Malaysian Import Export Customs Documentation - The exporter of dutiable goods, on the other hand, is also required to declare the full and true account of the number and description of packages and of the description, weight, measure or quantity and the country of destination of such goods as stated in Section 80 of the Customs Act 1967.

The declaring of non-dutiable goods imported or to be exported is required to give a full or true account of the particulars for which are required in the respective prescribed forms.

Section 90 of the Customs Act 1967 allows customs declaration forms to be made by the owner of the goods or by a forwarding agent licensed by the customs department for that purpose and to be duly authorized by the owner of the goods... Read More

Letters of Credit Collection Procedures

# The exporter then presents the draft, with the required shipping documents attached, to the bank in his own country that has advised the letter of credit.

6. The bank then checks very carefully that all the documents are present, including the required number of copies, that the conditions of the letter of credit have been scrupulously met and that the documents have been completed accurately.
# Be aware that any omissions or discrepancies in the documents may be grounds for the foreign bank to refuse payment to the Advising Bank in reimbursement of the funds paid to the exporter. Or the exporter's failure to meet any of the conditions set out in the L.C.

7. Having satisfied itself as to the accuracy and completeness of the documentation, the exporter's bank then sends the draft, with the documents attached, to the foreign bank for payment, according to whether the letter of credit is for cash or acceptance. .To learn the Secrets of International Trade - Click Here