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What is "Telex release" or Surrendered Original B/L?

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What is "Telex release" or Surrendered Original B/L?

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  1. In Shipping term the common use is FOB or CIF.  Which translate to Free On Board and Currency, Insurance & Freight.  As for telex release it is usually the return of the 3 signed original Bill of Lading  to the respective agent in your port of call for the release of your cargoes together with your import permits.

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