Corresponding bank in the beneficiary's country to which an issuing bank sends a letter of credit.

Advising Bank is usually in the country of the seller, whose primary function is to authenticate the letter of credit and advise it to the seller, Purchase and collection of Export Bills.

A bank, operating in the exporter's country, that handles LETTERS OF CREDIT for a foreign bank by notifying the exporter that the credit has been opened in his or her favor.

A bank operating in the seller's country, that handles letters of credit in behalf of a foreign bank.

Advising bank is the bank that advises the letter of credit at the request of the issuing bank.

A bank instructed by an Issuing Bank under a Letter of Credit, usually in the country of the Beneficiary, to communicate the terms of the Letter of Credit to the Beneficiary, to accept presentation of documents and to effect payment under the Letter of Credit.

A bank in the beneficiary’s country – usually a correspondent of the issuing bank – through which the issuing bank communicates the credit to the beneficiary. It may also be asked to confirm and/or pa [..]

A bank giving notification of the issuance of credit by another bank is an advising bank. An advising bank is a correspondent bank handling letters of credit for a foreign bank. It is also known as no [..]

Also known as the notifying bank. This is the bank operating in the exporter's country which handles letter of credit on behalf of the foreign bank, by notifying the exporter that the credit has [..]

A bank operating in the country of the seller which handles Letters of Credit on behalf of a Foreign Bank.

A bank operating in the exporter’s country that handles letters of credit for a foreign bank by notifying the exporter that the credit has been opened in his favor.

The bank which advises the seller that a letter of credit has been opened in his favour by the buyer, however, the advising bank does not necessarily guarantee payment.

A bank, usually in the country of origin, that receives a letter of credit from the issuing bank and advises the shipper, or other party named in the letter of credit as the beneficiary, that a letter of credit has been opened in their favor and of the steps they must take to collect payment. The advising bank assumes no obligation to pay the credi [..]

Bank, usually in the country of the seller, whose primary function is to authenticate the letter of credit and advise it to the seller.

A bank normally located in the country of residence of an Exp orter, used by an Importer's bank to validate the authenticity of a Letter of Credit before the Letter of Credit is passed to the Exporter

The correspondent bank that has been asked to pass a letter of credit on to the beneficiary by the opening bank. The advising bank authenticates signatures, only, and has no other undertaking with regard to the letter of credit.

Corresponding bank in the beneficiary's country to which an issuing bank sends a letter of credit.