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The Electronic Letter of Credit is a crucial financial instrument used in international trade transactions under Qatar law, providing a secure method of payment between parties who may not have established business relationships. This document type has evolved from traditional Letters of Credit to accommodate modern digital commerce requirements while maintaining the same level of security and reliability. The Electronic Letter of Credit includes detailed specifications for digital document presentation, electronic authentication protocols, and payment terms, all compliant with Qatar's legal framework and international banking standards. It's particularly relevant in Qatar's growing economy, where international trade plays a vital role, and is designed to facilitate faster, more efficient trade transactions while ensuring compliance with both local regulations and international banking practices such as UCP 600 and eUCP.

1. Issuing Bank Details: Complete details of the issuing bank including electronic addressing and authentication credentials

2. Letter of Credit Number: Unique identification number of the LC and electronic reference numbers

3. Date of Issue: Date and time of electronic issuance with time zone specification

4. Beneficiary Details: Complete identification of the beneficiary including electronic communication details

5. Applicant Details: Complete identification of the applicant including electronic communication details

6. Currency and Amount: Specified currency and amount in both figures and words

7. Expiry Details: Expiry date, time, and place with electronic processing considerations

8. Documentary Requirements: Detailed list of required documents and their electronic format specifications

9. Shipment Terms: Details of goods, shipment dates, and partial shipment/transhipment conditions

10. Electronic Presentation Terms: Specific requirements for electronic presentation of documents

11. Payment Terms: Conditions and timing of payment through electronic means