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Shipping Glossary

Shipping Glossary

PAC

PENALTY FOR AWKWARD CARGO

Packing List

Itemized list of commodities with marks/numbers but no cost values indicated

Paired Ports

A US Customs program wherein at least two designated Customs ports will enter cargo that arrives at either port without the necessity of an inbound document

PAL

PALLECT ALLOWANCE

Pallet

A platform (usually two-deck), with or without sides, on which a number of packages or pieces may be loaded to facilitate handling by a lift truck

Paper Ramp

A technical rail ramp, used for equalization of points not actually served

Paper Rate

A published that is never assessed because no freight moves under it

Parcel Receipt

An arrangement whereby a steamship company, under rules and regulations established in the freight tariff of a given trade, accepts small packages at rates below the minimum bill of lading, and issues a parcel receipt instead of a bill of lading

Partial Containerships

Multipurpose containerships where one or more but not all compartments are fitted with permanent container cells. Remaining compartments are used for other types of cargo

Payee

A party named in an instrument as the beneficiary of the funds. Under letters of credit, the payee is either the drawer of the draft or a bank

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