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:

More from this Section

  • Protest
    Protest is a solemn declaration by a Notary Public stating that he has demanded acceptance or payment of a bill of exchange and that it
  • Holder
    Holder is the payee or endorsee of a Bill of Exchange or Promissory Note who is in possession of it, or the bearer thereof.
  • Tax Haven
    Tax Haven is an international banking and financial centre providing privacy and tax benefits
  • Financial Deepening
    Financial deepening as the parameter to determine the existence of financial intermediation represent the total no of transaction occurred in a year.
  • Official Reserves Account
    The Official Reserves Account is the total reserves held by official monetary authorities within the country. These reserves are normally composed of the major ...
  • Haircut
    Haircut is the difference between the market value of a security and its value when used as collateral. The haircut is intended to protect a
  • Paper Standard
    The monetary standard in which paper notes are used as monetary purpose. Which is of course one kind of credit money issued by ...