WHAT IS TELEX RELEASE? LEARN ABOUT TELEX RELEASE

In the field of import and export, the term “Telex Release” often causes confusion for many people. So, what exactly is Telex Release? Let’s explore this concept with Smart Link through the article below!

What is Telex Release?

It is a method of shipping that allows the consignee to receive goods without needing the original bill of lading. This process helps speed up and simplify the delivery process.

In practice, this method works by the shipping line communicating with its agent to release the goods and issuing a “Surrender Bill” to the shipper. The shipper can print a bill of lading (BL) with the notation “Surrendered” or simply send a confirmation code to notify that the shipment has been released.

It is only applied when the bill of lading is a named bill and cannot be used with a negotiable bill of lading (To order BL). This means that TR is only applicable for shipments where the original bill of lading has been issued and retrieved at the port of loading. Therefore, many carriers refer to this as a surrendered bill of lading at the port of origin.

Typically, the use of a “Bill Surrender” incurs an additional Telex Release fee, ranging from 25 to 30 USD per bill.

When to Use Telex Release?

There are several specific situations where it is commonly used, including:

Delivery to the consignee’s office: When the shipper sends goods to their partner’s office abroad without needing the original bill of lading.
Document processing delays: This is a common scenario where the shipper cannot prepare the necessary documents in time, while the goods have already arrived and the consignee has not yet received the original bill of lading.

Differences Between Telex Release and Telex Express

Many people confuse Telex Release with Telex Express. Below are some key differences:

Technically: Telex Release is only used with a named bill of lading, whereas Telex Express can be applied when no bank-related documents are involved.
Speed of goods release: Both methods expedite the release of goods, but Telex Express is generally faster than Telex Release.
Payment aspect: Telex Express usually ensures payment when no other documents are available, whereas Telex Release focuses more on delivering goods to the consignee’s office rather than payment.

Advantages and Disadvantages of TR Bill

Like other methods, TR Bill has its own pros and cons:

Advantages:

Goods are transported and received quickly, saving time.
Accompanying documents, such as the surrender bill, can still be used to supplement contracts and confirm the legality of the transaction.
The shipper retains control over the goods even when notifying the consignee that the goods have arrived.

Disadvantages:

The TR fee ranges from 25 to 30 USD per bill, typically paid by the exporter when using the surrender bill.

We hope the information provided has helped you better understand the concept of Telex Release and its applications in import-export operations.

Conclusion

We hope that the information shared by Smart Link helps readers gain a better understanding of Telex Release. Thank you for taking the time to follow this article! We hope that the insights provided will be helpful to both individuals and exporting companies.

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If you require assistance with international import and export of goods, please contact our team at Smartlink Logistics. We are available to provide you with professional guidance on our services and the necessary customs procedures.

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