Glossary of Shipping Terms:
" P " (page-2)
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.
Performance Indicator
A variable indicating the effectiveness and/or efficiency of a process.
Performance Measurement
The comparison of the results of business processes with each other or with standards in order to know the effectiveness of these processes and/or the supportive actions.
Permeability
Ratio expressed as a percentage assumed for the volume of a compartment which can be flooded by water after damage, to the total volume of that compartment; respectively the actual calculated value of that ratio.
Phased Delivery
The delivery of parts of the shipment.
Physical Distribution
Those activities related to the flow of goods from the end of conversion to the customer.
Physical Distribution Management
The planning execution and control of those activities which are related to the flow of goods from the end of conversion to the customer.
Pick Order
An order to pick certain quantities of goods out of a stock.
Pick Up Service
The carriage of outbound consignments from the point of pick up to the airport of departure (air cargo).
Pick Up and Delivery
A service concerning the collection of cargo from the premises of the consignor and the delivery to the premises of the consignee.
Pick and Pack
Taking goods out of a stock and packing them according to customer conditions.
Picking
Taking products or components out of a stock.
Picking List
A list used to collect items from stores needed to fulfil an order.
Pier
See: Quay
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Piggyback
The carriage of road vehicles and trailers on railway wagons.
Pilferage
Petty stealing of goods from a ship's hold, cargo shed or warehouse.
Pilot
- Local expert advising a vessel's captain on safe navigation in those areas where the captain is ignorant of local circumstances or where it is obligatory to take a pilot.
- A person qualified to operate the controls of an aircraft.
Pilot In Command
The pilot responsible for the operation and safety of the aircraft during flight time.
Pipeline
- A line of pipes for conveying liquids and gasses.
- The physical goods flow from a supplying organisation to a receiving organisation.
Pipeline Inventory
The amount of goods in a pipeline: the sum of loading stock, goods in transit and receiving stock.
Pivot Weight
Minimum chargeable weight of a Unit Load Device.
Place of Acceptance
See: Place of Receipt
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.
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