Is Airway bill a documents of title?
Thursday, October 27, 2016     Category : Export

 

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


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Comments

 
KIRAN DHURI Says :
Thursday, March 13, 2014
what is the maximum date for issuing airwaybill? can AWB date after date of Let export date?
Atique Anwar Says :
Wednesday, October 22, 2014
Bill of lading is negotiable document and awb is not why?
 

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