MarineLink News Search

Ship Agents Face Increasing Pressure From Telex Releases

International Transport Intermediaries Club (ITIC) said that mistakes in arranging so-called ‘telex releases’ are a frequent and growing source of claims against ship agents. ITIC points out that this practice – whereby liner agents frequently have to arrange for cargo to be released against bills of lading surrendered at the port of loading – is risky, as no bill of lading is collected at the discharge port, and misdelivery of cargo frequently results.