Definition

Air Consignment Note

Air Consignment Note or Air Waybill is a document which acknowledges receipt by an air transport company of goods dispatched by air. Normally completed in triplicate with a copy each for the Consignor, Consignee and the Carrier.

An Air Waybill is not a document of title to goods in the same manner as a Bill of Lading.

Share it:  Cite

More from this Section

  • Classification of Bank
    Bank can be classified or categorized in different ways. However, such categorization ...
  • “animal spirits”
    “animal spirits” means Waves of optimism and pessimism that affect consumers’ and ...
  • Impossible trinity
    Impossible trinity— three attributes of a theoretical ideal currency: exchange rate ...
  • Central Bank
    A central bank is an semi-independent autonomous government institution that conducts ...
  • Underinsured motorist’s coverage
    Underinsured motorist’s coverage is a coverage that can be added to the personal auto ...