Definition Of

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

  • A/P
    A/P- in international trade documentation, abbreviation for “authority to purchase” or “authority to pay.” In accounting, abbreviation for “account payable.”
  • Rate of return
    Rate of return is the payments to the owner of a security plus the change in the security’s value, expressed as a fraction of its purchase price. More precisely called the rate of return.
  • Indifference point
    Generally to equal EPS of two alternative financial plan need to any amount of EBIT, analysis that is "Indifference Point".
  • Hard insurance market
    Hard insurance market is a period in the underwriting cycle during which underwriting standards are strict and premiums are high.
  • Bank failure
    Bank failure is a situation in which a bank cannot satisfy its obligations to pay its depositors and other creditors and so goes out of business.
  • Underwriting cycle
    Underwriting cycle is a term to describe the cyclical pattern in underwriting standards, premium levels, and profitability.
  • Representative Money
    Representative money alternatively called representative full-bodied money can be defined as the money that represent the commodity money to ...