Airway bill

Airway bill is not a document of title by nature. However airway bill can be prepared such a way to treat as a documentary title. Airway bill is an evidence of meeting the contract terms of shipment. Also it is the receipt given by air carrier on receiving the goods. So, once after preparation of AWB to treat as document of title, such airway bill is treated as document of title and can be used to transfer goods to another party, not mentioned in Airway bill. Such transfer of consignee can be done by endorsing airway bill to such consignee. If an airway bill is made as document of title, such airway bill can be used under DP terms of payment also.