What is the main difference between Airway Bill and Bill of Lading?

B/L IS A RECEIPT OF GOODS BY THE SHIPPING CO. WITH AGREEMENT TO DELIVER AT DESTINATION TO THE ONLY PARTY THE B/L IS CONSIGNED TO.  SO B/L IS A TITLE DOCUMENT.

WHEREAS AIRWAY BILL IS SIMPLY A RECEIPT OF GOODS BY THE AIRLINE OR AGENT SHOWING PLACE OF DELIVERY.  BUT AIRWAY BILL IS NOT A TITLE DOCUMENT.

AWB refers to Shipment through Air

BL is refer to shipments by Sea 

THe Bill of Lading is for land transportation

 THe Airway Bill of Lading is for air transportation

air way bill refers to document for air shipped products,it is differs according to whether it is issued by the air line itself(called master=mawb),or been issued by a freight forwarder or agent(third party)(called house =hawb)

also it is issued inculded the rate of charges for the shippement & whom it is billed to .

bill of lading refers to document issued for sea shipped cargos , also differs whether been issued by the marine line it self(mbil)or third party issue(hbil)

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Airway Bill refers to Shipment through Airways and Bill of Lading refers to Shipment through Ship via Sea.