MSI's Singapore law firm member Tito Isaac & Co LLP discusses the use of telex releases in lieu of original bills of lading for the release of cargo to consignees.
By convention in carriage of goods by sea, goods are generally released by the carrier to the consignee against original bills of ladings (“OBL”) furnished by the consignee at the port of discharge (“POD”). Telex releases (“Telex Release”) are regularly utilised for the release of cargo to the consignee, in lieu of an OBL to meet the demands of increasingly short timelines for commercial transactions and delivery of cargo. This article briefly discusses the use of Telex Release.