Letters of Credit (LC 60 Days) are essential financial instruments in international trade, particularly within Qatar's robust trading environment. This document type is typically used when buyers need extended payment terms while providing sellers with bank-backed payment security. The 60-day LC is specifically structured under Qatar law and international banking practices (UCP 600), offering a balance between buyer's cash flow management and seller's payment security. It contains detailed specifications for document presentation, payment terms, and compliance requirements, incorporating both Qatar's commercial regulations and international banking standards. The document is particularly relevant for large-scale international trade transactions where parties seek formal bank-mediated payment arrangements with a 60-day deferred payment structure. It can be issued under both conventional and Islamic banking frameworks, making it versatile for various trading relationships involving Qatari entities.

1. Letter Header and Reference: Bank letterhead, LC number, date, and reference details

2. Beneficiary Details: Full name and address of the beneficiary (seller/exporter)

3. Applicant Details: Full name and address of the applicant (buyer/importer)

4. Credit Amount and Currency: Specification of the LC amount and currency

5. Credit Type and Availability: Specification that this is a 60-day LC and terms of availability

6. Required Documents: Detailed list of all required shipping and commercial documents

7. Shipment Terms: Details of shipment including latest shipment date and partial shipments

8. Expiry Details: Expiry date and place of the LC

9. Payment Terms: 60-day payment terms and calculation method

10. Governing Law and Rules: Reference to Qatar law and UCP 600

11. Bank Authorization: Authorized signatures and bank stamps