Lc Export Import for Malaysia

Lc Export Import Template for Malaysia

A Letter of Credit (LC) Export Import document under Malaysian jurisdiction is a formal banking instrument that provides a secure method of payment in international trade transactions. Governed by Malaysian banking laws, particularly the Financial Services Act 2013, and international standards like UCP 600, this document represents a bank's irrevocable commitment to pay the exporter upon presentation of compliant documents. It includes detailed specifications of the trade terms, document requirements, and payment conditions, while incorporating Malaysian regulatory requirements for international trade and foreign exchange transactions.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our Malaysia-compliant Lc Export Import

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Lc Export Import

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

Upload your Doc

What is a Lc Export Import?

The LC Export Import document is a crucial instrument in international trade finance, particularly within the Malaysian legal framework. It serves as a fundamental tool for securing international trade transactions by providing payment assurance to exporters and goods assurance to importers. This document type is essential when Malaysian companies engage in cross-border trade, requiring a structured payment mechanism that complies with both local regulations and international banking standards. The LC Export Import format includes comprehensive details about the transaction, parties involved, document requirements, and payment terms, while ensuring compliance with Malaysian banking regulations, foreign exchange rules, and international trade practices. It's particularly relevant for transactions where parties seek to minimize trading risks and ensure smooth cross-border commercial operations.

What sections should be included in a Lc Export Import?

1. LC Number and Date of Issuance: Unique identification number of the LC and the date it was issued

2. Form of Documentary Credit: Specification of LC type (irrevocable, confirmed/unconfirmed, transferable/non-transferable)

3. Parties Details: Full details of applicant (importer), beneficiary (exporter), issuing bank, advising bank, and confirming bank (if any)

4. Currency and Amount: LC amount in numbers and words, and specified currency

5. Credit Available With: Specifies how and where the credit is available (payment, acceptance, negotiation)

6. Expiry Date and Place: Last date for presentation of documents and location where documents must be presented

7. Shipment Terms: Latest shipment date, partial shipments, transhipment permissions, and shipping terms (INCOTERMS)

8. Goods Description: Detailed description of goods, quantity, unit price, and total value

9. Document Requirements: List of required documents (commercial invoice, transport documents, insurance documents, etc.)

10. Payment Terms: Specification of payment conditions, draft requirements, and time of payment

What sections are optional to include in a Lc Export Import?

1. Confirmation Instructions: Used when confirmation is requested from another bank

2. Transfer Conditions: Include when LC is transferable to detail transfer terms and conditions

3. Back-to-Back LC Terms: Required when the LC allows for back-to-back arrangements

4. Red Clause Provisions: Include when advance payment is permitted under the LC

5. Green Clause Provisions: Used when storage of goods is involved with advance payment

6. Special Conditions: Any additional terms specific to the transaction

7. Revolving Credit Terms: Include when LC is revolving to specify reinstatement terms

What schedules should be included in a Lc Export Import?

1. Schedule A - Document Checklist: Detailed checklist of all required documents with specific requirements for each

2. Schedule B - Goods Specifications: Detailed technical specifications of the goods being traded

3. Schedule C - Banking Instructions: Specific instructions for handling documents and payments

4. Appendix 1 - Format of Commercial Invoice: Template or requirements for commercial invoice presentation

5. Appendix 2 - Format of Transport Documents: Templates or requirements for bills of lading or other transport documents

6. Appendix 3 - Insurance Requirements: Detailed insurance coverage requirements and acceptable insurers

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Banking and Financial Services

International Trade

Manufacturing

Agriculture and Food

Textiles and Garments

Electronics and Technology

Oil and Gas

Mining and Minerals

Chemical Industry

Automotive

Consumer Goods

Pharmaceutical

Construction Materials

Relevant Teams

Trade Finance

International Banking

Export Operations

Import Operations

Documentation

Compliance

Treasury

Risk Management

Supply Chain

Legal

Finance

Banking Operations

International Business Development

Relevant Roles

Trade Finance Manager

International Trade Specialist

Letter of Credit Officer

Export Manager

Import Manager

Trade Operations Officer

Compliance Officer

Documentary Credits Specialist

Banking Relationship Manager

Treasury Manager

Trade Documentation Officer

Supply Chain Manager

Chief Financial Officer

International Business Development Manager

Risk Management Officer

Find the exact document you need

No matches found.

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.

How Cambridge United Uses Genie AI to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a Lc Export Import?

What sections should be included in a Lc Export Import?

What sections are optional to include in a Lc Export Import?

What schedules should be included in a Lc Export Import?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Credit Note Letter To Customer

Letter Of Credit Rates

Credit Limit Approval Letter To Customer

Credit Application Request Letter

Letter Of Credit Limit

SBLC As Collateral

Lc Invoice

Cash Letter Credit

Marginal Deposit On Letter Of Credit

Lc Agreement

Lc Export Import

SBLC For Buyers Credit

Letter Of Credit Collection

180 Days Usance Lc

Letter Of Credit Risk

Letter Of Credit Fraud

Letter Of Credit Amount

Credit Facility Offer Letter

Cash Collateralized Letter Of Credit

SBLC At Sight

Usance Lc Discounting

Revolving SBLC

Payment Terms Dlc

Non Transferable SBLC

Non Operative SBLC

Negotiable Lc

Mixed Payment Lc

Irrevocable Non Transferable Letter Of Credit

Direct Pay Standby Letter Of Credit

Credit Card Clearance Letter

Freely Negotiable Letter Of Credit

Transferable Lc At Sight

Straight Letter Of Credit

Small Business Letter Of Credit

Secured Letter Of Credit

Red Letter Of Credit

Loan Facility Letter

Non Operative Letter Of Credit

Letter Of Credit 90 Days

Letter Of Credit 60 Days

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Use Cases

Generate Legal Docs Free