The Transferable LC is a sophisticated financial instrument essential for complex international trade transactions where intermediaries or multiple suppliers are involved. This document type is particularly relevant in Qatar's dynamic trading environment, where it facilitates trade financing while complying with local banking regulations and international standards. A Transferable LC allows the first beneficiary (typically a middleman or trading company) to transfer their rights, either partially or fully, to one or more second beneficiaries (usually the actual suppliers). The document must strictly adhere to Qatar's banking laws and Central Bank regulations while typically incorporating UCP 600 guidelines. It's commonly used in transactions where the original beneficiary acts as an intermediary rather than the actual supplier of goods or services, making it particularly valuable in Qatar's role as a regional trading hub.

1. Issuing Bank Details: Complete name, address, and reference numbers of the issuing bank

2. LC Number and Date: Unique identification number of the LC and date of issuance

3. Beneficiary Details: Full name and address of the first beneficiary who has the right to transfer the credit

4. Applicant Details: Full name and address of the party requesting the LC

5. Currency and Amount: Specified currency and maximum amount available under the LC

6. Expiry Details: Expiry date and place for presentation of documents

7. Transfer Terms: Explicit statement that this is a transferable LC and conditions for transfer

8. Payment Terms: Method of payment (sight, deferred payment, acceptance, or negotiation)

9. Required Documents: Detailed list of required documents for presentation

10. Shipment Terms: Details of shipment including latest shipment date if applicable

11. Transfer Conditions: Specific conditions under which the credit may be transferred and any limitations

12. Governing Law and Jurisdiction: Statement that Qatar law governs and reference to UCP 600