentation of goods and the activities of placing and securing goods in those materials.

 
arrow Packing Instruction
 

Document issued within an enterprise giving instructions on how goods are to be packed.

 
arrow Packing List
 

Document specifying the contents of each individual package.

 
arrow Pallet
 

A platform on which goods can be stacked in order to facilitate the movement by a fork lift or sling.

 
arrow Panamax Size
 

The maximum measurements and dimensions of a vessel capable to pass the Panama Canal.

 
arrow Payload
 

The revenue-producing load carried by a means of transport.

 
arrow 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.

 
arrow Physical Distribution
 

Those activities related to the flow of goods from the end of conversion to the customer.

 
arrow Pier
 

That part of a wharf which is intended for the mooring of vessels.

 
arrow Pilferage
 

Petty stealing of goods from a ship's hold, cargo shed or warehouse.

 
arrow 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.

 
arrow 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.

 
arrow Place of Despatch
 

Name and address specifying where goods are collected or taken over by the carrier (i.e. if other than consignor).

 
arrow 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.

 
arrow Port of Call
 

Place where a vessel actually drops anchor or moors during a certain voyage.

 
arrow Port of Discharge
 

The port where the cargo is actually loaded on board the sea (ocean) going vessel.

 
arrow 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).

 
arrow Precarrier
 

The carrier by which the goods are moved prior to the main transport.

 
arrow 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.

 
arrow Principal
  Person for whom another acts as agent.
 
arrow 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.

 
arrow Project Cargo
  Quantity of goods connected to the same project and often carried on different moments and from various places.
 
arrow Proof of Delivery
  The receipt signed by the consignee upon delivery.
 
arrow 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).

   
arrow Protection and Indemnity Club
  Abbreviation: P & I club
  A mutual association of shipowners who provide protection against liabilities by means of contributions
   
 
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