WHAT DOES TELEX RELEASE MEAN?
Telex Release means that carrier is ready to transfer the cargo to the consignee. Typically, carriers carefully watch over the payment of all fees declared in the bill of lading, and after that make release.
Telex Release is also known as an Express Bill of Lading. What happens here is that the Shipping Company issues an Original but they do NOT give the original to the Shipper. Shipper once the don’t have questions from the Consignee on payments of goods stamp special form and send it the Carrier, in return the carrier mark the Bill of Ladding with Telex Release chop and mark SURRENDERED in their internal system. It automatically can be used by consignee on their side WITHOUT an Original at destination.
HOW TO CLASSIFY YOUR GOODS FOR EXPORT?
At first glance it seems simple matter. However, it might be difficult. The Commodity Code (HS CODE) is organized into 21 sections and 97 chapters, accompanied with general rules of interpretation and explanatory notes. In order to classify goods it’s necessary to know full description of the goods (size, specification, material composition and so on). Classifying your goods correctly will help to ensure that you pay the right duty for import-export and VAT and know whether import or export certification is required. Incorrect classification can lead to your goods being delayed or/and possible financial penalties.
Upon receipt of the goods in case of shortage or damage, you should suspend the discharge and call the representative of the Chamber of Commerce, or surveying services for activation of the accident. These measures should be taken on a mandatory basis, as without this document you cannot claim to the carrier and put forward the requirements of the compensation for the damaged goods. Unfortunately, just photos are not enough, because they are not supposed to be an official document.