Air Cargo Agent

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).

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.