Advisory capacity

ADVISORY CAPACITY
A term indicating that shipper's agent or representative is not empowered to make definitive decisions or adjustments without approval of the group or individual represented.
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Advisory Capacity:
A term designating the fact that the powers of a shipper's agent or representative abroad are limited, and that he is not authorized to take decisions or make adjustments without previously referring to his principals.

A group of economic advisers appointed by the President to help formulate economic policy. This group typically consists of three members, who work in an advisory capacity and are not responsible for actual implementation of the policy.

Also, be prepared to show you have access to experienced management staff. These individuals need not be on your payroll but you should expect to show that you have a depth of experience and talent available to you at least in an advisory capacity.

The Chartered Financial Analyst often works for a mutual fund, bank, or related financial institution in a portfolio management, security analysis, or investment advisory capacity.

See also: Banks, Dumping, Inland bill of lading, Bill of lading, Through bill of lading