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Shipping Glossary
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Shipping Glossary
PALPALLECT ALLOWANCE |
PalletA 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 RampA technical rail ramp, used for equalization of points not actually served |
Paper RateA published that is never assessed because no freight moves under it |
Parcel ReceiptAn 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 ContainershipsMultipurpose containerships where one or more but not all compartments are fitted with permanent container cells. Remaining compartments are used for other types of cargo |
PayeeA 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 |
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 |
