It’s located in the center of the top movable bit of the ratchet. Pull up the release catch and flip the ratchet completely open up. Set the open ratchet on a table before you decide to so the spiked wheels (cogs) are facing upwards.[one] " Just a quick Observe to http://titusmjcpi.full-design.com/Everything-about-Straps-and-Ratchets-for-Boat-31794639