Call us now on: +91 22 6699 5544
or
SMS GRACE to: +91 9987311519

 
 
 
 
  We have the requisite Expertise, Experience  to provide loyal world class service to meet your needs.

 

   

View More

 
  
 
  Grace World Wide Movers (GWM) has a specialist division of Logistics.  
   

View More

 
  
 
  We are the best option to handle your Project Shipments from or to any part of the world.  
   

View More

 
 
  
COMMON SHIPPING TERMS
   
 
   
P & I Club
 

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

   
 

Any physical piece of cargo in relation to transport consisting of the contents and its packing for the purpose of ease of handling by manual or mechanical means

 

The final product of the packing operation consisting of the packing and its contents to facilitate manual or mechanical handling

   
Packaging
 

Materials used for the containment, protection, handling, delivery and presentation of goods and the activities of placing and securing goods in those materials.

   
Packing Instruction
 

Document issued within an enterprise giving instructions on how goods are to be packed.

   
Packing List
  Document specifying the contents of each individual package.
   
Pallet
  A platform on which goods can be stacked in order to facilitate the movement by a fork lift or sling.
   
Panamax Size
  The maximum measurements and dimensions of a vessel capable to pass the Panama Canal.
   
Payload
  The revenue-producing load carried by a means of transport.
   
Payment Against Documents
 

Instructions given by a seller to a bank to the effect that the buyer may collect the documents necessary to obtain delivery of the goods only upon actual payment of the invoice.

   
Physical Distribution
  Those activities related to the flow of goods from the end of conversion to the customer.
   
Pier
  That part of a wharf which is intended for the mooring of vessels.
   
Pilferage
  Petty stealing of goods from a ship's hold, cargo shed or warehouse.
   
Place of Acceptance
 

The location where a consignment (shipment) is received by the carrier from the shipper viz. the place where the carrier's liability for transport venture commences.

   
Place of Delivery
 

The location where a consignment (shipment) is delivered to the consignee viz. the place where the carrier's liability ends for the transport venture.

   
Place of Despatch
  Name and address specifying where goods are collected or taken over by the carrier (i.e. if other than consignor).
   
Place of Receipt
 

The location where a consignment (shipment) is received by the carrier from the shipper viz. the place where the carrier's liability for transport venture commences.

   
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 loaded on board the sea (ocean) going 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
  Abbreviation: 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.

 

Presently there is a tendency by developing countries to use the inspection also for the purpose of determining whether the price charged for certain goods is correct.

   
Principal
  Person for whom another acts as agent.
   
Pro Forma Invoice
 

Draft invoice sent to an importer by the exporter prior to order confirmation and shipment to assist in matters relating to obtaining import licences or foreign exchange allocations, or simply to advise the value of a consignment so that letters of credit can be opened.

   
Project Cargo
  Quantity of goods connected to the same project and often carried on different moments and from various places.
   
Proof of Delivery
  The receipt signed by the consignee upon delivery.
   
Proper Shipping Name
 

A name to be used to describe particular goods on all documents and notifications and, if appropriate, on the goods. basis (air cargo).

 
Protection and Indemnity Club
  Abbreviation: P & I club
  A mutual association of shipowners who provide protection against liabilities by means of contributions
   
 

Go to Top

 
 
 
World Time
World Weather
Shipping Glossary
INCO Terms
Drafts Form
About INDIA
Important & Useful Links
Ports & ICDís In INDIA
 
 

 
Accreditations
 
 
© Grace Worldwide Movers Pvt. Ltd.                                                                  Terms & Condition                                     Site Powered by: ACE Smart Advertising