Telex Release and Express Release
These are terms that still confuses many people in the industry.. The confusion occurs when these terms are loosely used instead of using it in the strict sense..
The definition of the two terminologies is as below :
- A Telex Release is simply a message that is sent by the shipping line or agent at load port to their office or agent at discharge port advising that the shipper or exporter has surrendered one or all of the original bills of lading that have been issued to them, and that the cargo can be released to the consignee shown on the bill of lading without presentation of any original bills of lading.. This usually is requested only if the consignee is a direct consignee (not a bank or To Order)..
- An Express Release is used in “express” situations such as :
- when the shipper and consignee are part of the same group and there are no negotiations required between the two either directly or via bank for release of the cargo
- the shipment doesn’t involve any bank and the shipper doesn’t really need to submit original bill of lading to secure his payment
- when the shipper doesn’t have the time to print the original bills and courier the same to the consignee
- the shipper is a freight forwarder and he wants to issue a house bill of lading to his customers
When the cargo covered under a Sea Waybill is released, the release maybe termed as Express Release..
The KEY DIFFERENCE between the two is that
- Telex Release is issued for a physical set of Original Bill(s) of Lading which is printed, released and surrendered
- Express Release is issued for a Sea Waybill of Lading for which there is NO Original Bill of Lading issued
So, Telex Release and Express release are NOT THE SAME..
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