An Airway Bill (AWB) is a legal document issued by an airline or freight forwarder that serves as a contract of carriage and receipt of goods for air transport. It contains details about the shipment, sender, receiver, and delivery terms.
How It Works:
- The shipper hands over goods to the airline or logistics provider.
- An Airway Bill is issued with shipment details.
- The goods are transported via air cargo.
- The consignee uses the AWB to track and receive the shipment.
- The document serves as proof of shipment and delivery terms.
Benefits:
- Acts as proof of shipment
- Enables real-time tracking of goods
- Ensures clarity of terms between parties
- Simplifies international trade documentation
Example:
A company in India ships machinery parts to Germany via air cargo. The airline issues an Airway Bill, which the buyer uses to track and receive the shipment.