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Party to whom a payment is made or owed.  
Party who pays or is to pay.  
Maximum amount of cargo weight which can be loaded on a particular means of transport.  
Payment against Documents
Instructions given by a seller to a bank that the buyer may collect the documents only upon payment of the invoice.  
Performance Indicator
Variable indicating the effectiveness and/or efficiency of a process.  
Performance Measurement
Comparison of the results of business processes with certain standards in order to know the effectiveness of these processes and/or the supportive actions.  
Perils of the Sea
Fortuitous accidents or casualties, peculiar to transportation on a navigable water, such as stranding, sinking, collision of the vessel, striking a submerged object or encountering heavy weather or other unusual forces of nature.  
Fresh produce that can spoil in a short amount of time (such as fruits, fish, meat, flowers).  
Physical Distribution
Those activities related to the flow of goods from the end of conversion to the customer.  
Physical Distribution Management
Planning execution and control of those activities which are related to the flow of goods from the end of conversion to the customer.  
Pilot in Command
Pick and Pack
Taking goods out of a stock and packing them according to customer conditions.  
Pick Order
Order to pick certain quantities of goods out of a stock.  
Pick up Service
Carriage of outbound consignments from the shipper's place to the place of departure.  
Pick-up and Delivery
Service concerning the collection of cargo from the premises of the shipper and the delivery to the premises of the consignee.  
Taking products or components out of a stock.  
Picking List
List used to collect items from stores to fulfil an order. Synonym: Material Issue List, Kitting List  
Carriage of road vehicles and trailers on railway wagons. Huckepack Carriage
Theft of part of the contents of a shipping package.  
Pilot in Command
Abbreviation: PIC. Pilot responsible for the operation and safety of the aircraft during flight time (air cargo).  
1. A method for conveying liquids and gasses. 2. The physical goods flow from a supplying organization to a receiving organization.  
Pipeline Inventory
Amount of goods in a pipeline: the sum of loading stock, goods in transit and receiving stock. Floating Stock
Pivot Weight
Minimum chargeable weight of a Unit Load Device (air cargo). Over Pivot RateOver Pivot Weight

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