The Freight Release endorsement is an important document in the process of transporting goods by sea, as it enables the consignee or their agent to take possession of the goods once they arrive at the port. Without a Freight Release endorsement, the goods will not be released upon arrival at the port, which can result in delays and additional costs, such as demurrage charges.

Importance of Freight Release

Demurrage charges are fees that are incurred when goods are not picked up within the allotted free days at the port. These charges can be significant, averaging around $100-$150 per day, and can increase during peak seasons or at certain port locations. To avoid these issues, it is important to ensure that all freight charges are paid in a timely manner and that the Freight Release endorsement is obtained.

The Freight Release endorsement is typically issued by the steamship line and is included on the original Bill of Lading, but it may also be sent as a separate document. If the original Bill of Lading is not available or has been surrendered at a port other than the discharge port.

Alternatives to Freight Release

Telex Release is a substitute for Freight Release that is used when the original Bill of Lading is not physically present at the port of discharge. It is typically used when the original Bill of Lading has been surrendered at a different port or when the cargo arrives before the Bill of Lading. To obtain a Telex Release, the consignee or their agent must provide the necessary documentation and pay any outstanding charges to the steamship line or their agent.