Trelogs

PVOs
Private Voluntary Organizations

Purchasing Agent
An agent who purchases goods in his/her own country on behalf of large foreign buyers such as government agencies and large private corporations.

Purchase Price
A statutory term used in dumping investigations to refer to the United States sales

Public Limited Company
See: Limited (Liability).

PSV
Post

Profit
For the purposes of constructed value in an antidumping duty investigation or review, the profit used is the profit normally earned by a producer, from the country of export, of the same or similar product as that under investigation. By statute, the amount of profit shall not be less than 8 percent of the sum of general expenses and cost.

Protection and indemnity insurance
Insurance obtained through a mutual association formed by ship owners to provide liability indemnification protection from various liabilities to which they are exposed in the course of their business, and which spreads the liability costs of each member by requiring contribution by all members in the event of a loss.

Product Groups
Commodity groupings used for export control purposes. See: Export Control Classification Number.

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 important specifications (weight, size, and similar characteristics).

Principal Officer
See: Title and Rank.

Primary Product
A product in an unprocessed or natural state (e.g. an agricultural, mineral or fishery product).

Prem. Res.
Premium reserve (reinsurance)

Prem. Red.
Premiums reducing

pratique
Permission granted by the authorities at a port, after assessing the health of those on board the arriving ship, to allow them to make physical contact with the shore.

ppt.
Prompt loading

ppd.
Prepaid

PP
Purchase Price

Port Shopping
Port shopping is the practice of exporters and importers choosing a particular port on the basis of their assessment of Customs' treatment, rather than on the quality of physical facilities and efficiency.

port
Harbor having facilities for ships to moor, load, or unload.

pontoon
Flat

pm
Premium

PLC
Pre

pilotage
Assisting the master of a ship in navigation when entering or leaving a port.

pier
Structure where ships can berth.

pgke.
Package

PFP
Policy Framework Paper

Pfo.
Portfolio

Pers. Acc.
Personal Accident

pd.
Passed. Paid

Pass
Through

Pac.
Pacific coast ports

P/S
Public sale

P/N
Promissory note

P/L
Partial loss

P/C
Price Current, Petty Cash, Percent, Particular charges, profit commission

P/A
Particular average. Power of attorney. Private account

p.t.
Private terms

P.T.
Premium transfer

P.S.T.
Pacific Standard Time

P.R.
Polski Rejestr. Port Risks, prorata

p.p.
Picked ports, Per procurationem (on behalf of)

P.O.D.
Pay on delivery, Port of distress

p.o.c.
Port of call

P.L.
Public liability

P.D.
Port dues

P.B.
Permanent Bunkers

P.A.N.
Premium advice note

P.A.
Particular average

P. O. D.
Paid on delivery

P. & L.
Profit and Loss