4. Advising Bank
- Advising bank is the bank that passes letter of credit to the beneficiary. UCP 600 describes advising bank as « the bank that advises the credit at the request of the issuing bank»
- Advising banks mostly located on the same country with the beneficiaries.
- Advising banks have very limited responsibilities against beneficiaries. Their main responsibility is to advise the credit to the beneficiaries.
- They have no payment obligation unless they are also the confirming bank.
