Telex Release | Telex Release vs surrender BL
Hasyourseafreightconsignmentbeendelayedbecauseyoudidnotreceivetheoriginalbilloflading[1]forclearancefromtheshipperontime?Wastheoriginalmisplaced?Didyouhavetogothroughnumerousphonecallsandmomentsofanxietytogettheoriginalssenttoyoubytheshipperorconsignor?Well,ifyouansweredYEStoanyofthesequestions,thenatelexreleaseistheanswertotheseissues.Considerthissituation:CompanyAinDubai,UnitedArabEmirates[2]sendsaconsignmentofsparepartstocompanyBinBahrain.ThevoyagetakesonedaybetweenJebelAli,UAEandPortKhal...
Has your sea freight consignment been delayed because you did not receive the original bill of lading[1] for clearance from the shipper on time? Was the original misplaced? Did you have to go through numerous phone calls and moments of anxiety to get the originals sent to you by the shipper or consignor?
Well, if you answered YES to any of these questions, then a telex release is the answer to these issues.
Consider this situation:
Company A in Dubai, United Arab Emirates[2] sends a consignment of spare parts to company B in Bahrain. The voyage takes one day between Jebel Ali, UAE and Port Khalifa Bin Salman, Bahrain. For urgent delivery to one of its customers, company B wants to clear this consignment immediately on arrival.
Preparation, printing, and authorization of shipping documents will take half a day. The fastest courier company from Dubai takes a day for delivery to the customer’s office.
It would therefore take a minimum of one and a ...