Is Telex Release B/L Revocable? How Can Enterprises Prevent Risks?

Can Telex Release Be Revoked After Its Implementation? How Can Enterprises Prevent Risks?

With the continuous development of international trade, telex release has been widely used as a convenient logistics method. However, in practice, whether telex release can be revoked after its implementation and how to prevent risks have become focal issues for some enterprises. This article will combine recent news reports, appropriately quote relevant information, discuss these issues, and propose some risk prevention measures that enterprises can adopt.

I. Telex Release and Its Legal Effectiveness

Telex release refers to the carrier handing over the bill of lading through electronic means to the consignee, who can then collect the goods with the electronic bill of lading without providing the original bill of lading. This logistics method greatly simplifies the traditional cargo collection process and improves logistics efficiency. However, it should be noted that telex release does not affect the legal effectiveness of the original bill of lading. The consignee still needs to hold the original bill of lading to obtain ownership of the goods.

II. The Issue of Reversing Telex Release

Generally speaking, after telex release, the consignee has already collected the goods based on the electronic bill of lading, so applying to revoke the telex release at this point is illogical. Because revoking telex release implies that the consignee has not yet completed the cargo collection, which contradicts the actual situation. Of course, in some special cases, such as disputes or controversies between the carrier and the consignee, the consignee may attempt to apply for the revocation of telex release. However, such an application requires mutual agreement between both parties and the signing of relevant agreements. In practice, enterprises should try to avoid situations that lead to disputes or controversies to reduce the necessity of revoking telex release.

III. How Enterprises Can Prevent Risks

1. Strictly Review Electronic Bills of Lading Enterprises should ensure that the electronic bill of lading provided by the consignee matches the actual goods to avoid errors in recognizing the goods or discrepancies in quantity. At the same time, the transmission process of the electronic bill of lading should also be strictly monitored to ensure its authenticity and validity.

2. Establish Effective Communication Mechanisms Enterprises should establish effective communication mechanisms with carriers, logistics companies, and other partners to timely understand the status of goods and related information. In case of any anomalies, they should promptly communicate and take corresponding measures to avoid unnecessary risks.

3. Timely Obtain Cargo Collection Information Enterprises should closely monitor the cargo collection information provided by the carrier and understand the consignee's collection status. If unauthorized or abnormal collections occur, timely measures should be taken, such as suspending transportation or contacting relevant departments.

4. Strengthen Risk Assessment and Early Warning Enterprises should regularly conduct risk assessments and early warning work, pay attention to changes in relevant laws, policies, and market dynamics, and adjust their business strategies and risk control measures in a timely manner.

5. Establish Emergency Plans For potential risks and problems, enterprises should formulate corresponding emergency plans to respond quickly when issues arise, minimizing losses.

In summary, telex release, as a convenient logistics method, carries certain risks in practice. Enterprises should enhance their awareness of risks and adopt effective risk prevention measures to ensure the smooth progress of the logistics process. At the same time, enterprises should also focus on changes in relevant laws, regulations, and policies to adapt to the ever-changing market environment.