who is advising bank in trade
the concept of second advising bank is not clear and needs approval from issuing bank since as per article 2 advising bank is the bank that advises the credit at the request of the issuing bank. my position is 2nd advising bank has a separate definition; employed by the first advising bank. this is a authority vested to advising bank from the UCP. because of its unique characteristics and no reference in other articles, the definition is put in article 9 instead of article 2.