Telex Release Bill of Lading 

2. Telex Release Bill of Lading 

• Definition: This is a paperless process where the carrier or freight forwarder sends a release instruction (via telex or email) allowing the consignee to collect the goods at the destination port.
• Characteristics:
  • No need to mail the original bill, speeding up cargo delivery.
  • Typically used between trusted trading partners, such as for prepaid transactions or long-term partners.
  • Requires the surrender of the original bill at the port of origin before applying for telex release.
• Usage: Suitable for urgent shipments or situations where the buyer wants to receive goods quickly.