The Revocable Letter of Credit (LC) is a fundamental trade finance instrument used in Malaysian international trade transactions, particularly when flexibility in terms and conditions is required. This document type is governed by Malaysian banking laws, particularly the Financial Services Act 2013, and follows international UCP 600 guidelines. A Revocable LC allows the issuing bank to modify or cancel the credit at any time without prior notification to the beneficiary, making it suitable for transactions where such flexibility is needed or where there is high trust between parties. While less common than irrevocable LCs due to the lower security for beneficiaries, revocable LCs can be useful in ongoing trading relationships or when rapid adjustments to terms may be necessary. The document includes essential details such as payment terms, documentary requirements, and shipping conditions, all within the framework of Malaysian banking regulations.
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. LC Number and Date: Unique identification number and issuance date of the Letter of Credit
2. Applicant Details: Full name, address, and contact information of the party requesting the LC (typically the buyer)
3. Beneficiary Details: Full name, address, and contact information of the party in whose favor the LC is issued (typically the seller)
4. Issuing Bank Details: Name and details of the bank issuing the Letter of Credit
5. Amount and Currency: The maximum amount and currency of the Letter of Credit
6. Expiry Date: The date and place of expiry of the Letter of Credit
7. Revocation Terms: Specific conditions under which the LC can be revoked and the process for revocation
8. Documentary Requirements: List of required documents that must be presented for payment
9. Shipment Terms: Details of shipment including latest shipment date and partial shipments if allowed
10. Payment Terms: Conditions and timing of payment, including any specific requirements
11. Bank Charges: Allocation of banking charges between parties
1. Advising Bank Details: Details of the advising bank when LC is advised through another bank
2. Transferability Clause: Include when the LC needs to be transferable to another beneficiary
3. Red Clause Provisions: Include when advance payment facilities are required
4. Green Clause Provisions: Include when storage facilities and advance payment are required
5. Revolving Terms: Include when the LC is intended to revolve in value or time
6. Back-to-Back Provisions: Include when the LC is part of a back-to-back arrangement
7. Insurance Requirements: Include when specific insurance requirements need to be detailed
1. Document Checklist: Detailed checklist of all required documents and their specifications
2. Standard Document Formats: Templates or formats for required documents like bills of lading, commercial invoices
3. Bank's Standard Terms: Standard terms and conditions of the issuing bank
4. Fee Schedule: Detailed breakdown of all applicable banking charges and fees
5. UCP 600 Reference Guide: Relevant articles of UCP 600 applicable to this LC
6. Amendment Form: Standard form for requesting amendments to the LC
Relevant legal definitions
Advising Bank
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Commercial Invoice
Confirmation
Credit
Documentary Credit
Documents
Draft
Expiry Date
Goods
Issuing Bank
Letter of Credit
Negotiation
Nominated Bank
Presentation
Shipping Documents
Sight Payment
Transport Document
UCP 600
Bank Charges
Collection
Complying Presentation
Credit Amount
Documentary Requirement
Force Majeure
Governing Law
Place of Expiry
Port of Discharge
Port of Loading
Presentation Period
Revocation
Shipment
Trade Terms
Applicant
Banking Day
Beneficiary
Bill of Exchange
Bill of Lading
Commercial Invoice
Confirmation
Credit
Documentary Credit
Documents
Draft
Expiry Date
Goods
Issuing Bank
Letter of Credit
Negotiation
Nominated Bank
Presentation
Shipping Documents
Sight Payment
Transport Document
UCP 600
Bank Charges
Collection
Complying Presentation
Credit Amount
Documentary Requirement
Force Majeure
Governing Law
Place of Expiry
Port of Discharge
Port of Loading
Presentation Period
Revocation
Shipment
Trade Terms
Clauses
Payment Terms
Documentary Requirements
Revocation Rights
Bank Charges
Expiry and Validity
Force Majeure
Governing Law
Jurisdiction
Shipment Terms
Presentation Requirements
Notice Requirements
Amendment Provisions
Disclaimers
Assignment
Compliance with Regulations
Authentication
Indemnification
Banking Hours
Document Examination
Currency Provisions
Communication Methods
Dispute Resolution
Severability
Anti-Money Laundering
Sanctions Compliance
Documentary Requirements
Revocation Rights
Bank Charges
Expiry and Validity
Force Majeure
Governing Law
Jurisdiction
Shipment Terms
Presentation Requirements
Notice Requirements
Amendment Provisions
Disclaimers
Assignment
Compliance with Regulations
Authentication
Indemnification
Banking Hours
Document Examination
Currency Provisions
Communication Methods
Dispute Resolution
Severability
Anti-Money Laundering
Sanctions Compliance
Relevant Industries
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Retail
Commodities Trading
Agriculture
Mining
Textiles
Electronics
Automotive
Oil and Gas
Consumer Goods
Relevant Teams
Trade Finance
International Banking
Credit Operations
Documentary Credits
Treasury
Risk Management
Compliance
Legal
Finance
International Trade Operations
Banking Operations
Relevant Roles
Trade Finance Manager
International Trade Specialist
Letter of Credit Officer
Banking Operations Manager
Credit Manager
Import/Export Manager
Treasury Manager
Documentary Credits Specialist
Trade Operations Officer
Compliance Officer
Risk Manager
Chief Financial Officer
Finance Director
Banking Relationship Manager
Trade Finance Analyst
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)