Airway Bill in International Trade

 

Airway Bill under Export and Import

 

Airway Bill in International TradeAirway Bill is also called Air Consignment Note. It is a receipt issued by an airline for the carriage of goods. As each shipping company has its own Bill of Lading, so each airline has its own airway bill.

Airway Bill or Air consignment note is not treated as a document of title to goods and is not issued in negotiable form. Delivery of the goods is made to the consignee without the production of airway bill.

Importance of Airway Bill

1. It is a contract of carriage of goods between the consignor and airlines or his agent.

2. It acts as a customs declaration form.

3. It contains details of freight and so works as a freight bill.

 

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