What is a Release and When Is It Used?
Release is the order to release the ownership of the goods from the origin to the place of unloading. In every contract of sale there are a seller and a buyer. In international transaction the seller is a person who has the right to change the information of the sent goods. When the shipment is sent, the seller has time to send the bill of lading to the buyer. During this period, the owner of the goods or his representative can complete the customs formalities of the goods.
What does telex release mean?
Telex Release and Release are synonymous. In Telex Release, the seller gives the original bill of lading to the company responsible for shipping, and requests that the bill of lading be released at the destination. At this time, without the need for the original bill of lading, the ownership of the goods is taken away from the seller and given to the buyer. In the meantime, the company that has undertaken the transportation of the goods informs the representative at the destination that the bill of lading is in their hands and the buyer is the original owner of the goods. In simpler terms, Telex Release is a message sent by the shipping agent at the place of loading to the shipping agent at the place of unloading in order to release the ownership of the goods.
Telex is actually a machine like a printer, and at the same time it is capable of sending and receiving text messages such as a telegraph. The messages sent by this machine are called telex. Telex is one of the best means of communication and sending and receiving messages among ships at sea. These devices have been the precursor to the emergence of emails. Telex Release is also an order to release the goods from the origin of the goods. It is important to know that today such messages are sent by e-mail or online systems to all shipping and freight lines.
When is the release used?
When the destination is close and the load arrives quickly after receiving the bill of lading, the seller prepares the required documents such as the certificate of origin, health certificate, packing lists, purchase invoice, required permits and sends the required permits to the buyer by air mail so that the buyer releases the goods and receives the goods. The next use of the release is during the holidays. For example, when goods arrive at Iranian customs on Thursdays or Fridays, or in other countries on Saturdays and Sundays that the customs are closed and there is not enough time to release the goods from customs warehouses, Telex Release can be used.
It is necessary to know that at the time of sending the telex to the customer, you must also send a copy equal to the original of the bill of lading. It is also noteworthy that one bill of lading is issued for each product, as well as a release. When the bill of lading is issued and the customer wants to do the telex release of the goods, he must pay additional costs in this regard and return the bill of lading and cancel it.
Please consider that taking care of the bill of lading is very important because it is one of the important documents in the clearance of goods and customs clearance. And its re-issuance is subject to difficult administrative procedures.
How to receive goods by bill of lading or telex release?
When you receive a product with a bill of lading, the owner of the goods must have the original bill of lading with 3 copies of the bill of lading, one original copy of the second bill of lading and a third copy equal to the original. Submitting an original copy of the bill of lading is only for submission to the Ministry of Commerce and obtaining a certificate of origin.
To receive the goods by Telex Release, the original bill of lading is sent with the freight lines, which is usually a transhipment, and then it is canceled. In order to release the goods from the warehouses, the order for releasing the cargo must be issued via email.
Soltan Yaghoot Co. Ltd
Importation and exportation of goods in our country are very important due to their major and influential role in the economy, and a set of regulations is enacted in this field, which requires cooperation with the company and an expert and experienced person to pass without any problems. Our company is ready to cooperate with you in the field of order registration, obtaining legal licenses, preparing declarations, transportation of goods, transit and transhipment, foreign exchange remittances, customs clearance of goods, etc. In case if you want to get more information please contact these numbers:
+98 28111034
+989121995406