What is a telex release?

A telex release is a document that is used to release a shipment of goods from the carrier or shipping agent at the port of origin without the need for any physical paperwork or original bill of lading. It is a fast and efficient method for clearing goods at the port and is often used in international trade transactions. The document is sent via telex or email and contains information such as the name of the consignee, the vessel's name, the port of discharge, the destination location, the nature of the goods, and the date of shipment. A telex release eliminates the need for physical bill of lading, which can save time and money for both the shipper and consignee. However, it is important to note that a telex release can only be used if the payment terms have been settled, as it is a release of the consignment without any payment being made.