Glossary

PACKERS (PACKAGING COMPANY)

Refers to companies or service providers that specialize in packaging and preparing goods for shipment. These companies offer packaging services, including selecting appropriate packaging materials, packing products securely, labeling, and ensuring compliance with shipping regulations and requirements. Packers play a crucial role in ensuring that goods are properly protected during transportation and arrive at their destination in good condition

INDUSTRY TERMS

PACKING LIST

A document that itemizes the contents of each package or shipment, including details such as the number of units, weight, dimensions, and packaging type.

REQUIRED DOCUMENTS

PAYMENT IN INSTALLMENTS

A payment arrangement where the total payment for the exported goods is divided into multiple installments to be paid over a specified period.

PAYMENT TERMS

PAYMENT TERMS

The agreed-upon terms and conditions regarding the payment for exported goods between the exporter and the importer.

PAYMENT TERMS

PENAEUS MONODON

Penaeus monodon is a species of large shrimp commonly known as black tiger shrimp or giant tiger prawn.

SHRIMP SPECIES

PENAEUS VANNAMEI

Penaeus vannamei was the previous scientific name used for this species but has since been updated to Litopenaeus vannamei.

SHRIMP SPECIES

POMADA TITI SHRIMP

Scientific name: Protrachypene precipua

Species of wild marine shrimp native to Ecuador

PRODUCT TYPES

POND CULTURE

Pond Culture is The method of farming Vannamei shrimp in large earthen ponds. Shrimp are stocked in these ponds, where they grow and develop until they reach marketable size.

FARMING PRACTICES

PORT INFRASTRUCTURE

Facilities and structures used in ports for the storage, loading, and unloading of shrimp shipments.

SHIPPING AND LOGISTICS

POSTLARVAE

“Postlarvae” refers to the developmental stage of shrimp that follows the nauplius stage. These are small juvenile shrimp that have undergone molting and metamorphosis, resembling miniature versions of adult shrimp. Postlarvae are often transferred from hatcheries to grow-out ponds or tanks for further rearing and development.

FARMING PRACTICES

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