Air Waybill (Airbill)

Shipping document used by the airlines for air freight. It is a contract for carriage that includes carrier conditions of carriage including such items as limits of liability and claims procedures. The air waybill also contains shipping instructions to airline, a description of the commodity, and applicable transportation charges. Air waybills can be used by many truckers as through documents for coordinated air/truck service. Air waybills are not negotiable . The airline industry has adopted a standard formatted air waybill that accommodates both domestic and international traffic. The standard document was designed to enhance the application of modern computerized systems to air freight processing for both the carrier and the shipper.
(Air Cargo from A to Z, Air Transport Association of America)