Preheat oven to 400 degrees F.
Rinse off thawed shrimp and pat dry, set aside.
In a medium mixing bowl combine flour, cornstarch, salt, and white pepper.
Then add in water and 2 Tablespoons vegetable oil. Whisk together until well blended. Set aside.
Heat 2-3 inches oil in a large pot until oil reaches 325 degrees F.
Place coconut on a small cookie sheet or pan.
Dip each shrimp in the batter and then roll in the shredded coconut.
Fry shrimp in hot oil just until they start to turn golden brown.
Place fried shrimp on a large cookie sheet and bake in preheated oven 5 minutes to finish cooking.
While shrimp is baking, make the Marmalade Dipping Sauce by combining the orange marmalade, Dijon mustard, honey, and hot sauce in a bowl.
Serve shrimp with the marmalade dipping sauce.