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WESTERN OVERSEAS CORPORATION
WESTERN OVERSEAS CORPORATION

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Currency Conversion
Currency Conversion
 
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  PADAG
Abbreviation for "Please Authorize Delivery Against Guarantee." A request from the consignee to the shipper to allow the carrier or agent to release cargo against a guarantee, either bank or personal. Made when the consignee is unable to produce original bills of lading.
 


 
Perils of the Sea
Those causes of loss for which the carrier is not legally liable. The elemental risks of ocean transport.
 


 
Phytosanitary Inspection Certificate
A certificate issued by the U.S. Department of Agriculture to satisfy import regulations of foreign countries; indicates that a U.S. shipment has been inspected and found free from harmful pests and plant diseases.
 


 
POD
Abbreviation for:
  • Port of Discharge.
  • Port of Destination.
  • Proof of Delivery. A document required from the carrier or driver for proper payment.
 


 
POL
Abbreviation for:
  • Port of Loading
  • Petroleum, Oil, and Lubricants
 


 
Pomerene Act, Also known as (U.S.) Federal Bill of Lading Act of 1916.
U.S. federal law enacting conditions by which a B/L may be issued. Penalties for issuing B/L's containing false data include monetary fines and/or imprisonment.
 




 
Pratique Certificate
Lifts temporary quarantine of a vessel; granted pratique by Health Officer.
 




 
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.).
 




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