What is a key characteristic of a negotiable air waybill?

A key characteristic of a negotiable air waybill is that it can be transferred to another party. This type of air waybill acts as a document of title, meaning that ownership of the goods being shipped can be transferred along with the air waybill itself. This transferability is important in international trade, as it allows parties to buy and sell goods in transit without needing to physically handle the items.

Other characteristics mentioned, such as being issued in triplicate, are not necessarily true for all negotiable air waybills, as variations in issuance may exist. The requirement for additional insurance is also not inherently tied to the use of a negotiable air waybill since insurance needs depend on the specifics of the shipment and agreements made between parties involved. Lastly, while air waybills are commonly used for exports, there is no stipulation that a negotiable air waybill cannot be used for exports; rather, it is widely accepted as a suitable document for international shipping transactions.