☛ Advice of shipment: It is a notice sent to a foreign buyer or local trader informing them that the shipment has processed forward and carried information about packing, routing, etc. A copy of the invoice is often sent with it and if recommended a copy of landing also attached along with that.

☛ Advising Bank: Advising bank is a bank operating in the seller's country, that handles letters of credit in behalf of a foreign bank