Glossary of Shipping Terms:
" P " (page-1)
P & I Club
See: Protection and Indemnity Club
Package
- 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
Any container or other covering in which goods are packed.
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.
Packing Unit
A type of package where a standard quantity of products of a specific product type can be packed and that requires no additional packaging for storage and shipment.
Pallet
A platform on which goods can be stacked in order to facilitate the movement by a fork lift or sling.
Pallet Convertor
Superstructure which can be applied to a pallet to convert it into either a box or post pallet.
Pallet Rack
A skeleton framework, of fixed or adjustable design, to support a number of individual pallet loads.
Pallet Truck
Pedestrian- or rider-controlled non-stacking lift truck fitted with forks.
Panamax Size
The maximum measurements and dimensions of a vessel capable to pass the Panama Canal.
Parcel
See: Package
FEATURED COMPANY
Featured Company:
Pramudita Architects & Interiors (Indonesia)
A Bandung-based interior design, outdoor decoration, and home furnishing company. It offers architectural design and interior & outdoor design services. Pramudita is also capable of managing contract furnishings works, by offering custom-made furnitures, outdoor-garden decorations, and home decor & accents items. Also available are one piece art works and paintings.
Participating Carrier
- A carrier participating in a tariff and who therefore applies the rates, charges, routing and regulations of the tariff.
- A carrier over whose air routes one or more sections of carriage under the Air Waybill is undertaken or performed (air cargo).
Particular Average
A fortuitous partial loss to the subject matter insured, proximately caused by an insured peril but which is not a general average loss. Particular average only relates to damage and/or expenses which are exclusively borne by the owners of a vessel which has sustained damage as a result of e.g. heavy weather or by the owners of the cargo, which has been damaged in transit.
Partition
See: Divider
Partnership
An ongoing relationship between two organisations which involves a commitment over an extended time period and a mutual sharing of the risks and rewards of the relationship.
Payee
A party to whom a payment is made or owed.
Payer
A party who pays or is to pay.
Payload
The revenue-producing load carried by a means of transport.
Payment
That which discharges a debt.
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