The LC Letter of Credit is a fundamental instrument in international trade finance, particularly crucial in the Qatar business environment where significant import/export activities occur. This document type is typically used when businesses need a secure payment method for international transactions, especially in cases where parties don't have established trading relationships or when local regulations require formal banking channels. The Letter of Credit provides assurance to sellers that they will receive payment and to buyers that goods will be delivered as specified. Under Qatar law, these documents must comply with both local regulations and international banking practices, including UCP 600 guidelines. The document typically includes detailed specifications about payment terms, required documentation, shipping requirements, and compliance with Qatar's banking regulations, including any applicable Islamic banking principles.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. LC Number and Reference: Unique identification number and reference details of the Letter of Credit
2. Date of Issuance: The official date when the LC is issued
3. Type of Credit: Specification of whether it's irrevocable, transferable, confirmed, etc.
4. Applicant Details: Complete name and address of the party requesting the LC (buyer/importer)
5. Beneficiary Details: Complete name and address of the party in whose favor the LC is issued (seller/exporter)
6. Issuing Bank Details: Name and address of the bank issuing the LC
7. Amount and Currency: The credit amount and currency, including any tolerance levels if applicable
8. Expiry Date and Place: The last date for presentation of documents and location where documents must be presented
9. Available With/By: Specification of how the credit is available (by sight, deferred payment, acceptance, or negotiation)
10. Required Documents: Detailed list of all documents required for presentation
11. Shipment Terms: Details of goods, shipping deadlines, partial shipments, transhipment conditions
12. Payment Terms: Specific conditions and timing of payment
1. Advising Bank Details: Details of the intermediary bank, used when there's an advising bank involved
2. Confirmation Instructions: Used when confirmation is requested from another bank
3. Transfer Conditions: Included when the LC is transferable, specifying transfer terms and conditions
4. Special Conditions: Any additional terms or conditions specific to the transaction
5. Islamic Banking Compliance Statement: Required when the LC needs to comply with Shariah principles
6. Reimbursement Instructions: Included when specific reimbursement arrangements are required between banks
7. Insurance Instructions: Additional insurance requirements beyond standard documentation
1. Document Checklist: Detailed checklist of required documents with specific format requirements
2. Commercial Invoice Requirements: Specific requirements for the format and content of commercial invoices
3. Description of Goods: Detailed specification of goods when too lengthy to include in main LC text
4. Special Payment Calculations: Details of any complex payment calculations or formulas
5. Bank Charges Schedule: Breakdown of various bank charges and their allocation between parties
Relevant legal definitions
Advising Bank
Applicant
Banking Day
Beneficiary
Bill of Lading
Commercial Invoice
Complying Presentation
Confirmation
Credit
Draft
Expiry Date
Force Majeure
Governing Law
Honour
Insurance Certificate
Issuing Bank
Letter of Credit
Negotiation
Nomination
Original Documents
Packing List
Partial Shipment
Payment at Sight
Place for Presentation
Presentation
Presenting Bank
Qatar Business Day
Reimbursing Bank
Shipment
Shipping Documents
Tender
Transferable Credit
Transport Documents
UCP 600
Usance
Waybill
Applicant
Banking Day
Beneficiary
Bill of Lading
Commercial Invoice
Complying Presentation
Confirmation
Credit
Draft
Expiry Date
Force Majeure
Governing Law
Honour
Insurance Certificate
Issuing Bank
Letter of Credit
Negotiation
Nomination
Original Documents
Packing List
Partial Shipment
Payment at Sight
Place for Presentation
Presentation
Presenting Bank
Qatar Business Day
Reimbursing Bank
Shipment
Shipping Documents
Tender
Transferable Credit
Transport Documents
UCP 600
Usance
Waybill
Clauses
Document Requirements
Payment Terms
Expiry and Presentation
Bank Obligations
Force Majeure
Governing Law and Jurisdiction
Assignment and Transfer
Amendment Conditions
Document Examination
Discrepancy Handling
Bank Charges
Reimbursement
Sanctions and Compliance
Notice Requirements
Shipping Terms
Insurance Requirements
Default and Remedies
Dispute Resolution
Islamic Banking Compliance
Anti-Money Laundering
Confidentiality
Communications
Indemnification
Severability
Payment Terms
Expiry and Presentation
Bank Obligations
Force Majeure
Governing Law and Jurisdiction
Assignment and Transfer
Amendment Conditions
Document Examination
Discrepancy Handling
Bank Charges
Reimbursement
Sanctions and Compliance
Notice Requirements
Shipping Terms
Insurance Requirements
Default and Remedies
Dispute Resolution
Islamic Banking Compliance
Anti-Money Laundering
Confidentiality
Communications
Indemnification
Severability
Relevant Industries
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Retail
Oil and Gas
Construction
Telecommunications
Agriculture
Automotive
Consumer Goods
Industrial Equipment
Technology
Maritime and Shipping
Insurance
Relevant Teams
Trade Finance
International Banking
Treasury
Legal and Compliance
Finance
Procurement
Supply Chain
Risk Management
Operations
Documentary Credits
International Sales
Shipping and Logistics
Relevant Roles
Trade Finance Manager
International Business Development Manager
Import/Export Coordinator
Treasury Manager
Credit Manager
Documentary Credits Specialist
Trade Operations Officer
Compliance Officer
Financial Controller
Supply Chain Manager
Procurement Manager
Banking Relationship Manager
Chief Financial Officer
International Sales Manager
Shipping and Logistics Manager
Legal Counsel
Risk Manager
Find the exact document you need
Stand By Letter Of Credit
A Qatar law-governed banking instrument providing payment guarantee upon specified conditions, issued by a bank to secure commercial obligations.
find out more
Letter Of Credit For Services
A Qatar-governed banking instrument that guarantees payment for services, subject to specified conditions and documentary requirements under local and international banking regulations.
find out more
LC SBLC
A Qatar-law governed LC/SBLC document providing bank-guaranteed payment security in commercial transactions, compliant with local and international banking standards.
find out more
Import Export Lc
A Qatar law-governed Letter of Credit document that provides bank-guaranteed payment security for international trade transactions, compliant with local banking regulations and UCP 600.
find out more
Credit Card Noc Letter
A formal banking document issued under Qatari law confirming the complete settlement and closure of a credit card account, typically required for employment or immigration purposes.
find out more
Negotiation Bank In Lc
A Qatar law-governed banking instrument that establishes terms for negotiating documentary credits in international trade transactions, combining local regulations with international banking standards.
find out more
Negotiable Lc
A Qatar-law governed banking instrument that provides secure, negotiable payment guarantees for international trade transactions, following local regulations and UCP 600 guidelines.
find out more
Letter Of Credit Discounting Charges
A Qatar-law governed document specifying terms, conditions, and charges for Letter of Credit discounting services provided by banking institutions in Qatar.
find out more
Letter Of Credit Available With
A Qatar-governed Letter of Credit document specifying payment commitment terms and conditions under local regulations and UCP 600.
find out more
Credit Card Clearance Letter
A formal document issued by Qatari banks confirming full settlement of credit card dues and account closure, compliant with Qatar Central Bank regulations.
find out more
Freely Negotiable Letter Of Credit
A Qatar-law governed banking instrument that enables secure international trade payments through freely negotiable letters of credit, compliant with local and international banking standards.
find out more
Time Letter Of Credit
A Qatar law-governed banking instrument that guarantees deferred payment to sellers in international trade, combining local regulations with UCP 600 standards.
find out more
Transferable Lc At Sight
A Qatar law-governed financial instrument allowing immediate payment upon document presentation, with the ability to transfer rights to secondary beneficiaries.
find out more
Secured Letter Of Credit
A Qatar-law governed banking instrument providing secured payment guarantees in international trade, backed by collateral and compliant with local banking regulations.
find out more
Local Letter Of Credit
A Qatar-governed banking instrument providing payment security for domestic trade transactions, incorporating local regulatory requirements and banking practices.
find out more
Letter Of Credit 30 Days
A Qatar-law governed Letter of Credit providing 30-day guaranteed payment terms for international trade transactions, compliant with local and UCP 600 regulations.
find out more
Inland Letter Of Credit
A Qatar-governed banking instrument providing payment security for domestic trade transactions, issued by a local bank under Qatar's banking and commercial laws.
find out more
Domestic Letter Of Credit
A Qatar-governed banking instrument that guarantees payment in domestic trade transactions, issued by a Qatari bank and regulated by Qatar Central Bank.
find out more
Domestic Lc
A Qatar-governed financial instrument issued by a local bank guaranteeing payment in domestic trade transactions, compliant with Qatar Central Bank regulations and local commercial law.
find out more
Discrepancy Letter Of Credit
A formal banking document under Qatar law that notifies beneficiaries of discrepancies in Letter of Credit documentation, outlining issues and resolution options.
find out more
Credit Facility Letter To Customer
A formal letter issued by a Qatari bank offering credit facilities to a customer, detailing terms and conditions in compliance with Qatar Central Bank regulations.
find out more
Business Letter Of Credit
A bank-issued guarantee document under Qatari law that ensures payment in international trade transactions, subject to compliance with specified terms and conditions.
find out more
Trade Finance Letter Of Credit
A Qatar-governed banking instrument that guarantees payment in international trade transactions, combining local regulatory requirements with UCP 600 standards.
find out more
Unconditional Letter Of Credit
A Qatar-law governed unconditional bank guarantee promising irrevocable payment to a beneficiary, subject to Qatar banking regulations and UCP 600.
find out more
Transit Letter Of Credit
A Qatar-law governed banking instrument that facilitates secure payment for international trade transactions involving goods in transit through Qatar.
find out more
Synthetic Letter Of Credit
A Qatar-law governed financial instrument combining traditional letter of credit features with synthetic/derivative elements, structured to comply with local banking regulations and international standards.
find out more
Structured Letter Of Credit
A Qatar-law governed banking instrument providing structured payment commitment in international trade, combining local banking regulations with UCP 600 rules.
find out more
Revolving Letter Of Credit
A Qatar law-governed banking instrument that automatically reinstates credit availability after use, subject to specified conditions and international banking standards.
find out more
Reverse Letter Of Credit
A Qatar law-governed financial instrument where the buyer initiates a Letter of Credit issuance through their bank in favor of the seller, structured to comply with local and international banking standards.
find out more
Restricted Letter Of Credit
A Qatar-law governed banking instrument that provides a secure payment method in international trade, restricting negotiation to specific nominated banks.
find out more
Letter Of Credit Discrepancy Acceptance
A Qatari-law governed document used to formally accept discrepancies in Letter of Credit documentation, enabling the continuation of international trade transactions despite documentary inconsistencies.
find out more
Letter Of Credit Balance Sheet
A Qatar-compliant financial document detailing Letter of Credit positions, exposures, and classifications in accordance with Qatar Central Bank regulations.
find out more
Letter Of Credit Amendment
A Qatar law-governed document that modifies terms of an existing Letter of Credit, subject to Qatar Central Bank regulations and international banking practices.
find out more
Irrevocable Revolving Letter Of Credit
A Qatar law-governed banking instrument providing an automatically renewable payment guarantee for recurring international trade transactions.
find out more
International Letter Of Credit
A Qatar-law governed banking instrument that guarantees payment in international trade transactions, subject to document compliance under UCP 600 rules and local regulations.
find out more
Electronic Letter Of Credit
Qatar-law governed Electronic Letter of Credit document providing bank-guaranteed payment security in international trade transactions.
find out more
Divisible Letter Of Credit
A Qatar-law governed financial instrument that enables multiple partial drawings against a single letter of credit facility, subject to specified conditions and documentary requirements.
find out more
Direct Letter Of Credit
A Qatari law-governed banking instrument where a bank directly guarantees payment to a beneficiary in international trade transactions, subject to document compliance.
find out more
Credit Card Welcome Letter
A regulatory-compliant welcome letter for new credit card customers in Qatar, confirming card approval and outlining essential card information and terms.
find out more
Credit Card Request Letter
A formal letter requesting a credit card from a Qatari bank or financial institution, complying with Qatar Central Bank regulations and local banking laws.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)