Distinguish between Bill of Lading and Airway Bill.
Answers
Bill of lading and airway bill form the core of international business operations.
The bill of lading is issued by the sender of goods which holds the record of the quantity and type of goods being shipped and other important details.
Airway bill on the other hand is issued for the purpose of importing or exporting goods by air.
Unlike a bill of lading it is not negotiable and contains very less information about the goods being sent or received.
Answer:
Bill of Lading____
Meaning: Bill of Lading is issued by the shipping company acknowledging the receipt of the goods put on board its vessel along with an undertaking to carry them to the port of destination.
Issuer: Bill of Lading is issued by the shipping company.
Airway Bill_____
Meaning: Airway Bill is a document of title to the goods which are dispatched by the exporter through airways and the airline company undertakes to carry them to the port of destination.
Issuer: Airway Bill is issued by the airline company.