Bill Of Lading - Telex, Surrendered, and Original (2024)

FAQs

Is surrendered bill of lading the same as 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.

Shipping documents or contracts of carriage are known as an Original Bill of Lading (OBL). These are used to identify and track the shipment of goods. A Surrender Bill of Lading is a legal document produced by an exporter to transfer ownership of the shipped goods to the importer.

A Telex Release is a message sent by a cargo agent at a port of origin to a port at the final destination of a shipment. A Telex Release signals that the shipper has surrendered the Bill of Lading that was issued to them.

An express bill of lading is a type of bill of lading (B/L) in which the carrier is obligated to deliver the goods to the named consignee and no original bills of lading (OBL) are issued at all.

Difference between Telex Release and Express Release

We now have the Telex Release and Express Release. The significant difference lies in the fact that for a Telex Release, a physical OBL (Original Bill of Lading) is issued, printed, and surrendered. However, for an Express Release there is NO Original Bill of Lading.

There are three original bills of lading because they are required by the carrier, the shipper, and the consignee.

This document must be surrendered to the carrier. As long as the shipper retains the original bills, they may receive payment prior to the release of the originals to the consignee or buyer.

Types of Bills of Lading

Inland bill of lading. Ocean bill of lading. Through bill of lading. Negotiable bill of lading.

The problem of right of goods, because the telex bill of lading is only a copy of the document or a copy, there is no actual right of goods to speak of. If the consignee uses the method of telegraphic release before payment, it is likely that the consignee will take advantage of the loophole and refuse to pay.

The advantages of using a Telex Release:

Using a Telex Release means that goods are released earlier as documents don't need to travel from origin to destination. Additionally, paperwork is easier and faster than the alternative — getting multiple original documents when making payments against shipping. Cost savings.

Is Sea Waybill the same as telex release? ›

Is Seaway Bill the same as a Telex release? A Telex Release is issued for a physical set of Original Bill(s) of Lading which is printed, released and surrendered. Whereas, Express Release is issued for a Seaway Bill of Lading.

A Telex Release is simply an electronic message used to release cargo once the Original Bill of Lading documents have been surrendered at origin. Telex Releases are specifically used when a physical set of Original Bill of Lading documents is printed and issued by the carrier.

Surrender BL is a legal document issued by the exporters to terminate their ownership over the sent goods and transfer it to the importer.

Telex Release: Essentially an electronic message that signals the release of cargo at the destination port without the need for an original bill. This process speeds up the release of shipments, especially in situations where physical documentation might not reach the destination in time.

At first glance, there doesn't seem to be much of a difference between release and surrender. It's true that the distinction is subtle, yet it's markedly there. Releasing is letting go of something outside of God, whereas surrendering is a falling into God.

Surrender BL is a legal document issued by the exporters to terminate their ownership over the sent goods and transfer it to the importer.

What Is a Telex Release? Also known as a release bill of lading, telex bill of lading, and telegraphic transfer, a telex release is an email message containing bill of lading information that allows a carrier to release goods to a designated recipient without having the physical, original bill of lading in hand.

Is Seaway Bill the same as a Telex release? A Telex Release is issued for a physical set of Original Bill(s) of Lading which is printed, released and surrendered. Whereas, Express Release is issued for a Seaway Bill of Lading.