Malaysian Import Export Customs Documentation
Customs control in relation to the clearance of goods. Application of customs control in relation to the clearance of goods is required under the Malaysian customs laws and regulations.

Requiring the submission of the appropriate goods declaration form and other documents to customs in due time for releasing purposes.

Subject goods landed or goods before exportation to the warehousing procedures so as to bring them under customs control... Read More

Confirmed versus Unconfirmed
Irrevocable letter of credit from a bank, is still not a cast-iron guarantee of payment. Not every foreign bank is scrupulous or financially solvent. Sometimes a foreign bank, for one reason or another, will not honor its own financial commitment or perhaps due to, the sudden imposition or alteration of foreign exchange controls in the importing country may make payment impossible, even though the foreign bank wishes to honor its commitment.

Consequently, the exporter should, if it is unsure about the foreign bank's reliability or the foreign exchange situation - insist on not just  an irrevocable letter of credit but one that is confirmed  as well.

.To learn the Secrets of International Trade - Click Here