What is the difference between a telex release and express ... | Telex Release vs surrender BL
TelexreleasevsexpressreleaseOftentimesexporters/importerswillhearthetermstelexreleaseandexpressrelease.Boththetermsareoftenusedinterchangeably.Thisisbecausebothreleasesallowtheconsigneetotakedeliveryofgoodswithoutproducingtheoriginalbillofladingatthedestination.Althoughtheendresultisthesame,thesearetwoverydifferenttermsanditisimportanttoknowthedifference.Telexrelease,asthenamesuggests,isatelexmessagethattheoriginagentorshippinglinesendstoitscounterpartatthedestinationtoreleasethecargowithout...
Telex release vs express releaseOften times exporters/importers will hear the terms telex release and express release. Both the terms are often used interchangeably. This is because both releases allow the consignee to take delivery of goods without producing the original bill of lading at the destination. Although the end result is the same, these are two very different terms and it is important to know the difference.
Telex release, as the name suggests, is a telex message that the origin agent or shipping line sends to its counter part at the destination to release the cargo without production of the original bill of lading. The origin agent will send this message only after the shipper has surrendered the original bill of lading to the origin agent. These days telex has been replaced by emails but the name has stuck on.
Express release, on the other hand means, that no original bill of lading was issued in the shipping instructions to the carrier. The destin...