The Confirmed LC (Letter of Credit) is a crucial trade finance instrument used in international commerce under Malaysian jurisdiction. It is particularly relevant when the beneficiary seeks additional payment security or when trading with countries where there might be commercial or political risks. The document adds a second bank's (confirming bank) payment undertaking to that of the issuing bank, providing enhanced security for the exporter. This type of LC is commonly used in Malaysian international trade, especially in major export sectors such as manufacturing, commodities, and palm oil. The document must comply with both Malaysian banking regulations and international standards like UCP 600, making it a robust instrument for secure international trade payments. It's particularly valuable when dealing with new trading partners or in high-value transactions where payment security is paramount.

1. LC Number and Date: Unique identification number of the LC and date of issuance

2. Advising Bank Details: Complete details of the advising bank, including SWIFT code and address

3. Confirming Bank Details: Complete details of the confirming bank, including SWIFT code and address

4. Issuing Bank Details: Complete details of the issuing bank, including SWIFT code and address

5. Applicant Details: Full name and address of the buyer/applicant requesting the LC

6. Beneficiary Details: Full name and address of the seller/beneficiary in whose favor the LC is issued

7. Currency and Amount: Currency and amount of the LC both in figures and words

8. Expiry Date and Place: Clear statement of when and where the LC expires

9. Available With/By: Specification of where and how the LC is available (payment, acceptance, negotiation)

10. Partial Shipments: Whether partial shipments are allowed or prohibited

11. Transhipment: Whether transhipment is allowed or prohibited

12. Loading/Dispatch From: Port of loading or place of dispatch

13. Transportation To: Port of discharge or final destination

14. Latest Date of Shipment: Final date by which shipment must be made

15. Goods Description: Detailed description of the goods, quantity, unit price, and trade terms

16. Required Documents: List of all documents required for presentation

17. Additional Conditions: Any special conditions or additional terms

18. Charges: Specification of which party bears which bank charges

19. Presentation Period: Number of days after shipment within which documents must be presented