Glossary of Terms - P

P & I Club

See Protection and Indemnity Club

Packing Unit

A type of package where a standard quantity of products of a specific product type can be packed and that requires no additional packaging for storage and shipment.

Pallet Truck

Pedestrian- or rider-controlled non-stacking lift truck fitted with forks.

Particular Average

A fortuitous partial loss to the subject matter insured, proximately caused by an insured peril but which is not a general average loss.

Payload

The revenue-producing load carried by a means of transport.

Point to Point Transport

See House to House Transport

Pool

The shared use of e.g. equipment by a number of companies.

Port of Call

Place where a vessel actually drops anchor or moors during a certain voyage.

Port of Discharge

The port where the cargo is actually discharged (unloaded) from the sea (ocean) going vessel.

Port of Loading

The port where the cargo is actually loaded on board the sea (ocean) going vessel.

Positioning

The transport of empty equipment to or from a depot to or from shipper's or consignees premises.

Pre-slinging

The act of placing goods in slings which are left in position and used for loading into and discharging from a conventional vessel.

Precarriage

The carriage of goods (containers) by any mode of transport from the place of receipt to the port (place) of loading into the ocean vessel (main means of transport).

Precarrier

The carrier by which the goods are moved prior to the main transport.

Preshipment Inspection (PSI)

The checking of goods before shipment for the purpose of determining the quantity and/or quality of said goods by an independent surveyor (inspection company) for phytosanitary, sanitary and veterinary controls or to ascertain condition.

Proof of Delivery

The receipt signed by the consignee upon delivery.

Protection and Indemnity Club (P & I club)

A mutual association of shipowners who provide protection against liabilities by means of contributions.