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ACCA Applied Skills · Corporate and Business Law (Global) · Transportation documents and means of payment

Orlin Co ships goods by air to a buyer. Which document is normally issued by the air carrier and, unlike an order bill of lading, is not a document of title?

The air waybill is the transport document issued by an air carrier. It acts as a receipt and evidence of the contract of carriage, but it is not a document of title, so delivery is made to the named consignee rather than to the holder.

  1. AAir waybillCorrect
  2. BBill of exchange
  3. CCertificate of origin
  4. DMarine insurance policy

Explanation

An air waybill is issued by the air carrier as a receipt and evidence of the contract of carriage, but it is not a document of title; delivery is made to the named consignee. A bill of exchange is a payment instrument, a certificate of origin states where goods were produced, and an insurance policy covers risk.

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