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Shipping Glossary

Shipping Glossary

Payer

A 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

PBP

PORT BASIC INTERNATIONAL PROTECTION

PCC

PANAMA CANAL SURCHARGE

PCS

PORT CONGESTION SURCHARGE.

Per diem

A 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 Cargo

Cargo 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-up

The act of calling for freight by truck at the consignor’s shipping platform

Pier

The structure to which a vessel is secured for the purpose of loading and unloading cargo

Pier-to-House

A shipment loaded into a container at the pier or terminal, then to the consignee’s facility

Pier-to-Pier

Containers loaded at port of loading and discharged at port of destination

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서울특별시 강서구 마곡중앙 8로 78(마곡동, SM R&D 센터) 5, 6층
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