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.
More from this Section
- Advance Payment Guarantee/ Bond
Advance Payment Guarantee/ Bond is a guarantee that advance payments will be returned if the party
- American terms
American terms refer to foreign exchange quotations for the U.S. dollar, expressed as the number of U.S. dollars per unit of non-U.S. currency.
- The balance of payments (BOP)
The measurement of all international economic transactions between the residents of a country and foreign residents is called the balance of payments (BOP).
- Diamond of National Advantage
Diamond of national advantage refers to the phenomenon that a strongly competitive home market can sharpen a firm’s competitive advantage relative to firms ...
- London Interbank Offered Rate (LIBOR)
London Interbank Offered Rate (LIBOR) is the deposit rate, applicable to interbank loans in London. LIBOR is used as the reference rate for many ...
- Customs Broker
Customs Broker are licensed agent or broker whose function is to handle the process of clearing goods though customs for importers.
- Trade Deficit
Trade Deficit is the amount by which merchandise imports exceed merchandise exports