What is advising Bank?
Submitted by: MuhammadAdvising Bank is bank operating in an exporter's country that handles letters of credit (see Letter of Credit) for a foreign bank by notifying the exporter that the credit has been opened in its favour. The advising bank lets the exporter know exactly what the conditions of the letter of credit are but isn't necessarily responsible for payment.
Submitted by: Muhammad
Submitted by: Muhammad
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