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   P
P (Papa)
The Blue Peter - all aboard, vessel is about to proceed sea. (At sea) your lights are out or burning badly
P&I Protection and Indemnity Insurance
Panmax (Panamax) The largest bulk carrier which can pass through the Panama Canal fully loaded (approximately 80 ,000 dwt.).
Parcel tanker see Oil-tanker.
Pax Abbreviation for passenger(s). Used in cruiseshipping and on passenger ferries.
Pay zone The part of the reservoir which may be exploited economically.
PBOS NATO Planning Board for Ocean Shipping (Brussels)
Penetration Rate The drill bit's speed through the sediments.
Permeability The sediment's ability to let hydrocarbons pass through.
Pipe-Laying Barge
or Lay Barge
Vessel constructed for the laying of pipes on the sea bed.
PMOU
Paris Memorandum of Understanding - European port-state control
POEA Philippine Overseas Employment Administration (Manila)
Pooling Cargo or profit sharing by cooperating companies in lines or liner conferences.
PR Polish classification society.
Primary Recovery The initial extraction phase when the oil/gas is emitted naturally from the reservoir.
Production Ship Specialized ship pumping oil through flexible pipelines from the seabed.
Production Unit Platform equipped for the production of oil and gas.
Protectionism Flag state protection of own shipping by the elimination of certain competitive elements (see also Flag discrimination).
PSU Polish Seafarers' Union (formerly S-FUF or MR).
PSV Platform Supply Vessel.
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