Is Airway bill a documents of title?

 

The information provided here is part of Export Import Training course online


 

Is Airway bill a document of title?

 

 


Can Airway bill be used as a document of title in Letter of Credit? Can Air way bill be used as Bill of Lading in DP terms of payment? Can goods under an Airway bill be transferred to another party?

 

Airway bill is not a document of title by nature. However airway bill can be prepared such a way to treat as a documentary title. Airway bill is an evidence of meeting the contract terms of shipment. Also it is the receipt given by air carrier on receiving the goods.

Is Airway bill a documents of title

So, once after preparation of AWB to treat as document of title, such airway bill is treated as document of title and can be used to transfer goods to another party, not mentioned in Airway bill. Such transfer of consignee can be done by endorsing airway bill to such consignee. If an airway bill is made as document of title, such airway bill can be used under DP terms of payment also.

 

Would you like to share your experience about transferability of airway bill? Have you experienced in converting an Air Way Bill in such a way to treat as a document of title? Share below your experience in handling AWB as a document of title.

 

 

Comment below your thoughts about this subject - Is Airway bill a document of title?

 

 


The above information is a part of Import Export Training course online


Other details on how to import export 

 

How Letter of Credit (LC) works
 What is Clean on board Bill of Lading
 Is received for shipment Bill of Lading sufficient for LC negotiation?
 Who are the parties involved in an LC Letter of Credit
 EEFC Account. Exchange Earners Foreign Currency Account
 How to prepare an Export Invoice. Contents of Export commercial Invoice
 Difference between Purchase Order and Pro forma Invoice
 Transferability of Bill of Lading
 Excise and Customs - Click here to read complete notification under Budget 2014
How to get Export Orders?
How to settle dispute in Exports and Imports?
Click here to know India Trade Classification(ITC)
Pre shipment bank finance to suppliers for exports through other agencies
Types of export containers
Measurement of export containers
Exim Policy of India 2015-2020
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation

We have IEC, can we export from all ports?

What are the legal documents in exports

What does ECGC do on default of payment of any overseas buyer?

Post shipment finance in Export Business

PRECAUTIONS TO BE TAKEN WHILE USING CONTAINERS FOR EXPORTS

 Printing machine error with customs – Un able to hand over documents to carrier.

 Procedure and Documentation for Filing Claim of Marine Insurance.

What is VACIS exam in US import customs clearance

When can an exporter release bill of lading from shipping company?

When does exporter get EP copy of shipping bill after customs clearance

Procedure for Central Excise Clearance Under Claim of Rebate

Procedure to claim Duty Drawback

 Procedures and documentation on Triangular shipments

Procedures for Re-imports

 Procedures to claim brand rate of draw back

 Procedures to file IGM (Import General Manifest)

 Procedures under Re-exports

 Re warehousing procedures under STP and EOU units.

 Register with Export Promotion Council


 

 

Is Letter of Credit LC safe for an Importer?

 Is ON BOARD CERTIFICATE required for LC negotiation

What is Rummaging

How does First Appraisement system of import customs clearance procedures work?

 How does Letter of Credit work?

How does STP units work in India?

How does TT (Telegraphic Transfer) work?

 How does Wire transfer work in international business?

Sea carriers

sea exports

SEZ benefits

Shipping lines worldwide

Short shipment in Export business
Shut out procedures to get back goods to exporter's place
Spelling error in LC? Is wrong spelling a discrepancy under Letter of credit?
Stuffing and De stuffing – 2 regular terms used in shipping
Surrender of Bill of Lading – Some facts
Switch BL
What is the difference between BAF and CAF
What is the difference between High sea sales and imports
What is the difference between re-exports and re-imports
How does First Appraisement system of import customs clearance procedures work?
How does Letter of Credit work?
How does Bill of Lading work in DP payment terms?  
How does STP units work in India?
What is VACIS exam in US import customs clearance
The term FCL. What is FCL means 
How does a Running bond work?

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular shipment

Types of Insurance Documents.

What is VACIS exam in US import customs clearance

When can an exporter release bill of lading from shipping company?

When does exporter get EP copy of shipping bill after customs clearance




Comments


KIRAN DHURI: what is the maximum date for issuing airwaybill? can AWB date after date of Let export date?

Atique Anwar: Bill of lading is negotiable document and awb is not why?

VENKATARAMANI: Q.No 1 . Is it possible to get switch Airway Bill like Switch Bill of lading? If so what is the procedure? Q. No 2. If my buyer is in Hong kong and consignee is in Africa and there is LC opened by the consignee to the buyer? The buyer pays in TT to the supplier in India. Since this is an Air shipment the airlines shall issues AWB in the name of Indian exporter only? Now how will my buyer in Hong kong get his payment without descrepancy when the airway bill itself is not as per LC terms? Kindly advise. (Switch AWB is the solution but airlines do not issue switch AWB) so what to do next??/ Any advise please

Discussion Forum

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