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The Air Waybill is the most important document issued by a carrier either directly or through its authorized agent. It is a non-negotiable transport document.( )
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On traffic lanes where demand is strong and plane capacity is limited, the air rates will be low and vice versa for traffic lanes where supply exceeds demand.( )
TACT is generally considered to be a set of guidelines which contains comprehensive information regarding air cargo rules, regulations, rates, and charges to TACT.Carriers are required to use these rates and charges. ( )
Consolidation is the practice of combining diverse cargoes into single shipments, to achieve substantial savings on freight costs. It can only be used in air cargo transport. ( )
When the stage at which the loss or damage occurred is known, the consolidator's liability will be determined by the applicable international convention or national law. ( )
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