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Pre Pri Pro

Preferential cargo

Cargo that by the rules of the exporting or importing country must be transported by a particular flag carrier.

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Preferential trade arrangements (PTAs)

Preferential trade arrangements remove barriers to trade between members and offer preferential access to markets on a reciprocal basis. In addition to trade in goods, FTAs usually cover trade in services and investment provisions as well as remove both tariff…

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Premises

Any building or offices occupied and used for commercial services.

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Premium

The amount above regular price paid as an incentive to do something. For example, a buyer might pay a premium for quick delivery. In insurance, the amount paid to an insurance company for coverage under an insurance policy. Opposite to…

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Prepaid

A notation on a shipping document indicating that the shipping charges have already been paid by the shipper or his agent to the carrier.

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