Waybill
A transportation document that accompanies freight and provides carrier instructions for routing and delivery, without serving as a document of title. Unlike a bill of lading, a waybill cannot be used to transfer ownership of goods. Waybills are commonly used in air freight, LTL shipping (as a freight bill/pro bill), and when the shipper does not need a negotiable title document.
Detailed Explanation
A transportation document that accompanies freight and provides carrier instructions for routing and delivery, without serving as a document of title. Unlike a bill of lading, a waybill cannot be used to transfer ownership of goods. Waybills are commonly used in air freight, LTL shipping (as a freight bill/pro bill), and when the shipper does not need a negotiable title document.
Example
An LTL carrier generates a waybill with PRO number 123456789 when picking up 4 pallets from a shipper, which tracks the shipment through the carrier's terminal network to delivery.
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