A telex release is typically issued by the freight carrier after all original copies of the bill of lading are surrendered. Some carriers require payment of all fees before the telex release is transmitted to the receiving agent. Shippers and forwarding agents can usually obtain the necessary information by contacting the carrier who issued the original bill of lading.
Also known as a telegraphic transfer, a telex release is typically delivered by email and incurs additional expenses. Ideally, a telex release is quick and convenient, but issues with paperwork can cause delays and may increase costs. It is not a replacement for a bill of lading. Instead, a telex release is a convenient option for shippers who do not need original documents for their accounting or legal records.
A shipping company or forwarding agent can request a telex release in the original bill of lading instructions. When this occurs, the carrier can ship the freight without the original bill and minimize the risk of lost or stolen documents. A shipment that requires third-party transportation services may be delayed if the original papers are not available. The shipping company should provide confirmation of the original bill along with details of the freight contents.
In some cases, a telex release may be requested because of a problem with the original bill of lading. If the documents are lost, stolen or otherwise inaccessible, the shipper must request a telex release from the shipping company. This process is generally quite time-consuming and often results in additional charges for freight storage. The carrier sends the telex release when the original bill of lading is located or when a letter of indemnity from the shipper is provided.