Shipping Glossary
PayerA party responsible for the payment as evidenced by the given instrument. Under letters of credit, the payer is the party on whom the draft is drawn, usually the drawee bank |
PBPPORT BASIC INTERNATIONAL PROTECTION |
PCCPANAMA CANAL SURCHARGE |
PCSPORT CONGESTION SURCHARGE. |
Per diemA charge made by one transportation line against another for the use of its equipment. The charge is based on a fixed rate per day |
Perishable CargoCargo subject to decay or deterioration. Phytosanitary Inspection Certificate: A certificate issued by the US department of Agriculture to satisfy import regulations of foreign countries; indicates that a US shipment has been inspected and found free from harmful pests and plant diseases |
Pick-upThe act of calling for freight by truck at the consignor’s shipping platform |
PierThe structure to which a vessel is secured for the purpose of loading and unloading cargo |
Pier-to-HouseA shipment loaded into a container at the pier or terminal, then to the consignee’s facility |
Pier-to-PierContainers loaded at port of loading and discharged at port of destination |