What is the difference between a Telex Release and a standard BOL (Bill of Lading)?
BILL OF LADING
A standard Bill of Lading (BOL) is a transferrable document issued by the carrier of a shipment that acts as a title for the goods during the transport process to ensure shippers receive payment and buyers receive their product. The BOL details the terms of sale and serves as a receipt and release mechanism for cargo. The Bill of Lading must be surrendered to the carrier before the goods can be released at their destination.
TELEX RELEASE
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.
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