Meaning of Airway Bill? (Business Studies)
When goods are sent by airways, the sender of the goods prepares airway bill in triplicate. The airway bill is otherwise called as air consignment note. The three copies of airway bill are made as follows:
- The first copy is signed by the sender and is handed over to the carrier.
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- The second copy is signed by both the carrier and the sender of the goods and it is handed over to the consignee.
- The third copy is signed by the carrier and is handed over to the consignor after the receipt of goods.
The airway bill contains place and date of carriage contract, the place of departure, the name and addresses of the sender, name and addresses of the carrier, name and addresses of consignee, description of goods, nature of goods and the details of freight.