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#carriageofgoodsbyair #mc99 #montrealconvention #airwaybill #commerciallaw By volume its barely a few percentages. But in terms of value, the cargo in air amounts to well over 40% of global transport. #Carriageofgoodsbyair has grown in leaps - to the tune of nearly 10% increase each year. Enhanced safety in air transportation along with the opening of the global geography have made much of the world accessible by air. Still persisting risks as well as the prolonged time duration associated with ocean going traffic have made #carriageofgoodsbyair the chosen option for an increasing types of cargo. Gone are the days of dangers and uncertainties of air travel.Warsaw Convention - the very first international treaty on air transport, made in 1929, mirrored the high risk aspect of air transport that prevailed for many a decade in the previous century. Warsaw convention would go all out to protect the carrier from a multitude of liabilities. However the #MontrealConvention that saw its birth at the turn of the 21st century with far safer air travel as the norm has a different approach to liabilities of the carrier. Caps that kept the compensation owed by carrier under certain limits are almost gone. In their place MC 99 has set a set of rules that are more advantageous to the consignor and the consignee.This is a far cry form the already existing protections provided to ships at sea. Strict liabilities are in place as well, particularly with regard to passenger safety. Electronic Airway Bill has become the norm, indicating momentum of the fast changing industry that's taking up increasing loads of the global traffic of goods.