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An air waybill (AWB), also known as an air consignment note, is a type of bill of lading. By accepting a shipment, an IATA cargo agent is acting on behalf of the carrier whose air waybill is issued. Air waybills have eleven digit numbers, called AWB numbers, which can be used to make bookings, check the status of delivery, and a current ...
A consignment agreement is an agreement between a consignee and consignor for the storage, transfer, sale or resale and use of the commodity. The consignee may take goods from the consignment stock for use or resale subject to payment to the consignor agreeably to the terms bargained in the consignment agreement. The unsold goods will normally ...
A waybill is a document issued by a carrier giving details and instructions relating to the shipment of a consignment of cargo. [1] Typically it will show the names of the consignor and consignee, the point of origin of the consignment, its destination, and route. Most freight forwarders and trucking companies use an in-house waybill called a ...
Consignment stock is stock legally owned by one party but held by another, meaning that the risk and rewards regarding the said stock remain with the first party while the second party is responsible for distribution or retail operations. [3] [4] The verb consign means "to send", and therefore the noun consignment means "sending goods to ...
They are usually printed as the fine print behind the shipping documents like bill of lading, air way bill, or consignment note. These standard trading conditions state the general contract terms and conditions between the two contracting parties who do a contract of transportation or storage or otherwise handling of goods.
A proof of delivery (POD) is a document that substantiates that a carrier has satisfied its terms of a contract of carriage for cargo by confirmation of the recipient or consignee. [1]
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The driver who uses the consignment should be familiar with the consignment, and with the waybill, able to inform the recipient about the importance of the various topics on the waybill. As of 27 May 2008, according to an additional protocol to the CMR-convention, [3] it is also possible to use an updated electronic consignment note – eCMR ...
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