What are the differences between air waybill and bill of lading?

Bill of lading and air waybill are two transport documents, which have been widely used in international trade businesses for decades.

Air waybill is a transport document, which is used in airport-to-airport air shipments.

Bill of lading is the generic name of transport documents, which are generally used in port-to-port sea shipments.

There are various types of bills of lading available on the market, each of them fulfilling different needs.

Today I would like to mention the differences between these two important transport documents.