Advantages and disadvantages of releasing the B/L by telex

Advantages

1. Speed up customs clearance and reduce trade risks

The telex release bill of lading replaces the original mailing documents and is issued in the form of electronic information, which is naturally much faster than the mailing speed. Generally, it will not delay the timely customs clearance of goods, greatly reducing the possibility of goods piling up at the port, reducing the cost of goods storage at the port, and reducing unnecessary expenses for customers.

2.Avoid document loss

The B/L sent by mail is easily lost or some unpredictable situations occur during transportation，the telex release B/L will be not.It effectively saves time and retains the original documents, and the transmission process is simple and safe.

3.Telex release B/L is simple and quick

The operation process is very simple, only need to express the content of the original bill of lading in the form of electronic files, a few minutes can effectively realize the electronic bill of lading delivery, save time and worry.

Disadvantages

The problem of right of goods, because the telex bill of lading is only a copy of the document or a copy, there is no actual right of goods to speak of. If the consignee uses the method of telegraphic release before payment, it is likely that the consignee will take advantage of the loophole and refuse to pay. Therefore, it is very important to use the bill of lading correctly, otherwise it will cause serious losses.

How to use

1.The consignee can make the telegraphic release after receiving the payment， which is the most effective measure to avoid risks.

2.Before the cooperation between enterprises and customers, it is necessary to have a clear understanding of the financial situation of customers and avoid risks carefully.

3.From the perspective of the consignee, the consignee also needs to make necessary investigation and understanding of the consignor to avoid the phenomenon that the payment has been paid but not delivered.

Applicable countries

But not all countries can do it.For example, countries exporting to South America, Chile and other countries require the original bill of lading, and also provide certificates such as certificates of origin.It is suggested to communicate with the consignee / forwarder in advance to avoid unnecessary loss and delay the speed of import and export.