  Neutron star binaries, which are among the most promising sources for the
direct detection of gravitational waves (GW) by ground based detectors, are
also potential electromagnetic (EM) emitters. Gravitational waves will provide
a new window to observe these events and hopefully give us glimpses of new
astrophysics. In this paper, we discuss how EM information of these events can
considerably improve GW parameter estimation both in terms of accuracy and
computational power requirement. And then in return how GW sky localization can
help EM astronomers in follow-up studies of sources which did not yield any
prompt emission. We discuss how both EM source information and GW source
localization can be used in a framework of multi-messenger astronomy. We
illustrate how the large error regions in GW sky localizations can be handled
in conducting optical astronomy in the advance detector era. We show some
preliminary results in the context of an array of optical telescopes called
BlackGEM, dedicated for optical follow-up of GW triggers, that is being
constructed in La Silla, Chile and is expected to operate concurrent to the
advanced GW detectors.
