Is a type of freight forwarder who specializes in air cargo and acts for airlines that pay him a fee. He is registered with the International Air Transport Association, IATA. (See also Air Freight Forwarder; Forwarder; Freight Forwarder; Foreign Freight Forwarder).
Insurance Encyclopedia
Air crew
The personnel of an aircraft.
Air Freight Forwarder
Air Freight Forwarder is one who specializes in air cargo. He usually consolidates the air shipments of various exporters, charging them for actual weight and deriving his profit by paying the airline the lower consolidated rate. He issues his own air way bills to the exporters, is licensed by the C.A.B. viz., Civil Aeronautics Board and has the status of an indirect air carrier. (See also Air Cargo Agent, Forwarder, Freight Forwarder, Foreign Freight Forwarder.)
Air Freightment
An agreement by a steamship line to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer, who then becomes liable for payment even though he is later unable to make the shipment.
Air Insurance
Please refer: “Aviation Insurance.”
Air Passengers Policy
The Policy covers liability to passengers for personal injury or damage to their personal effects.
Air Transit (Airfreight) (Excluding Sending by Post), Risk Covered
The risk covered are all risks of loss of or damage to the cargo insured subject to specified exclusions.
Air Transit (Registered Postal Sending) Risk Covered
As per Institute Cargo Clauses ‘A’, Refer “Marine Insurance Risk, covered, Ocean Transit-ICC ‘A.’
Air travel
Travel as a fare-paying passenger with recognised airlines is not excluded under personal accident policies. Private flying is excluded, but cover can be specially arranged.
Air Waybill
The contract of carriage between a shipper and an air carrier. It serves the same purpose as a bill of lading on a vessel but is not a negotiable instrument.
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A bill of landing that covers both international and domestic lights transporting goods to a specified destination. This is a non-negotiable documents of air transport that serves as a receipt for the shipper, indicating that the carrier has accepted the goods listed and obligates itself to carry the consignment to the airport of destination according to specified conditions.