If you are an exporter, you may expect an LC from your buyer whereby the LC is issued by the buyer's bank and transmitted to you via a bank. The bank's duty is to advise this LC to the customer (beneficiary). This process is called Advise of Inward Documentary Credit.

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When an LC has been issued by the Issuing Bank, it will be forwarded to an Advising Bank to be advised to the Beneficiary (Seller)

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Basically, the duty of an Advising Bank is only to verify the authenticity of the LC and to forward the same to the Beneficiary

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Advising Bank will normally call the beneficiary or contact them at the address available on the LC

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The same procedure applies for advising amendment of LC

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Upon receipt of the LC, Beneficiary is supposed to go through the LC and ensure that he is able to comply with all the terms and requirements of the LC. The undertaking given by the Issuing bank to pay is only when all the terms and requirements are complied with or if the Applicant (Buyer) accepts the discrepancy

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With Maybank as the Advising Bank, customer has the advantage of a wide network of correspondent banks

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Advising bank will check the genuineness of the ILC which will reduce the risk of fraud

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Bank can offer financing to the customer upon negotiation of the LC