What is the different between telex release and sea waybill?

Answer 1

TELEX RELEASE

Under a telex release, delivery may be effected by the surrender of all three (3) original Bills

of Lading by the shipper to the carrier at the port of loading.

This must be accompanied by the Shipper's explicit written instructions and authorization to the carrier to allow release of the goods to a named Consignee.

Cargo will be released to the party named in the telex release against proper proof of identity.

Cargo receivers should acknowledge, by placing their signature on a relevant Letter, that they

note and are aware of the terms and conditions of carriage.

EXPRESS OR SEA WAY BILLS OF LADING

Goods carrier under a Sea Way Bill of Lading are carried pursuant to the carrier's Standard Terms and Conditions.

Sea Way Bills of Lading are non-negotiable documents. They are receipts for shipped goods and will be

issued by the carrier identifying both the shipper and the person to whom delivery should be made.

Cargo will be released to the party named in the Sea Way Bill of Lading as Consignee against proper proof

of identity. Cargo receivers should acknowledge, by placing their signature on the relevant Letter of Indemnity for

release under Sea Way Bills, that they note and are aware of the terms and conditions of carriage.