Abbreviation for "Protection and Indemnity," an insurance term.
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Packing List

Itemised list of commodities with marks/numbers but no cost values indicated.
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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.
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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.
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Partial Shipments

Under letters of credit, one or more shipments are allowed by the phrase "partial shipments permitted."
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Particular Average

See Insurance, Particular Average.
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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.
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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.
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Per Diem

A charge, based on a fixed daily rate.
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Perils of the Sea

Those causes of loss for which the carrier is not legally liable. The elemental risks of ocean transport.
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Pier

The structure perpendicular to the shoreline to which a vessel is secured for the purpose of loading and unloading cargo.
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Pier-to-House

A shipment loaded into a container at the pier or terminal, thence to the consignee's facility.
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Pier-to-Pier

Containers loaded at port of loading and discharged at port of destination.
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Place of Delivery

Place where cargo leaves the care and custody of carrier.
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Place of Receipt

Location where cargo enters the care and custody of carrier.
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Plimsoll Mark

A series of horizontal lines, corresponding to the seasons of the year and fresh or saltwater, painted on the outside of a ship marking the level which must remain above the surface of the water for the vessel's stability.
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POD

Abbreviation for:
- Port of Discharge.
- Port of Destination.
- Proof of Delivery. A document required from the carrier or driver for proper payment.
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Point of Origin

The place at which a shipment is received by a carrier from the shipper.
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POL

Abbreviation for:
- Port of Loading.

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Port

- Harbour with piers or docks.
- Left side of a ship when facing forward.
- Opening in a ship's side for handling freight.
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Port of Call

Port where a ship discharges or receives traffic.
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Port of Entry

Port where cargo is unloaded and enters a country.
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Port of Exit

Place where cargo is loaded and leaves a country.
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Prepaid (Ppd.)

Freight charges paid by the consignor (shipper) prior to the release of the bills of lading by the carrier.
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Pro Forma

A Latin term meaning "For the sake of form."
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Pro Forma Invoice

An invoice provided by a supplier prior to the shipment of merchandise, informing the buyer of the kinds and quantities of goods to be sent, their value, and specifications (weight, size, etc.).
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Pro Rata

A Latin term meaning "In proportion."

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