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.
BREAKING DOWN '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.