Notify Party

Notify party defines the party to be notified about the cargo at the destination in the bills of lading. While the buyer of the goods is the consignee, that is, the importer, the notify party is usually a customs broker or shipping agent. If the payment is made by letter of credit, what will be written in the "notify" section is specified in the letter of credit. In sales against documents, the notify part is usually the bank.