Glossary

Bank Release

Tags: Glossary

Transfer of goods or documents held by a bank.

What is a Bank Release?

Bank release refers to the process by which a bank releases or transfers control over goods or documents held as collateral or security. In logistics and supply chain transactions, banks may hold documents, such as bills of lading or warehouse receipts, or physical goods as security for loans, payments, or other financial arrangements.  

 

A bank release occurs when the bank, upon satisfaction of specified conditions or repayment of obligations, transfers ownership or control of the goods or documents to the rightful owner or authorized party, enabling the goods to be further processed or delivered. 

Related Glossary terms

Ready to get started?

Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

Share the Article