黑料视频

Confirmed Irrevocable Letter Of Credit Template for Qatar

A Confirmed Irrevocable Letter of Credit under Qatar law is a sophisticated banking instrument that provides a secure method of payment in international trade transactions. It represents an irrevocable undertaking by both the issuing bank and a second bank (the confirming bank) to pay the beneficiary when compliant documents are presented. The document is governed by Qatar's Commercial Law No. 27 of 2006 and banking regulations, while also incorporating UCP 600 rules. It includes detailed terms regarding payment conditions, document requirements, and specific obligations of all parties involved, providing maximum security for international trade transactions.

Typically:
i
This cost is based on prices provided by
6 legal services in your market.
With 黑料视频:

拢0

i
Generate and export your first
document completely free.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership聽of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Confirmed Irrevocable Letter Of Credit?

The Confirmed Irrevocable Letter of Credit is a crucial document in international trade finance, particularly important in the Qatar market where cross-border transactions require robust payment security. This document type is used when the beneficiary (typically the seller) requires additional payment security beyond the issuing bank's undertaking, usually due to unfamiliarity with the issuing bank or concerns about the banking system in the issuing bank's country. It provides enhanced security as both the issuing and confirming banks are independently obligated to pay upon compliant document presentation. The document must comply with Qatar's banking regulations and commercial laws while incorporating international standards through UCP 600, making it a sophisticated instrument that bridges local and international legal requirements.

What sections should be included in a Confirmed Irrevocable Letter Of Credit?

1. Letter of Credit Number and Date: Unique identification number and issuance date of the LC

2. Issuing Bank Details: Complete name, address, and SWIFT code of the issuing bank

3. Confirming Bank Details: Complete name, address, and SWIFT code of the confirming bank

4. Applicant Details: Full name, address, and contact information of the buyer/applicant

5. Beneficiary Details: Full name, address, and contact information of the seller/beneficiary

6. Currency and Amount: Currency code and amount of the letter of credit in numbers and words

7. Expiry Date and Place: Clear statement of expiration date and location for document presentation

8. Available With/By: Specification of where and how the credit is available (payment, acceptance, negotiation)

9. Partial Shipments/Transhipment: Clear statement whether partial shipments and transhipment are allowed or prohibited

10. Loading/Dispatch/Taking in Charge: Shipping details including port of loading and destination

11. Document Presentation Period: Timeframe within which documents must be presented after shipment

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

13. Additional Conditions: Any special conditions or terms specific to this letter of credit

14. Charges: Specification of which party bears various banking charges

What sections are optional to include in a Confirmed Irrevocable Letter Of Credit?

1. Insurance Coverage: Used when insurance requirements exceed standard coverage or when specific insurance terms need to be detailed

2. Transferability Clause: Include when the letter of credit needs to be transferable to a second beneficiary

3. Back-to-Back Provisions: Used when the LC may be used as collateral for issuing another LC

4. Red Clause: Include when advance payment to the beneficiary is to be allowed

5. Green Clause: Used when storage of goods at destination is required prior to document presentation

6. Revolving Credit Terms: Include when the LC is intended to automatically renew under specified conditions

7. Tolerance Provisions: Used when specific quantity or amount tolerances need to be detailed beyond standard provisions

What schedules should be included in a Confirmed Irrevocable Letter Of Credit?

1. Schedule A - Document Requirements: Detailed specifications for each required document including format and content requirements

2. Schedule B - Goods Description: Detailed technical specifications of the goods being traded

3. Schedule C - Payment Terms: Detailed breakdown of payment arrangements including any special conditions

4. Appendix 1 - Draft Format: Prescribed format for any drafts to be drawn under the LC

5. Appendix 2 - Document Presentation Checklist: Checklist for beneficiary to ensure complete document presentation

6. Appendix 3 - Bank Forms: Standard forms required by the issuing/confirming banks

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Qatar

Publisher

黑料视频

Document Type

Letter of Credit

Cost

Free to use

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.

Download

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.

Download

LC SBLC

A Qatar-law governed LC/SBLC document providing bank-guaranteed payment security in commercial transactions, compliant with local and international banking standards.

Download

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.

Download

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.

Download

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.

Download

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.

Download

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.

Download

Letter Of Credit Available With

A Qatar-governed Letter of Credit document specifying payment commitment terms and conditions under local regulations and UCP 600.

Download

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.

Download

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.

Download

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.

Download

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.

Download

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.

Download

Local Letter Of Credit

A Qatar-governed banking instrument providing payment security for domestic trade transactions, incorporating local regulatory requirements and banking practices.

Download

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.

Download

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.

Download

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.

Download

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.

Download

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.

Download

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.

Download

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.

Download

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.

Download

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.

Download

Transit Letter Of Credit

A Qatar-law governed banking instrument that facilitates secure payment for international trade transactions involving goods in transit through Qatar.

Download

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.

Download

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.

Download

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.

Download

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.

Download

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.

Download

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.

Download

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.

Download

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.

Download

Irrevocable Revolving Letter Of Credit

A Qatar law-governed banking instrument providing an automatically renewable payment guarantee for recurring international trade transactions.

Download

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.

Download

Electronic Letter Of Credit

Qatar-law governed Electronic Letter of Credit document providing bank-guaranteed payment security in international trade transactions.

Download

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.

Download

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.

Download

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.

Download

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.

Download
See more related templates

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 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