Preferential cargo

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

Read More

Premises

Any building or offices occupied and used for commercial services.

Read More

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…

Read More

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.

Read More

Prescription period

A maximum period set by statute within which a legal action can be brought or a right enforced. A statute may prohibit, for example, any individual or legal entity from bringing an action for breach of contract more than one…

Read More