What Is The Advice Of Shipment And Advising Bank?

1.	What Is The Advice Of Shipment And Advising Bank?
Answer» Advice of shipment: It is a notice sent to a foreign BUYER or local TRADER informing them that the shipment has processed forward and carried information about packing, ROUTING, etc. A copy of the invoice is often sent with it and if recommended a copy of landing also attached ALONG with that. Advising Bank: Advising bank is a bank operating in the seller’s country, that HANDLES letters of credit in behalf of a foreign bank

Answer»

Advice of shipment: It is a notice sent to a foreign BUYER or local TRADER informing them that the shipment has processed forward and carried information about packing, ROUTING, etc. A copy of the invoice is often sent with it and if recommended a copy of landing also attached ALONG with that.
Advising Bank: Advising bank is a bank operating in the seller’s country, that HANDLES letters of credit in behalf of a foreign bank

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