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Malaysia Commodity & Manufactured Exports Data and Malaysia International Trade Data This
page Malaysia Leading Manufactured Exports
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Duty is leviable on the goods to be exported. Column (5) of the first schedule to the Customs Duties Order 1996 indicates the rate of export duty applicable on a particular type of goods.
Payment of customs duties or taxes can be made by cash, cheque or bank draft. Payment by cheque requires prior lodgment of security, normally in the form of a banker's guarantee to ensure the securing of the amount to be drawn.
 Bill of Lading
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1. A straight bill of lading is a non-negotiable document, made out to a specifically named consignee, from which the steamship company acknowledges receipt of the freight and agrees to move it to its destination. Unlike an order bill, the straight bill does not have to be surrendered to the carrier in order for the importer to obtain possession of the goods. 2. An Order bill of lading is a document that is made out to the order of of the foreign importer or its bank, or the order of the export firm, its bank, or another designated party. Title to goods being shipped is given by possession of the Bill of Lading that bears the exporter's endorsement. Often, this endorsement is in blank, thus giving ownership of the goods to the person possessing the bill, and therefore making the bill highly negotiable. |
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