Polyol
This is an organic molecule with three or more alcohol groups attached. The correct chemical term for an alcohol group is a hydroxy group with the combination of one oxygen attached to one hydrogen (OH).
Polyolefin
The collective name given to those polymers that are made from the lower olefins: ethylene, propylene, butylene and isoprene. The polyolefins are thermoplastic polymers.
Polypropylene
Any of various thermoplastic plastics or fibers that are polymers of propylene. Polypropylene can be made into fibers, where it is a major constituent in fabrics for home furnishings such as upholstery and carpets. Numerous industrial end uses include rope and cordage, disposable non-woven fabrics for diapers and medical applications. As a plastic, polypropylene is moulded into bottles for foods and personal care products, appliance housings, dishwasher-proof food containers, toys, automobile battery casings, and outdoor furniture.
Polystyrene
A solid plastic made from polymerized styrene and used in a wide variety of everyday applications, from coffee cups through to CD jewel boxes..
Polyurethane
A synthetic compound derived from toluene, belonging to the family of organic polymers. Polyurethanes are used to make the foam in furniture, mattresses, car seats, building insulation, coatings for floors and furniture and refrigerators. They are also used in artificial sports tracks, jogging shoes, and in roller blade wheels.
Pomerene Act
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. Also known as (U.S.) Federal Bill of Lading Act of 1916.
PONA
A breakdown of the kind of molecules which compose a hydrocarbon mixture. The trade uses PONA most frequently to describe naphthas. See paraffins, olefins, naphthenes, and aromatics. All hydrocarbons fall into one of these four categories. The feedstock trade characterizes naphthas by what percentage of each kind of molecule they contain. A PONA test determines the composition of a particular cargo or stream.
Pontoon (Function Unknown)
A non propelled pontoon whose function is unknown
Pool Agreement
An agreement between a number of persons who have the right (because they are bareboat or time charterers, so disponent owners) to exploit the earning capacity of similar ships to co-operate in the Commercial Management and Commercial Operation of (typically) all such ships controlled by them (whilst each retaining any responsibility which they may have for Technical Operation).
Pooped
The poop is the stern section of a ship. To be pooped is to be swamped by a high, following sea
POR
Port of Refuge or Port of Registry
Port
Left side of a ship as perceived when facing toward the front (bow). Also refers to a shore facility where ships dock to be loaded and unloaded.
Port
PORT shall mean any area where vessels load or discharge cargo and shall include, but not be limited to, berths, wharves, anchorages, buoys and offshore facilities as well as places outside the legal, fiscal or administrative area where vessels are ordered to wait for their turn no matter the distance from that area.
Port Facility Security Officer
Is the person designated as responsible for the development, implementation, revision and mainte- nance of the port facility security plan and for liaison with the ship security officers and company security officers.
Port Facility Security Plan
Is a plan developed to ensure the application of measures designed to protect persons on board, cargo, cargo transport units and ship’s stores within the port facility from the risks of a security incident.
Port of Call
Port where a ship discharges or receives traffic.
Port of Entry
Port where cargo is unloaded and enters a country.
Port of Exit
Place where cargo is loaded and leaves a country.
Port Security
It is the defense, law and treaty enforcement, and counterterrorism activities that fall within the port and maritime domain. It includes the protection of the seaports themselves, the protection and in- spection of the cargo moving through the ports, and maritime security.
Port Security Grant Program (PSGP)
As a result of the Department of Homeland Security Appropriations Act of 2005, fiscal year grant funding is provided annually to the Nation’s most at–risk seaports for physical security enhancements to be used in the protection of critical port infrastructure from terrorism. PSGP funds help ports enhance their risk management capabilities, domain awareness, training and exercises, and capabilities to prevent, detect, respond to, and recover from attacks involving improvised explosive devices and other non–conventional weapons.
Port State Inspection
An inspection of a vessel carried out by the national marine authority of the Country in which the vessel is visiting.
POSH - Port out, Starboard home
A popular theory holds that the term Posh is derived from the initials of “Port Out, Starboard Home,” the cooler, and thus more expensive, side of ships traveling between England and India in the mid-19th century. The acronym POSH was supposedly stamped on the tickets of first-class passengers traveling on that side of ships owned by the Peninsular and Oriental Steam Navigation Company.
Positional Isomer
An isomer differing in the location of a double bond.
Post Curing
The input of heat to a coating after the initial cure has taken place to enhance the chemical resistance
Post-Fixture Operations
Voyage planning operations that take place after a voyage has been contracted, or "fixed".
Post-Panamax Vessel
a fully cellular containership that can carry more than 4,000 TEUs; a vessel that is larger than the original Panama Canal dimensions, but will fit under the Panama Canal expansion
Posted price
The published or list price of crude and petroleum products, sometimes shortened to "posting." Many companies use this term as a name for the price applied to their contract business. In some cases, it means the commodity's base price--the starting figure subject to adjustments such as competitive allowances, volume discounts, equity compensation, and so forth. Most of the time sellers post prices. But in some cases, such as the US domestic crude market, buyers post what they will pay.
Pour point
The temperature where a hydrocarbon mixture becomes too thick to flow. The industry uses this property to assure that gasoil will fuel furnaces and diesel engines properly during cold weather. In particularly harsh climates, pour point indicates how warm to keep distillate by artificial means. The trade also quotes pour points for residue and crude. In these cases, the specification indicated whether the oil needs heating for proper handling and storage.
Pour point
The lowest temperature at which commodity will continue to flow when it is cooled under specified standard conditions.
Powder Carrier
A single deck cargo vessel for the carriage of fine powders such as fly ash. There are no weather deck hatches
PP
Per Procurationem (on behalf of) or Picked Ports
PPB
Parts per billion. A thousand times less than a ppm. An expression for tiny concentrations of one ingredient (usually a contaminent) in a mixture. One milligram per kilogram equals one weight ppm.
ppb
Parts by weight per billion parts
Ppd
Prepaid: Freight charges paid by the consignor (shipper) prior to the release of the bills of lading by the car- rier.
PPE
Personnel Protective Equipment
PPI
Principal Party of Interest (see USPPI and FPPI).
PPM
Parts per million. A convenient expression for very small concentrations of one ingredient (usually a contaminent) in a mixture. One milligram per kilogram equals one weight ppm. So does 1 gram in a metric ton. The industry does not regularly use volume ppm, but could if it had a reason.
PPP
Public Private Partnership
PPSE or PPROPOSE
Please Propose
PPT
Prompt.. Immediate availability of the cargo or vessel offered in the charter party or any other contract. Similar to Spot.
PR
Polski Rajestr Statkow (polish register)
PRAC
Primary Response Action Contractor
Pratique
License or permission to use a port
Pratique Certificate
Lifts temporary quarantine of a vessel; granted pratique by Health Officer.
PRC
People's Republic of China
PRE
Pitting Resistance Equivalent. An empirical formula used to predict the resistance of stainless steels to pitting corrosion. Various formulas are used but the most common is PRE=%Cr+3.3%Mo+16%N
Pre–cooling
A process employed in the shipment of citrus fruits and other perishable commodities. The fruit is packed and placed in a cold room from which the heat is gradually extracted. The boxes of fruit are packed in containers that have been thoroughly cooled and transported through to destination with- out opening the doors.
Precursor
A stream or molecule transformed into a specific product by a reaction or other processing. Refiners, for instance, regard naphthenes as aromatics precursors because they readily become aromatics in reformers.
PREF
Prefer/Preferable/Preferably
PREP
National Preparedness for Response Exercise Program
Preparation
A preparation is a mixture or a solution composed of two or more substances. This term is used in the European legislation.
Press into Service
The British navy filled their ships' crew quotas by kidnapping men off the streets and forcing them into service. This was called Impressment and was done by Press Gangs.
Pressuring agent
Butanes used to control the vapor pressure of finished gasoline. Usually butane's price, relative to other components' and finished gasolines. gives refiners incentive to put as much butane as possible in their blends. During the winter months, when RVP specifications rise, motor gasoline can contain more butane.
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.).
Pro Rata
A Latin term meaning “In proportion.”
PROBO
Product-Bulk-Oil carriers. See OBO.
PROBO
Product/Bulk/Ore Carrier
PROCESS GASOIL
A synonym for vacuum gasoil. Processing arrangement: See TOLL PROCESSING Also called processing deals.
Processes
Basic oleochemicals are producted primarily through splitting, distillation, fractionation, separation, hydrogenation, methylation and hydrophilisation. Derivatives of basic oleochemicals are produced mainly through amidation, chlorination, dimerisation, epoxidation, ethoxylation, quarternisation, sulfation, sulfonation, transesterification and saponification.
Producers
Companies, often state organizations, which own oil wells and the crude which flows from them. This category includes a large number of private enterprises. Integrated oil companies and specialists called independent producers develop much of the world's crude supply. But, as a matter of custom, the industry tends to think not of them but of oil exporting nations when speaking of producers. Other names, such as equity holders, leaseholders, or even equity producers, distinguish these private, commercial organizations. They need a separate category because they must buy the oil they develop, through lease fees, royalties, cash, production sharing, or other arrangements, from whoever has sovereign right to it.
Product
Refined petroleum product such as gasoline, kerosene or fuel oil.
Product Name
Cargo name listed in Chapter 17 or 18 in the IBC Code or in the latest edition of MEPC.2/Circ. or as per a Tripartite Agreement. This is the name that should be indicated on the shipping document.
Product Stewardship
Product Stewardship is the responsible and ethical management of the health, safety and environmental aspects of a product throughout its total life cycle. Product Stewardship is Responsible Care applied to products. More…
Product Tanker
A tanker built to comply with Annex 1 of Marpol 73/78 for the carriage of oil and engaged in the trade of carrying oil other than crude oil. This includes both clean and black products.
Production
Stage in the industry where oil and gas are extracted and prepared for transport.
Production Platform, jack up
A jack up offshore production platform
Production Platform, semi submersible
A semi submersible offshore production Platform
Production Testing Vessel
A vessel primarily equipped for testing the quality and amount of oil produced by a well
Products (Oil)
Oil which has been produced as the direct result of a refining process. The resultant product may be Clean Petroleum Products - CPP (Naptha, Gasoline, Gas Oil, Base Oils etc. Or Dirty Petroleum Products - DPP (Fuel Oils etc.)
Products Tank Barge, non propelled
A non propelled tank barge for the carriage of oil products
Products Tanker
A tanker for the bulk carriage of refined petroleum products, either clean or dirty
Products Tanker Barge, propelled
A self propelled tanker barge for the bulk carriage of refined petroleum products, either clean or dirty
Products with a high melting Point
Tank cleaning: These products should be washed at a temperature of 15-20 C above the melting point. During washing there should be no ballast water or cold cargoes adjacent to the tank to be cleaned. During cleaning special attention must be given to liquid and vapor line systems to avoid freezing/solidification at cold line segments. Washing as soon as possible after discharge is recommended.
Products with a high viscosity
Tank cleaning: These products should be washed at higher temperatures. In general the viscosity is closely related to the temperature and will decrease at higher temperatures. During washing there should be no ballast water or cold cargoes adjacent to the tank to be cleaned. Washing as soon as possible after discharge is recommended.
Project Rate
Single tariff item, established to move multiple commodities needed for a specified project, usually construction.
Propane
A colorless, gaseous hydrocarbon. It is separated in large quantities from natural gas, light crude oil, and oil-refinery gases and is commercially available as liquefied propane or as a major constituent of liquefied petroleum gas (LPG). As with ethane, propane is an important raw material for the ethylene petrochemical industry. The decomposition of propane in hot tubes to form ethylene also yields another important product, propylene.
Propylene
Also called propene, a colorless, flammable, gaseous hydrocarbon obtained from petroleum; large quantities of propylene are used in the manufacture of resins, fibers, and plastics (see polyolefins), and numerous other chemical products.
Propylene
Three-carbon olefin produced in refineries by catalytic crackers and in petrochemical plants by steam crackers. Refiners process part of their supply into motor gasoline blendstock, particularly alkylate. Some refinery material and that from steam crackers becomes plastic, glue, and other synthetic products.
Propylene glycol
Generic term for a family of propylene glycols, the most important of which is monopropylene glycol.
Propylene glycol ethers
Propylene glycol ethers are formed from the base catalyzed reaction of propylene oxide with alcohols like methanol, ethanol, propanol, butanol or phenol. For further information please see http://www.ethers-de-glycol.org
Propylene glycol ethers acetates
Glycol ether acetates are clear liquids that often have a pleasant, fruity odor. For further information please see http://www.ethers-de-glycol.org
Protected Waters
an area of sheltered waters presenting no special hazards such as most rivers, harbours and lakes, designated by the Administration for the operation of small vessels and where not so designated means an area not more than 3 miles from a safe haven.
Protein
A naturally occurring combination of amino acids, containing the chemical elements carbon, hydrogen, oxygen, nitrogen and sometimes sulphur. One of the essential constituents of all living things and of the diet of animals and man.
PSC
Port state control. Is the system whereby the authorities of a State responsible for marine safety are empowered to inspect vessels entering its ports, even if they do not fly the flag of that State, in order to identify ships not complying with applicable norms, especially with respect to safety. Port State Control is typically governed by an international agreement, such as the Paris Memorandum of Understanding (MOU).