What is a Telex Release? | Express bill of Lading vs Telex release
ThisallowsthecargotobereleasedtotheconsigneewithouttheneedofanyphysicalpresenceoftheOriginalBillofLadingbeforesuchrelease.Inotherwords,aTelexReleasesignalsthattheOBLisnotasimportantasitwouldotherwisebe.ATelexReleaseistypicallypreparediftheOBLcannotbemailedtothedestinationearlyenoughforcargoreleasewithoutthecommoditiesincurringstoragecharges.UsingaTelexReleasecansaveonmailingcostsespeciallywhenthepaymentissecuredfromthebuyer.It’sessentiallyamessageconveyinginstructionsfromtheloadportagenttoth...
This allows the cargo to be released to the consignee without the need of any physical presence of the Original Bill of Lading before such release. In other words, a Telex Release signals that the OBL is not as important as it would otherwise be.
A Telex Release is typically prepared if the OBL cannot be mailed to the destination early enough for cargo release without the commodities incurring storage charges. Using a Telex Release can save on mailing costs especially when the payment is secured from the buyer. It’s essentially a message conveying instructions from the load port agent to the discharge port agent.
Since the Telex Release is only issued when the Original Bill of Lading[1] is not needed physically, let’s touch on the OBL.
What is OBL (Original Bill of Lading)?It’s a physical paper bill of lading issued to a customer/shipper at the port of lading by the carrier. There is technically no document with the title ‘Original Bill of Lading.’ I...