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Pp
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| Packing List |
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A document prepared by the shipper listing the kinds and qualities of merchandise in a particular shipment. |
| Pallet |
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A platform with or without sides, on which a number of packages or pieces may be loaded to facilitate handling.
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| Pallet Loader |
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A device employing one or more vertical lift platforms for the mechanical loading or unloading of palletized freight at planeside. |
| Pallet Transporter |
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A vehicle for the movement of loaded pallets between the aircraft and the freight terminal. |
| Palletizing |
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The loading and securing of a number of sacks, bags, boxes or drums on a pallet base. |
| Par Balue |
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The official fixed exchange rate between two currencies or between a currency and a specific weight of gold. |
| Par Exchange Rate |
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The free market price of one country's money in terms of the currency of another. |
| Par of Exchange |
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The market price of money in one national currency that is exchanged at the official rate for a specific amount in another national currency, or another commodity of value (gold, silver, etc.). |
| Parcel Post Air Freight |
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An airline service through which a shipper can consolidate a number of parcel post packages, with destination postage affixed by the shipper, for shipment as air freight to the postmaster at another city for subsequent delivery within local postal zones or beyond. |
| Parent Bank |
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A bank in a major industrial country that sets up a subsidiary in a developing country. |
| Parity |
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Equality in amount or value. |
| Parol |
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Oral expression. A parole contract is one that is verbal only and that has not been put into writing by the parties. |
| Partnership |
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An unincorporated business owned and operated by two or more persons, who may have general or limited liability according to the agreement of the partnership. |
| Patent |
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A grant by law to an inventor of a device of the right to exclude other persons from making, using, or selling the device. |
| Payable in Exchange |
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The requirement that a negotiable instrument be paid in the funds of the place from which it was originally issued. |
| Payee |
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The person or organization to whom a check or draft or note is made payable. |
| Payer |
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The party primarily responsible for the payment of the amount owned as evidenced by a given negotiable instrument. |
| Payments Surplus |
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The excess of the value of a nation's exports over its imports. |
| Penalties |
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The charges assessed or action taken by customs in response to a violation of a customs-enforced regulation or law. |
| Performance |
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The proper fulfillment of a contract or obligation. |
| Peril Point |
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A hypothetical limit beyond which a reduction in tariff protection would cause serious injury to a domestic industry. |
| Perishable Freight |
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Freight subject to decay or deterioration. |
| Petrodollars |
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Huge sums of money from oil-producing nations other than the United States or Great Britain. |
| Phytosanitary Inspections Certificate |
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A certificate issued by the U.S. Department of Agriculture indicating that a U.S. export shipment has been inspected and is free from harmful pests and plant diseases. |
| Pickup and Delivery Service |
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An optional service for the surface transport of shipments from shipper's door to originating carrier's terminal and from the terminal of
destination to receiver's door. |
| Pickup Order |
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An order from a broker to a carrier to pick up freight at a location. |
| Pier-to-Pier |
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Shipment of cargo by carrier from
origin pier to discharge pier. |
| Piggyback |
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The transportation of truck trailers and containers on specially equipped railroad flat-cars. |
| Pilferage |
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The loss of goods due to steady theft in small amounts. |
| Pilot |
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A person whose occupation is to steer ships, particularly along a coast, or into and out of a harbor. |
| Plimsoll Mark |
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The horizontal line on the outside of a ship which represents the depth to which a vessel may be safely loaded; this mark must stay above the water surface. |
| Point of Origin |
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The location at which a shipment is received by a transportation line from the shipper. |
| Point-to-Point |
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Represents service and rates for shipments in door-to-door service. |
| Port |
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A harbor or haven where ships may anchor and discharge or receive cargo. |
| Port Charge |
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A charge made for services performed at ports. |
| Port of Discharge |
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The port at which a shipment is off loaded by a transportation line. |
| Port of Entry |
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A port at which foreign goods are admitted into the receiving country. |
| Port of Export |
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The port, airport, or customs point from which an export shipment leaves a country for a voyage to a foreign country. |
| Port-of-Origin Air Cargo Clearance |
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U.S. Customs clearance at inland airports to facilitate the procedures before they reach a gateway point. |
| Portfolio Investment |
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In general, any foreign investment that is not direct investment is considered portfolio investment. |
| Post-Shipment Verifications |
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An inspection to determine that an exported strategic commodity is being used for the purposes for which its export was licensed. |
| Postdated Check |
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A check bearing a date that has not yet arrived.
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| Pre-License Checks |
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Checks that are conducted to determine that a request for a license to export a controlled commodity represents a legitimate order. |
| Preferences |
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A creditor's right to be paid before other creditors of the same debtor. |
| Premium |
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The amount above a regular price, paid as incentive to do something. |
| Prepaid |
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A notation on a shipping document indicating that shipping charges have already been paid by the shipper to the carrier. |
| Prepaid Charges |
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The transportation trade practice under which the shipper pays transportation charges. |
| Price Support |
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Subsidy or financial aid offered to specific growers, producers, or distributors, in accordance with governmental regulations to keep market prices from dropping below a certain minimum level. |
| Priority Air Freight |
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Reserved air freight or air express service wherein shipments have a priority after mail and the small package services. |
| Private Corporation |
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A business corporation with shares that are not traded among the general public. |
| Procurement and Lead Time |
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The time required by the buyer to select a supplier and to place and obtain a commitment for specific quantities of materials at specified times. |
| Product Groups |
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Commodity groupings used for export control purposes. |
| Productivity |
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A measurement of the efficiency of production. |
| Project License |
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A U.S. license which authorizes large-scale exports of a wide variety of commodities and technical data for specified activities. |
| Promotional Rate |
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A rate applying to traffic under special conditions and usually confined to movement between a limited number of cities. |
| Proof of Delivery |
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Information provided to payer containing name of person who signed for the package with the date and time of delivery. |
| Proprietor |
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A person who has an exclusive right or interest in property or in a business. |
| Proprietorship |
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A business owned by one person. |
| Protectionism |
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The deliberate use or encouragement of restrictions on imports to enable relatively inefficient domestic producers to compete successfully with foreign producers. |
| Protective Service |
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Many airlines offer a protective service where shippers can arrange to have their shipments under carrier
surveillance at each stage of transit. |
| Protective Tariff |
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A duty or tax on imported products to make them more expensive in comparison to domestic products. |
| Protest |
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The means by which an importer, consignee, or other designated party may challenge a customs decision. |
| Public Corporation |
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A business corporation with shares traded among the general public, such as through a stock exchange. |
| Published Rate |
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The charges for a particular class of cargo as published in a carrier's tariff. |
| Purchase Order |
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A purchaser's written offer to a supplier formally stating all terms and conditions of a proposed transaction. |
