An industry-preferred version of the IATA air waybill Conditions of Contract (IATA Resolution 600b) has been approved and declared effective 17 March 2008.
Under the current air waybill Conditions of Contract, Resolution 600b (II) refers to ‘Warsaw Convention’ only, whereas the new Resolution 600b refers to both ‘Warsaw Convention’ and ‘Montreal Convention’. Resolution 600b also specifies 250 French gold francs to be the conversion equivalent of 17 SDR, which provides a direction on how to convert the non-existant French gold francs into a modern currency and achieve a standardised conversion of French gold francs into local currencies.
The current air waybill Conditions of Contract (IATA Resolution 600b (II)) was seen by many as unnecessarily complex and lengthy and generated claim disputes.
When Resolution 600b comes into effect 17 March, 2008, it will replace Resolution 600b (II), which will expire the same day. There will be no overlap between the effectiveness of Resolution 600b and 600b (II). Resolution 600b is applicable to all IATA member airlines participating in multilateral cargo interlining on a world-wide level.
Forwarders should check with their neutral AWB provider/supplier on the new AWB stock.
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