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The Export Letter of Credit is a fundamental document in international trade finance, particularly crucial in the Malaysian context where it facilitates secure export transactions. This banking instrument is commonly used when Malaysian exporters require payment security from foreign buyers, or when regulatory requirements mandate the use of Letters of Credit for certain types of exports. The document, governed by Malaysian law and international banking practices (UCP 600), specifies all terms and conditions of the export transaction, including payment terms, shipping requirements, and documentary requirements. It provides a secure payment mechanism where the issuing bank commits to pay the exporter upon presentation of compliant documents, thereby reducing commercial risks in international trade transactions.

1. Letter Reference Number and Date: Unique identification number and issuance date of the Letter of Credit

2. Bank Details: Complete details of the issuing bank including name, branch, and contact information

3. Beneficiary Information: Full name and address of the exporter (beneficiary) of the Letter of Credit

4. Applicant Information: Full name and address of the importer (applicant) requesting the Letter of Credit

5. Credit Amount and Currency: Specific amount and currency of the Letter of Credit, including any tolerance levels

6. Type and Form of Credit: Specification of whether the LC is irrevocable, transferable, confirmed, etc.

7. Expiry Date and Place: Clear statement of when and where the Letter of Credit expires

8. Shipment Terms: Latest shipment date, partial shipments, transhipment provisions

9. Required Documents: Detailed list of all documents required for presentation

10. Payment Terms: Specification of when and how payment will be made (at sight, deferred payment, etc.)

11. Banking Instructions: Specific instructions for document handling and payment processing