Eire79: Further to my #2 above I have found the technical documentation for the PTP31 sensor. See:
https://portal.endress.com/wa001/dla/5000557/6848/000/09/TI00384PEN_1514.pdf
Reading through it seems to me one can either buy three variants of the PTP31, ie: PTP31A, PTP31B and PTP31C
or one buys a PTP31 and then configures it as an A, B or C - I cannot work out which is the case.
The letters A, B and C indicate the type measurement system that the PTP31 is employed for - see page 4 of the reference. The A model is a single relay output, the B two relay outputs and the C a relay and a 4-20mA output.
Furthermore if you look at page 6 of the reference the M12 connector on the PTP31 has 4 different pin configurations. The A1 pinout is for a single relay, A2 and A2' for two relay outputs and A3 and A3' for a relay and a 4-20mA output.
Note though there is a swap over of use of M12 pins 2 and 4 between A3 and A3'.
The pinouts A2' and A3' are associated with the DESINA cable standard.
So Sir, it seems to me you need to clarify which PTP31 sensor you have, what type of outputs/measurement system it provides and how the M12 connector is configured before connecting to the meter.