Tag: Advising Bank
Presentation – Parties to the Letter of Credit
Issuing Bank
Issuing Bank is the bank that issues a letter of credit at the request of an applicant or its own behalf.
Letter...
Banks in Letter of Credit
Banks play a key role in letters of credit transactions. They start and end the L/C operations.
They also decide either refusal of the documents...
Advising Bank
Advising Bank is the bank that advises the letter of credit to the beneficiary. Advising banks act upon the request of issuing banks.
Generally, advising...
Advising Fee
The act of informing the details of a credit or an amendment to the beneficiary is known as advising under documentary credit transactions.
By advising...
Parties to Letters of Credit
This page deals with the parties of the letter of credit.
Main parties of a typical letter of credit transaction are applicant, beneficiary, issuing bank, confirming bank, nominated bank,...
- Advertisement -
