Export and Import Expertise

1324 E 2nd St.
Muscatine, IA, 52761, USA
1(563)277-8002
2765 Boulevard du mono 06 BP: 62048
Lome, Togo, Africa
+228 90 155 155

Mon – Sat: 10 am – 6 pm
Sunday: 12 pm – 5 pm

Telex Release

Jun 28, 2022Introduction to Trade

Telex Release

A Telex Release is an electronic shipping message sent from an agent at the port of loading (POL) to the agent at the port of discharge (POD). This message confirms that the non-negotiable Original Bill of Lading (OBL) has been surrendered to authorities at the POD by the seller/consignor, paving the way for releasing the consignment mentioned in the bill to the customer/consignee without the OBL. Telex Releases are important because they allow for a smooth and efficient shipping process.

If you’re shipping internationally, you may be wondering what a Telex Release is and why you would use one. This can be advantageous for a few reasons.

First, transmitting the message electronically eliminates the possibility of losing important documents. Second, the authorities at the port of discharge will receive the message quickly and securely, as opposed to receiving a physical copy of the bill of lading. Sending a hard copy of the bill of lading may also add to the transaction costs due to detention or demurrage charges that could be applied. Telex release is often used during short voyages as well because the concerned parties have limited time for sending the documents.

Overall, Telex Release can save time and money while also providing a more secure way of shipping your goods internationally. If you have any questions about whether Telex Release is right for your situation, be sure to speak with your shipping company.

How telex release works?

After the relevant OBLs have been surrendered at the point of origin and all the necessary charges have been paid, the agent at the point of origin will establish contact with the agent at the destination port to confirm that cargo can be released. The agent will provide complete details about the cargo, including container number, BOL number, and information about the goods it contains, as well as the time and place of issuance. Lastly, the full name and contact details of the consignee will be given so that they can receive the cargo.

Issuing of Telex Release

After the freight carrier receives the OBL and verifies all the documents, they will issue a Telex Release. This is the first step in the goods clearance process by the authorities at a different port where the shipment has been unloaded. Some carriers insist on paying the entire fees before the Telex Release is transmitted to the receiving agent. Telex Releases are important because they allow shipments to be cleared by customs quickly and efficiently. By having a Telex Release, it assures that all of the paperwork and documentation is in order so that there are no delays in getting your goods released from customs.

How to acquire a telex release?

If you need to obtain a telex release for a bill of lading, there are a few things you should know. First, a telex release is a document that authorizes the release of cargo at one port, even if the shipper has surrendered the original bill of lading at a different port. In most cases, shippers can obtain a telex release by contacting the carrier that issued the original bill of lading. However, some carriers may require a letter of indemnity or charge a fee before issuing a telex release. If you have any questions about obtaining a telex release, be sure to contact your carrier for more information.

Advantages & Disadvantages of Telex Release

Telex Release has its advantages and disadvantages, which are worth taking into consideration before using this type of release for your shipping needs.

Advantages

  • Telex Release is a system that allows shipments to be released without the need for physical copies of documents.
  • Telex Release saves time and money by allowing carriers to release cargo immediately after documents are surrendered, and eliminating the need for printing and stationery.
  • Telex Release is beneficial for both businesses and individuals involved in shipping, as it makes the goods clearance process faster and more efficient.

Disadvantages

When it comes to shipping cargo, the Telex Release is a document that provides a certain degree of control to all parties involved in the process, including the carrier, consignor, consignee, and beneficiary. However, if instructions in the Telex Release are ambiguous or not conveyed accurately, it can cause confusion among all parties involved. This is often due to communication gaps that arise from language barriers. In some cases, such miscommunications can have grave consequences, such as releasing the cargo to the wrong party or not collect prescribed fees.

Another issue to be aware of is fake Telex Release messages that are commonly used by fraudsters. These messages are typically sent via email, which makes it easy for fraudsters to manipulate or forge them. To avoid any problems, it is essential that the receiving office scrutinize every Telex Release message for authenticity and validity. In case of doubt, all details should be confirmed with the sender. As a general rule of thumb, it is always a good idea to verify the contents of the Telex Release received with the office that sent it before releasing the consignment.

Difference between Telex release, Express release and Sea Waybill

When shipping goods, there are three main ways that the recipient can receive the cargo: Telex Release, Express Release, or Sea Waybill. What is the difference between these three methods?

Telex Release is a message that the agent at the point of origin of the goods sends to its counterpart at the destination port to release the cargo without the OBL. The origin agent sends this message after the shipper has surrendered the OBL to the origin agent. Telex messages are sent via email, but the old name has stuck on.

In an Express Release, no OBL is issued. So, the destination agent can release the goods to the consignee as soon as it arrives. The key difference here is that, in a Telex Release, the OBL is issued, printed, and submitted to the shipper, who later hands it over to the origin agent. But, in an Express Release, no BOL or OBL is requested or issued.

Lastly, a Sea Waybill is a contract of carriage that does not need to be surrendered at the port of destination in order for the cargo to be released. A Sea Waybill can only be used if the goods are being shipped by sea.

So, when shipping goods, Telex Release, Express Release, and Sea Waybill are all options to consider. Depending on the shipment, one option may be better than the others. Knowing the difference between these three methods can help ensure that your goods arrive at their destination safely and on time.

Difference between Telex release and Bill of lading

When importing or exporting goods, you may come across the terms “telex release” and “bill of lading” (BOL). But what’s the difference between these two documents?

Simply put, a BOL is a document that outlines the details of a shipment, including who is shipping the goods, who is receiving them, and what is being shipped. A telex release, on the other hand, is an electronic version of a BOL.

In most cases, you will need to present a BOL in order to receive your merchandise at the destination. However, if you have a telex release, you can use that instead. Telex releases are often more convenient than BOLs because they can be sent electronically, without the need for couriers or other physical copies.

Keep in mind that you may still need to present a BOL when picking up your goods. Telex releases are not always accepted, so it’s always a good idea to check with your shipping company beforehand.

FAQs

How to check telex release

In order to check a Telex Release, you must first obtain written authorization from the principal. Shipping lines usually include detailed Telex Release procedures in their agency manual, which outlines the standard procedures to be followed by both the receiving and releasing agent. It is important to follow these procedures strictly in order to avoid any delays or issues with your shipment.

Is telex release the same as surrender?

A Telex Release is an electronic communication from the receiving agent to the releasing agent confirming that the shipper has provided the OBL and the goods can be released. Surrendering simply means collecting the BOL at the point of export. Telex releases are a way for shipping companies to speed up the process by having everything done electronically.

Related

Latest News

Commodity Trade Finance

Commodity Trade Finance

Commodity trade finance is the process of securing funding for the purchase of commodities. This can be done through a number of different methods, including letters of credit, documentary collections, and factoring. In this blog post, we will discuss the different...

Should we export our product?

Should we export our product?

Business has gone international. New electronic and logistics technologies have narrowed distance, cutting down on time-consuming aspects of trade that used to be necessary for reaching customers across countries; while agreements open markets up even more by removing...

0 Comments

RSS
Follow by Email
LinkedIn
Share
WhatsApp
× Connect on WhatsApp Available from 09:00 to 17:00 Available on SundayMondayTuesdayWednesdayThursdayFridaySaturday