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When you use air freight , an airway bill is issued in lieu of a bill of lading. It serves as a through bill of lading which covers domestic and international flights moving cargo to a specific destination. Your air transportation carrier will advise you of the house airway bill number and the master airway bill number assigned to your shipment. You must be sure to communicate these to your customer along with other transportation details.
Airway bills serve functions similar to those of ocean bills of lading, but they are only issued in non-negotiable form. It means that you and your bank have less protection because you lose the title to the goods once shipment commences.
Be sure to check with your logistics expert if you are shipping hazardous goods. Special forms are required. We will be covering ocean bills of lading in detail because ocean freight is the most economical -- and therefore the most frequently used -- method of export shipment. You must prepare and submit a Shipper's Letter of Instructions form to your freight forwarder so that they can issue an accurate bill of lading.
Governing International Regulations: Bill of lading and air waybill are issued subject to different governing international rules. Post Views: 5, This post focuses on some type of letter of credit.
Have you ever had a Read More. Have you ever been confused by what a letter of credit is? Or ever asked International trade has existed for centuries. As the volume of international business grew, so did Any Customs officer while scrutinizing documents should ask questions such as who?
If the document is not able to provide any coherent and consistent answers, it should raise doubts in the mind of the Customs Officer. Customs Officer should always ask one question while examining the documents or consignment i.
For example,. Now, in this e-book, attempt has been made to decipher an important document, known as Bill of Lading in case of sea transport or Airway Bill in case of transport of goods by Air. It is also a receipt for cargo accepted for transportation. It must be presented for taking delivery of the goods at the destination. It may be issued either in a negotiable or non-negotiable form.
In case of negotiable form, it may be bought, sold or traded or used as security for borrowing money. The ownership of the cargo belongs to the person who is holding the negotiable bill of lading. Two terms i. Master Bill of lading and House Bill of lading are also commonly used in transportation of goods by sea. The Master Bill of Lading is a document of title issued by the carrier who will transport the cargo from the shipper to named destination.
Acquiring possession of the master bill of lading is entitling possession of the goods. NVOCC operation comprises of sales, stuffing and transport of the containers to gateway ports.
An air waybill AWB or air consignment note is a receipt issued by an international airline for goods and an evidence of the contract of carriage, but it is not a document of title to the goods unlike Bill of lading which is a document of title of the goods.
Hence, the air waybill is non-negotiable. The format of the air waybill has been designed by IATA and these can be used for both domestic as well as international transportation. Close scrutiny of the Bill of Lading may indicate several high risk signals justifying closer scrutiny of the documents, or closer inspection of the cargo, or detailed examination of the cargo. To address this concern, any smuggler may resort to any of the following methods In such cases, the documents are filed in the name of well-known firm by fraudulently using their name and IEC number.
If such consignment is caught, then inquiry would reach dead end when the declared firm deny having imported the consignment in question. Box number given as address or address with insufficient details. Under normal circumstances, one will try to obtain the goods through shortest direct route as longer circuitous route will result in higher cost of transportation and longer period of consignment delivery.
Max Payload wt. Max gross wt. Note: There is wide variety of containers available such as general purpose container, high cube container, hard top container, open top container, ventilated container, refrigerated container, tank container etc.
For example, whether Shipping Scrap copper by Air is common? Following may enable customs officer to identify high risk consignment. Smuggler does not want the contraband to remain in Custom area for long time and his concern is to clear the goods at the earliest or clear the goods at the odd time when either workload is too much or when there is lean presence of Customs officer.
If it is there, it is an indicator of some problem with the consignment. See whether any attempt by importer or agent pressing for release of goods. If so, be extra alert. Any documentissued by any reputed company will have its logo and complete address on the document. Further, any Government issued documents will have specific pattern. Carefully look at the Certificate of Origin where duty benefitsunder Free Trade Agreement are being claimed.
Make sure that it is in the notified format and is signed by notified officials of the Originating countries of the goods. Explanation of the information contained in the Bill of Lading.
Consignee : The person who is to receive the goods. It may be the same address as recorded in consignee column. Reference for the transported goods: This may be a reference to the shipper or forwarder. Issue Date: Date of issuance of the Bill of lading. Description of goods : Description of the goods, container type, temperature if chilled goods. Measures volume of goods: Unit of measure specified. Further, one or more method of contact telephone, telefax and the number is mentioned.
Sometimes, when shipments for any reason, is required to be addressed to a bank or to an agent, a notify party is required to be mentioned in the field of Handling Information. The notify party is considered as the actual consignee of the shipment s.
This entry is reserved for the delivering carrier at its option. Airport of Departure address of First Carrier , Requested Routing: In this field, the airport of departure in terms of three letter City Code and any requested routing is inserted.
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