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FrançaisA notice sent to a local or foreign buyer advising that shipment has gone forward and containing details of packing, routing, etc. A copy of the invoice is often enclosed and, if desired, a copy of the bill of lading.
Read MoreAdvised letter of credit L/C
A letter of credit whose terms and conditions have been confirmed by a bank. See letter of credit.
Read MoreAdvising bank
The bank that notifies the exporter of the opening of a letter of credit in his or her favour. The advising bank, usually located in the exporter´s country, fully informs the exporter of the conditions of the letter of credit…
Read MoreAdvisory capacity
A term indicating that an agent or representative is not empowered to make definite decisions or adjustments without approval of the principal represented. This is the opposite of without reserve.
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