TERMS AND DEFINITIONS

ABBREVIATION MEANING
P&I Protection and Indemnity Insurance
PASTUS Past Us
PC Period of Charter
PCGO Part Cargo
PCT Percent
PDPR Per Day Pro Rata
PERDIEM By the Day
PER SE By Itself
PHPD Per Hatch Per Day
PLIMSOLL MARK
alt.
PLIMSOLL LINE
alt.
LOAD LINE
An internationally recognised line painted on the side of merchant ships. When a ship is loaded, the water level must not go above the line. Water can reach different parts of the line as its temperature and saltiness varies with the season and location.
PORT The left side of a ship looking forward. A harbour.
PRATIQUE Licence or permission to use a port
PREAMBLE Introduction to a charter party
PROFORMA Estimated Account
PUS Plus Us
PWWD Per Weather Working Day
RCVR Receiver
RECAP Recapitulation of the terms and conditions agreed
REVERSIBLE (Detention). If loading completed sooner than expected at load port, then days saved can be added to discharge operations.
ROB Remaining On Board
RT Revenue Tonne (i.e. 1.0 metric tonne or 1.0 cubic meter, whichever greater). The overall RT is calculated on a line by line basis of the Packing List using the largest amount. The overall freight liability is calculated on the total RT amount, multiplied by the freight rate.