CONTENTS OF AIRWAY BILL USED IN INTERNATIONAL BUSINESS

CONTENTS OF AIRWAY BILL USED IN INTERNATIONAL BUSINESS

CONTENTS OF AIRWAY BILL USED IN INTERNATIONAL BUSINESSAirway Bill is a transport document. It shows the proof that the airline has taken charge of the goods. The documentation for air transport is far simpler than for sea transport. The exporter, normally, begins by completing an air-consignment note, or letter of instruction, to the airline. This note gives basic details of the cargo, the customer's name and address and services the exporter requires, such as COD (cash on delivery) or special insurance arrangements. From these instructions the airline prepares the airway bill.

 

Contents of Airway Bill

The Airway Bill contains the following information:

Name of the ship/carrier,

Name and address of the shipper.

Name and address of the consignee,

Port of departure and destination,

Particular marks necessary for identification of goods,

Description of goods (General description),

Packing and Container description,

Indication of Full Container Load (FCL) or Less C

Transit places (where applicable),

Pre- paid freight or freight collect clauses,

Date and signature of the issuing carrier or his agent and

Declaration that the Warsaw Rules (the provisions in the 1929 Warsaw Convention), as amended, apply to limit the carrier's liability for loss of goods or damage to the goods.

The above information has to correspond with that appearing on the invoices and packages. The airway bill should be presented within two or three days from the date of shipment to the banker or within such period from date of issue as stipulated in the letter of credit.

Disposal of Airway Bill The airway bill is made up of three original copies, one each for:

• The carrier (the airline). The airline uses copies for various purposes, such as customs clearance, as an invoice, for accounts and so on

• The consignee (receiver). Carried with the consignment and delivered to the customer at the airport of destination.

• The consignor (shipper). Returned to him as a receipt and evidence of his affreightment contract with the airline.

 

Sometimes a L/C calls for "a full set of original airway bills". This is obviously a mistake; the seller cannot provide the complete set. This is a point exporter has to watch for in examining a letter of credit (L/C). The airway bill is an internationally standardised document, printed in English and in the language of the carrier.

How to export goods from India?

Export benefit schemes in India

Export procedures and documentation

How to get Export Order?

Know HTS code (HS code) of your product

How to import goods to India?

Find ITC code of your product

Indian Budget 2016-17, Duty changes in Excise, Customs and ST

Export benefit schemes from Export Promotion Councils


Valuation of GST under special cases 

Valuation of GST Taxable supply 

When to pay GST for supply of services? 

When to pay GST? 

GST on short supplied goods and services by nature 

Goods and services exempted to pay GST 

Who has to pay GST?
GST Composition Levy

Re-registration of GST, Goods and Service Tax.

Cancellation of registration of GST

All about registration of GST in India, FAQ

Cancellation of GST Registration in India, FAQ

Can a person without GST registration claim ITC?

Why separate Registration of GST in each state in India, for each business.

Latest date to file GST registration in India

Procedures to obtain GST registration for non-resident taxable person

Is digital signature option available under registration of GST in India?

Advantages of GST registration in India

Who has to obtain GST registration in India?       



Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers