Logistic terms

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Pallet Convertor
Superstructure which can be applied to a pallet to convert it into either a box or post pallet.  
Pallet Rack
Skeleton framework, of fixed or adjustable design, to support a number of individual pallet loads.  
Pallet Truck
Pedestrian- or rider-controlled non-stacking lift truck fitted with forks.  
Panamax Size
Maximum measurements and dimensions of a vessel capable of passing the Panama Canal.  
Parcel
Package
Part-Participant
Neither a CASS Airline nor a billing participant, which advises the Settlement Office of amounts due to it from agents (air cargo). CASS Airline
Participating Carrier
1. A carrier participating in a tariff and which therefore applies the rates, charges, routing and regulations of the tariff (air cargo). 2. A carrier over whose air routes one or more sections of carriage under the Air Waybill is undertaken or performed (air cargo).  
Particular Average
Abbreviation: P.A. 1. Partial loss or damage to the goods. 2. Fortuitous partial loss to the subject matter insured, proximately caused by an insured peril but which is not a general average. Particular average only relates to damage, loss and/or expenses which are exclusively borne by the owners of a vessel which has sustained damage as a result of e.g. heavy weather or by the owners of the cargo, which has been damaged in transit. AverageGeneral AverageFree of Particular Average, English ConditionsFree of Particular Average, American Conditions
Partition
Divider
Payee
Party to whom a payment is made or owed.