Transportation Specialist Question:
Please explain 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
☛ 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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