The Confirmed And Unconfirmed Letter of Credit is a crucial financial instrument in Malaysian international trade transactions, providing security and payment assurance to parties involved in cross-border commerce. This document type is governed by Malaysian banking laws, particularly the Financial Services Act 2013, while also following international banking practices under UCP 600. It is commonly used when businesses require a secure payment method for international transactions, with the option of having additional bank confirmation for enhanced security (confirmed) or maintaining the basic issuing bank guarantee (unconfirmed). The document specifies payment conditions, required documentation, shipping terms, and compliance requirements, making it essential for risk mitigation in international trade under Malaysian jurisdiction.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Letter of Credit Number and Date: Unique reference number and issuance date of the Letter of Credit
2. Type of Credit: Specification of whether the credit is confirmed or unconfirmed, irrevocable, and any other relevant characteristics
3. Parties Information: Details of the applicant (buyer), beneficiary (seller), issuing bank, and confirming bank (if applicable)
4. Amount and Currency: Credit amount, currency, and any tolerance levels permitted
5. Expiry Date and Place: Validity period of the Letter of Credit and location where documents must be presented
6. Shipment Terms: Latest shipment date, partial shipments, transhipment permissions
7. Payment Terms: Method of payment (sight, deferred payment, acceptance, or negotiation) and execution details
8. Document Requirements: List of required documents for presentation and their specific requirements
9. Bank Charges: Allocation of banking charges between parties
1. Transfer Conditions: Include when the Letter of Credit is transferable, specifying conditions and procedures for transfer
2. Back-to-Back Provisions: Include when the Letter of Credit may be used as collateral for issuing another Letter of Credit
3. Red Clause Provisions: Include when advance payment facilities are provided to the beneficiary
4. Green Clause Provisions: Include when storage facilities and advance payment are provided
5. Revolving Credit Terms: Include when the Letter of Credit is revolving, specifying reinstatement conditions
6. Special Conditions: Include any unique requirements or conditions specific to the transaction
1. Schedule A - Document Requirements: Detailed list of required documents with specific formatting and content requirements
2. Schedule B - Special Payment Conditions: Detailed terms for specialized payment arrangements if applicable
3. Schedule C - Goods Description: Detailed description of the goods or services covered by the Letter of Credit
4. Appendix 1 - Bank Format Requirements: Specific formatting requirements for documents as per issuing bank's standards
5. Appendix 2 - UCP 600 Disclaimer: Standard disclaimers and applicable UCP 600 articles
Relevant legal definitions
Advising Bank
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Commercial Invoice
Confirming Bank
Credit
Documents
Expiry Date
Goods
Insurance Certificate
Issuing Bank
Letter of Credit
Negotiating Bank
Nominated Bank
Presentation
Reimbursing Bank
Shipping Documents
Sight Payment
Trade Terms
Transport Document
UCP 600
Bank Guarantee
Malaysian Ringgit
Packing List
Purchase Order
Certificate of Origin
Documentary Credit
Inspection Certificate
Payment Terms
Shipment Date
Banking Charges
Collection Bank
Draft
Export License
Import License
Negotiation
Port of Discharge
Port of Loading
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Commercial Invoice
Confirming Bank
Credit
Documents
Expiry Date
Goods
Insurance Certificate
Issuing Bank
Letter of Credit
Negotiating Bank
Nominated Bank
Presentation
Reimbursing Bank
Shipping Documents
Sight Payment
Trade Terms
Transport Document
UCP 600
Bank Guarantee
Malaysian Ringgit
Packing List
Purchase Order
Certificate of Origin
Documentary Credit
Inspection Certificate
Payment Terms
Shipment Date
Banking Charges
Collection Bank
Draft
Export License
Import License
Negotiation
Port of Discharge
Port of Loading
Clauses
Credit Amount
Payment Terms
Document Requirements
Expiry and Presentation
Bank Obligations
Confirmation Terms
Document Examination
Reimbursement
Force Majeure
Charges and Fees
Transfer Rights
Governing Law
Jurisdiction
Bank Disclaimers
Amendment Procedures
Notice Requirements
Compliance Requirements
Document Discrepancies
Shipment Terms
Insurance Requirements
Bank Communications
Sanctions Compliance
Anti-Money Laundering
Currency Provisions
Default Provisions
Payment Terms
Document Requirements
Expiry and Presentation
Bank Obligations
Confirmation Terms
Document Examination
Reimbursement
Force Majeure
Charges and Fees
Transfer Rights
Governing Law
Jurisdiction
Bank Disclaimers
Amendment Procedures
Notice Requirements
Compliance Requirements
Document Discrepancies
Shipment Terms
Insurance Requirements
Bank Communications
Sanctions Compliance
Anti-Money Laundering
Currency Provisions
Default Provisions
Relevant Industries
Banking and Financial Services
International Trade
Manufacturing
Agriculture
Mining and Resources
Textile and Apparel
Electronics and Technology
Oil and Gas
Automotive
Construction and Infrastructure
Commodities Trading
Retail and Consumer Goods
Shipping and Logistics
Relevant Teams
Legal
Finance
Treasury
International Trade
Trade Operations
Risk Management
Compliance
Banking Operations
Supply Chain
Procurement
Documentary Credits
Relevant Roles
Trade Finance Manager
International Business Development Manager
Import/Export Coordinator
Treasury Manager
Trade Operations Officer
Credit Risk Manager
Documentary Credits Specialist
Banking Relationship Manager
Chief Financial Officer
Finance Director
Compliance Officer
International Trade Specialist
Supply Chain Manager
Procurement Manager
Legal Counsel
Banking Operations Manager
Find the exact document you need
Credit Note Letter To Customer
A Malaysian-compliant business document that formally acknowledges a reduction in a customer's payment obligation to a company, typically issued to correct billing errors or process returns.
find out more
Letter Of Credit Rates
A Malaysian banking document outlining the fee structure and commission rates for Letter of Credit services, governed by Malaysian financial regulations and banking laws.
find out more
Credit Limit Approval Letter To Customer
A Malaysian-compliant formal letter from a financial institution approving and establishing terms for a customer's credit facility.
find out more
Credit Application Request Letter
A formal letter requesting credit facilities from a Malaysian financial institution, complying with local banking regulations and requirements.
find out more
Letter Of Credit Limit
A Malaysian law-governed banking facility document establishing terms for issuing Letters of Credit up to an approved limit.
find out more
SBLC As Collateral
Malaysian law-governed agreement establishing terms for using a Standby Letter of Credit as collateral security, incorporating local banking regulations and international practices.
find out more
Lc Invoice
A specialized commercial invoice document used in Letter of Credit transactions under Malaysian law, combining standard invoice elements with specific LC requirements for international trade.
find out more
Cash Letter Credit
A Malaysian-law governed banking instrument representing an irrevocable payment commitment from a bank to a beneficiary, subject to document compliance.
find out more
Marginal Deposit On Letter Of Credit
A Malaysian law-governed agreement establishing terms for a marginal deposit as security for a Letter of Credit facility, complying with local banking regulations and facilitating international trade financing.
find out more
Lc Agreement
A Malaysian law-governed agreement establishing terms and conditions for Letter of Credit issuance and management, complying with local banking regulations and international standards.
find out more
Lc Export Import
A Malaysian-compliant Letter of Credit document that facilitates secure international trade payments, governed by local banking laws and UCP 600.
find out more
SBLC For Buyers Credit
A Malaysian law-governed bank guarantee instrument supporting buyer's credit facilities in commercial transactions, providing payment security to creditors.
find out more
Letter Of Credit Collection
A Malaysian-compliant banking instruction document for international trade payment collection through Letter of Credit, governed by local financial regulations and international banking standards.
find out more
180 Days Usance Lc
A Malaysian law-governed Letter of Credit providing 180-day deferred payment terms for international trade transactions, combining local regulatory requirements with international banking practices.
find out more
Letter Of Credit Risk
A Malaysian jurisdiction risk assessment and management framework for Letter of Credit transactions, covering both conventional and Islamic banking requirements.
find out more
Letter Of Credit Fraud
A Malaysian law-governed document addressing letter of credit fraud in international trade, incorporating local banking regulations and international banking practices.
find out more
Letter Of Credit Amount
A Malaysian banking document specifying the amount and terms of a letter of credit, governed by Bank Negara Malaysia regulations and international UCP 600 guidelines.
find out more
Credit Facility Offer Letter
A Malaysian-compliant formal letter from a financial institution offering credit facilities to a borrower, detailing key terms and conditions under Malaysian banking regulations.
find out more
Cash Collateralized Letter Of Credit
Malaysian law-governed agreement for a cash-backed letter of credit facility, establishing terms between bank, applicant, and beneficiary.
find out more
SBLC At Sight
A Malaysian-law governed Standby Letter of Credit that provides immediate payment guarantee upon presentation of compliant documents.
find out more
Usance Lc Discounting
Malaysian law-governed agreement for discounting of Usance Letters of Credit between financial institutions and beneficiaries.
find out more
Revolving SBLC
A Malaysian law-governed revolving standby letter of credit agreement establishing terms for an automatically renewable financial guarantee facility.
find out more
Payment Terms Dlc
Malaysian-law governed payment terms document for Documentary Letter of Credit transactions, establishing secure international trade payment conditions.
find out more
Non Transferable SBLC
A Malaysian law-governed Non-Transferable Standby Letter of Credit that provides payment guarantee to a specific beneficiary, with explicit prohibition on transfer or assignment.
find out more
Non Operative SBLC
A Malaysian-law governed standby letter of credit serving as a bank guarantee for payment or performance obligations, subject to Malaysian banking regulations.
find out more
Negotiable Lc
A Malaysian law-governed banking instrument that provides payment security in international trade through a negotiable letter of credit structure.
find out more
Mixed Payment Lc
A Malaysian-compliant financial instrument that combines multiple payment methods in a Letter of Credit for international trade transactions.
find out more
Irrevocable Non Transferable Letter Of Credit
A Malaysian law-governed banking instrument that provides an irrevocable and non-transferable payment guarantee in international trade, subject to document compliance.
find out more
Direct Pay Standby Letter Of Credit
A Malaysian law-governed standby letter of credit providing payment security through an irrevocable bank undertaking, subject to document compliance.
find out more
Credit Card Clearance Letter
A Malaysian banking document confirming complete settlement and closure of a credit card account, issued by the card-issuing bank.
find out more
Freely Negotiable Letter Of Credit
A Malaysian-governed banking instrument that provides payment assurance in international trade, allowing negotiation at any bank worldwide.
find out more
Transferable Lc At Sight
A Malaysian-compliant financial instrument allowing transfer of letter of credit rights to second beneficiaries with payment at sight, governed by UCP 600 and local banking regulations.
find out more
Straight Letter Of Credit
A Malaysian law-governed banking instrument providing direct, irrevocable payment commitment in international trade transactions.
find out more
Small Business Letter Of Credit
A Malaysian-law governed Letter of Credit document tailored for small business transactions, providing payment security in international trade.
find out more
Secured Letter Of Credit
A Malaysian law-governed financial instrument combining a traditional letter of credit with security arrangements, providing enhanced protection for the issuing bank through collateral requirements.
find out more
Red Letter Of Credit
A Malaysian-governed banking instrument that provides payment security in international trade transactions, subject to Malaysian banking regulations and UCP 600.
find out more
Loan Facility Letter
A Malaysian law-governed document issued by financial institutions outlining approved loan facility terms and conditions, compliant with local banking regulations and Financial Services Act 2013.
find out more
Non Operative Letter Of Credit
A Malaysian law-governed banking instrument that provides conditional payment guarantee in international trade, pending activation upon fulfillment of specified conditions.
find out more
Letter Of Credit 90 Days
A Malaysian law-governed trade finance instrument providing 90-day deferred payment terms with bank-guaranteed security for international trade transactions.
find out more
Letter Of Credit 60 Days
A Malaysian-law governed Letter of Credit providing 60-day deferred payment terms for international trade transactions, regulated under local banking laws and UCP 600.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)