Air waybill (AWB) is a receipt from the airline acknowledging the receipt of the consignment from the shipper and a contract of carriage between the airline and the shipper. An air waybill is equivalent to an ocean B/L, but it is not a document of title or negotiable instrument as a bill of lading, as the consignee takes the delivery of the cargo against of arrival notice given by the carrier. Hence collection cannot be used for the payment of the goods to be transported by air. Air Waybill AWB is a receipt for the goods issued by airlines agent evidencing the receipt of the goods mentioned in AWB. AWB is evidence of the contract of carriage between the consignor (shipper) and the airline company. AWB is the bill reference charged by the airline company. AWB can be regarded as insurance policy. AWB is a must for customs declaration. AWB is the reference Original 2 for air carrier business operation. Types of Air Waybill According to the issuer, AWB can be divided into the two kinds: Master Air Waybill (MAWB) means its issuer is air carrier and the shipping contract between the air carrier and air freight forwarding authorized agent. House Air Waybill (HAWB) is issued by the authorized forwarding agent and constituents the contract between the forwarder and the consignor. Contents of an AWB and its key points Contents of an AWB Unlike B/L, the contents of an AWB is tiny in difference in forms, since most airlines take the IATA (International Air Transport Association ) AWB known as neutral AWB to regulate the contents of an AWB, which concludes the following items: First departure airport IATA code; Nameaddress and account No. if necessary of the shipper and consignee; Issuing carriers agent name, city, IATA code and account No. if necessary; Dispatching dates and cruises including transshipment information; Cargo description of; freight and rates; Others for Customs, insurance and handling. Key points for attention in an AWB Issuer of an AWB. Provided otherwise stipulated in L/C, the bank rejects an AWB issued by transport agencies. Numbers of an AWB. An AWB has its triplicate originals, in which original 1 is for issuing carrier, original 2 is transferred to the consignee accompanying the flight and original 3 delivers to the shipper for Bill Purchased (B P). The consignee indicated in an AWB. Only the consignee typed in an AWB has the right for cargo delivery, which should in strict conformity with regulations in L/C. The right can dully be transferred to the bank in case of blank indication of consignee in L/C. Essentials of Airway Bill The bank will check the airway bill in accordance with the commercial invoice or the packing list related in the following essential aspects: 1) The consignor (shipper), which should be in strict conformity with the drawer of the commercial invoice; Essentials of Airway Bill 2) The consignee, which should be the same with the buyer in the commercial invoice in terms of name and address in case no description of the consignee in the airway bill; 3) Marks, description of goods, quantity, gross weight and measurement should agree with those in the commercial invoice and other documents; 4) The air freight and the its payment ( prepaid or to be collected) 5) The signature of the carrier or the carriers agent and the signatures compliance.