Page 14 - Glossary of Shipping Terms

SHIPPING TERMS

TERM DESCRIPTION
Pier-to-House (P/H)
Pier-to-Pier (P/P) See CFS/CY.
Pilferage
Place of Delivery See CFS/CFS.
Place of Receipt
Port of arrival The act of stealing cargo.
Port of Discharge
Port of Loading (POL) See Final Destination.
Port Service Charge
Prepaid (Ppd.) Location where cargo enters the care and custody of carrier.

Presenting Bank Location where imported merchandise is off loaded from the importing aircraft or vessel.
Pro Rata
Procurement Port where cargo is unloaded from vessel.
Pro-forma Invoice
Promissory Note Port where cargo is loaded to vessel.

Protest See THC.

PSA One of the payment status where freight and charges are required to be paid by shipper before original
Quota bill of lading is released to them except for shipment under Sea Waybill (or Express BL) as no original
bill of lading is required or for shipment under credit arrangement.
RCG
The bank that requests payment of a collection bill - may be the Collecting Bank or its nominated
Railhead branch or local correspondent, which is better placed to contact the importer
Ramp
In proportion.
Receipt for Shipment B/L
All of the processes involved in requesting, ordering, auditing, and paying for goods and services
Reconsignment
(R/C) A specimen invoice, requested by the buyer for the purpose of applying for such things as an import
license, or foreign exchange allocation prior to the sale.
A signed statement containing a written promise to pay a stated sum to specified person at a specified
date or on demand.

(a) A legal means of proving presentation and default of a negotiable instrument, as well as providing
notice to interested parties that the instrument was not paid. (b) A declaration made by the master
of a vessel before a notary public in the United States and Great Britain or a tribunal of commerce on
the European Continent, or before the consul of the country from which the vessel hails if in a foreign
port, on arrival in port, when, through stress of weather, it has not been practicable to adopt ordinary
precaution in the matter of ventilation for perishable cargoes; when the condition of the cargo or any
part thereof at the time of shipment is such as to lead to the belief that damage or some further
damage has occurred during the voyage; when any serious breach of a charter party by the charterer
in a foreign port happens; when a vessel experiences bad weather while at sea and when the master
has reason to believe that the cargo is damaged or part of the deck load lost overboard. Copies of the
protest are frequently demanded underwriter in the event of a claim. Protests are received as evidence
in tribunal on the Continent but they cannot be made.

Port of Singapore Authority

The quantity of goods that may be imported without restriction or additional duties or taxes.

Reporting of Conveyances and Goods. Cargo entering and leaving South Africa are required to report in
accordance with sections 7 and 8 read with Section 101A of the Customs and Excise Act 91 of 1964. A
road haulier crossing any South African land border-post with commercial cargo must submit a manifest
in respect of all such cargo carried on the commercial cargo vehicle (truck).

Rail terminal where containers are either loaded or discharged from train. (A railhead is a CY)

Rail terminal where containers are either loaded or discharged from a train (A rail Ramp is a CY)

A term used in contradistinction to shipped bill of lading, which is the standard document. Some
bankers object to such bill of lading on the ground that the security they offer is imperfect. This kind
of bill of lading is normally issued to acknowledge receipt of shipment before cargo loading or before
official original bill of lading is issued. Nowadays, not many shippers ask for this kind of bill of lading.

Changing the consignee or destination on a bill of lading while shipment is still in transit. Diversion has
substantially same meaning.

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