What is difference between original BL and telex release?
An original Bill of Lading is a paper bill of lading issued to a customer whereas a Telex Release is an electronic release issued in return for the surrender of an original Bill of Lading.
What is the difference between seaway bill and telex release?
An ocean carrier will need all the original copies of the seaway bill to be surrendered at their office. An advantage of the telex release is that cargo will be released at the destination port without having to produce the original seaway bill as they are already surrendered at the port of origin.
What is sea waybill release?
The Express Release Bill of Lading, also known as a seaway bill, is the quickest variation of a bill of lading and is used in cases where the shipper has decided in advance to release their hold on the cargo immediately. In this case, an original is never issued.
When can I use sea waybill?
Well, usually Seaway Bills are used when the shipper has already chosen to sacrifice ownership of the cargo before the shipment even begins. So, the customer purchases the cargo and works it out with the shipper that the cargo is now the buyer’s responsibility.
What is the difference between Express release and Telex release?
When the cargo covered under a Sea Waybill is released, the release maybe termed as Express Release.. Telex Release is issued for a physical set of Original Bill (s) of Lading which is printed, released and surrendered
What is tetelex release in shipping?
Telex release is requested only in the case of Straight Bill of Lading and never on a Negotiable Bill of Lading. When the cargo covered under a Seaway Bill is released, the release maybe termed as Express Release.
What is an express release?
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.
What is the difference between Telex release and original bill of lading?
The destination agent can release the goods to consignee as soon as it arrives without production of any original bill of lading (since none was ever issued) The key difference to note here is that in telex release, an original bill of lading is issued, printed and handed over to the shipper.