Pre–cooling

A process employed in the shipment of citrus fruits and other perishable commodities. The fruit is packed and placed in a cold room from which the heat is gradually extracted. The boxes of…

Prepaid (Ppd.)

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

Pro Forma

A Latin term meaning “For the sake of form.”

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.).

Pro Rata

A Latin term meaning “In proportion.”

Product Tanker

A liquid cargo vessel of 10,000 to 60,000dwt. Also referred to as a Handymax Tanker. Often built with many segregated cargo tanks and thus sometimes called a “drugstore tanker.”

Project Rate

Single tariff item, established to move multiple commodities needed for a specified project, usually construction.

Publishing Agent

Person authorized by transportation lines to publish tariffs or rates, rules, and regulations for their account.