Purposes of Airway Bill in Exports and Imports
Purposes Airway Bill serves the following
A receipt, acknowledging consignment of goods from the shipper.
An evidence of the contract of carriage.
A contract between the shipper and the airline for moving the goods to the destination.
A freight bill as it contains all the details.
A document of instructions to carrier's staff in handling, dispatching and delivering shipments.
A customs declaration
Airway Bill is issued and signed by the airways company. They are made out in the name of the buyers or bankers of the buyers. The issuance date of the airway bill (AVM) is considered to be the date of shipment.
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