The Negotiable LC is a crucial document in international trade finance, providing security and payment assurance to parties involved in cross-border transactions. Used primarily when parties seek a secure payment method with the ability to negotiate or transfer the payment obligation, this document type is particularly relevant in Malaysian trade contexts where it must comply with local banking regulations and Bank Negara Malaysia's requirements. The document enables the beneficiary to receive payment against compliant documents or negotiate the instrument with their bank, making it especially valuable in complex international trade transactions. The structure incorporates both Malaysian legal requirements and international banking practices, particularly UCP 600 guidelines, ensuring its effectiveness in facilitating global trade while maintaining local legal compliance.
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 Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Issuing Bank Details: Complete identification and contact information of the issuing bank
2. Letter of Credit Number: Unique identification number assigned to the LC
3. Date of Issue: Date when the LC is issued
4. Applicant Details: Complete name and address of the party requesting the LC (typically the buyer)
5. Beneficiary Details: Complete name and address of the party in whose favor the LC is issued (typically the seller)
6. Currency and Amount: Specified currency and amount of the LC in both figures and words
7. Expiry Date: Date and place of expiry of the LC
8. Available With/By: Specifies where and how the LC is available (payment, acceptance, or negotiation)
9. Partial Shipments: Whether partial shipments are allowed or prohibited
10. Transhipment: Whether transhipment is allowed or prohibited
11. Documents Required: Detailed list of all required documents for LC negotiation
12. Goods Description: Brief description of goods/services covered by the LC
13. Incoterms: Specified shipping terms and conditions
14. Payment Terms: Specific conditions and timeline for payment
15. Presentation Period: Timeframe within which documents must be presented after shipment
1. Transferability Clause: Include when the LC needs to be transferable to another beneficiary
2. Red Clause: Include when advance payment to the beneficiary is permitted
3. Green Clause: Include when storage of goods is involved with advance payment
4. Revolving Credit Clause: Include when the LC is to be automatically renewed under specified conditions
5. Back-to-Back Provisions: Include when the LC may be used as collateral for another LC
6. Confirmation Instructions: Include when confirmation by another bank is required
7. Special Conditions: Include any additional terms specific to the transaction
8. Insurance Requirements: Include when specific insurance coverage is required beyond standard terms
1. Schedule A - Document Requirements: Detailed checklist of required documents and their specifications
2. Schedule B - Shipping Terms: Detailed shipping instructions and requirements
3. Schedule C - Goods Specification: Detailed technical specifications of goods covered by the LC
4. Appendix 1 - Bank Forms: Standard forms required by the issuing bank
5. Appendix 2 - UCP 600 References: Relevant articles of UCP 600 applicable to this LC
6. Appendix 3 - Fee Schedule: Breakdown of all applicable banking charges and fees
Authors
Relevant legal definitions
Clauses
Relevant Industries
International Trade
Banking and Finance
Manufacturing
Import/Export
Retail
Commodities
Agriculture
Technology
Automotive
Construction
Energy
Textiles
Mining
Chemical Industry
Relevant Teams
Trade Finance
International Banking
Treasury
Legal
Compliance
Risk Management
Operations
Finance
Procurement
Supply Chain
Documentary Credits
International Business
Relevant Roles
Trade Finance Manager
International Trade Specialist
Finance Director
Treasury Manager
Credit Manager
Import/Export Manager
Trade Operations Officer
Documentary Credits Specialist
Compliance Officer
Risk Manager
Banking Relationship Manager
Chief Financial Officer
Supply Chain Manager
Procurement 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
ұԾ’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; ұԾ’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)