ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Function as a proof of receipt for the cargo
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An evidence of formal contract of carriage between the carrier and the shipper
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Bill of lading sea shipment
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An evidence of contract of carriage between the shipper and the carrier
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Detailed explanation-1: -An airway bill or AWB is a document that accompanies goods shipped by an international courier, which allow for tracking. It serves as a receipt of goods by an airline, as well as a contract of carriage between the shipper and the carrier. It’s a legal agreement that’s enforceable by law.
Detailed explanation-2: -An air way bill accompanies goods shipped by an international air carrier. The document provides detailed information about the shipment and allows it to be tracked. Air waybills are shipper-specific and are not negotiable documents (as opposed to “order” bills of lading used for vessel shipments).
Detailed explanation-3: -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.
Detailed explanation-4: -MAWB. MAWB (Master Air Waybill) is a document that sets AWB terms of shipping for consolidated (bulk) shipments. The MAWB is issued on a special form prepared and signed by the air carrier.