Air Waybill - AWB

AAA

DEFINITION of 'Air Waybill - AWB'

A document that accompanies goods shipped by an international courier to provide detailed information about the shipment and allow it to be tracked. The air waybill has multiple copies so that each party involved in the shipment can document it.

INVESTOPEDIA EXPLAINS 'Air Waybill - AWB'

The bill contains the shipper's name and address, consignee's name and address, three letter origin airport code, three letter destination airport code, declared shipment value for customs, number of pieces, gross weight, a description of the goods and any special instructions (e.g,. "perishable"). It also contains the conditions of contract that describe the carrier's terms and conditions, such as its liability limits and claims procedures.

RELATED TERMS
  1. Phil Condit

    A former CEO and chairman of Boeing. Condit is best known for ...
  2. Import Duty

    A tax collected on imports and some exports by the customs authorities ...
  3. Import And Export Prices

    Two indexes that monitor the prices of imports and exports in ...
  4. Through Bill Of Lading

    A bill of lading that allows the transportation of goods both ...
  5. Export

    A function of international trade whereby goods produced in one ...
  6. Bill Of Lading

    A legal document between the shipper of a particular good and ...
Related Articles
  1. Sanctions Between Countries Pack a Bigger ...
    Economics

    Sanctions Between Countries Pack a Bigger ...

  2. Exploring The Current Account In The ...
    Economics

    Exploring The Current Account In The ...

  3. Commodity Prices And Currency Movements
    Forex Education

    Commodity Prices And Currency Movements

  4. Overseas Investing No Protection Against ...
    Economics

    Overseas Investing No Protection Against ...

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center