- Mode of transport: An AWB is used specifically for air shipments, whereas a bill of lading (BoL) can be used for any transport.
- Negotiability: A BOL is negotiable and acts as a title document i.e., a document proving ownership of the goods. It allows ownership transfer during transit, while an AWB is non-negotiable and does not serve as a title document.
- Terms: Both documents serve as shipment contracts, but their terms and regulation requirements differ due to the different modes of transport covered.
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