Glossary of Shipping Terms:
" P " (page-5)
Product
A result, end items or output from a certain process.
Product Chain
All phases in the transformation- or production process of one product.
Product Life Cycle
The period of time between the introduction date and end date of a product in the market.
Note: Phases are introduction, growth, maturity, saturation, decline & end.
Production
- The conversion of materials and or assembly of components to manufacture goods, products or services.
- The total quantity of goods manufactured or to be manufactured in a particular period of time expressed in quantitative or financial terms. (The term manufacturing is often used specifically for physical operations resulting in a product).
Productivity
Relative measure of output of labour hour or machine hour.
Profit Centre
An organisational unit which will be held responsible for its own profits and losses.
Project Cargo
Quantity of goods connected to the same project and often carried on different moments and from various places.
Project Management
Managing a transport project, which involves the design and implementation of logistics solutions including resource planning, costing and profits.
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 P&O Nedlloyd documents and notifications and, if appropriate, on the goods. basis (air cargo).
Protection and Indemnity Club (P & I club)
A mutual association of shipowners who provide protection against liabilities by means of contributions.
Protocol
A statement drawn up to attest certain events.
Public Authorities
The agencies or officials in a state responsible for the application and enforcement of the laws and regulations of that state.
Source: IMO.
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Public Warehouse
A warehouse which is available to all companies and persons who wish to make use of the services offered.
Published Charge
A charge, the amount of which is specifically set forth in the carrier's rates tariff.
Published Rate
See: Published Charge
Pull Distribution System
A system to provide warehouses with new stock on request of the warehouse management.
Purchase Order
A definite order for one or more deliveries by the supplier to the customer of a specific quantity of goods, materials, services or products under agreed terms of delivery and prices.
Purchase Order Management
Supply chain management to purchase order article level.
Push Distribution System
A system to provide warehouses with new stock upon decision of the supplier of the goods.
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