P&I
Abbreviation for "Protection and Indemnity," an insurance term.
Packing List
Itemized list of commodities with marks/numbers but no cost values indicated.
PADAG
Abbreviation for "Please Authorize Delivery Against Guarantee." A request from the consignee to the shipper to allow the carrier or agent to release cargo against a guarantee, either bank or personal. Made when the consignee is unable to produce original bills of lading.
Paired Ports
A U.S. Customs program wherein at least two designated Customs ports will enter cargo that arrives at either port without the necessity of an in-bound document.
Pallet
A platform 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 rate 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 Shipments
Under letters of credit, one or more shipments are allowed by the phrase "partial shipments permitted."
Particular Average
See Insurance, Particular Average.
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.
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.
Per Diem
A charge, based on a fixed daily rate.
Perils of the Sea
Those causes of loss for which the carrier is not legally liable. The elemental risks of ocean transport.
Phytosanitary Inspection Certificate
A certificate issued by the U.S. Department of Agriculture to satisfy import regulations of foreign countries; indicates that a U.S. shipment has been inspected and found free from harmful pests and plant diseases.
Pickup
The act of calling for freight by truck at the consignor’s shipping platform.
Pier
The structure perpendicular to the shoreline 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, thence to the consignee’s facility.
Pier-to-Pier
Containers loaded at port of loading and discharged at port of destination.
Piggy Packer
A mobile container-handling crane used to load/unload containers to/from railcars.
Piggyback
A transportation arrangement in which truck trailers with their loads are moved by train to a destination. Also known as Rail Pigs.
Place of Delivery
Place where cargo leaves the care and custody of carrier.
Place of Receipt
Location where cargo enters the care and custody of carrier.
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