{"@context":"https://schema.org","@type":"DefinedTerm","name":"advising bank","description":"Unlike the confirming bank, the advising bank in a documentary letter of credit transaction assumes no payment obligation of its own. It verifies the authenticity of the credit issued by the issuing bank and notifies the beneficiary – typically the exporter – of its terms. Usually the exporter's bank in the country of export, it serves as an information intermediary between the importer's issuing bank and the seller. Its liability is limited to exercising due care in the authentication process; ","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/advising-bank","inLanguage":"en","dateModified":"2026-06-23T13:51:49.642322","citation":"https://www.iccwbo.org/trade-finance/ucp-600/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/advising-bank","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"advising bank · Unlike the confirming bank, the advising bank in a documentary letter of credit transaction assumes no payment obligation of its own. · Quelle: https://www.iccwbo.org/trade-finance/ucp-600/"}