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The Restricted Letter of Credit serves as a crucial financial instrument in international trade transactions under Qatar law, providing a secure payment mechanism while maintaining specific controls over the negotiation process. This document type is particularly relevant when parties seek to limit the handling of the credit to specific banking institutions for enhanced security or compliance purposes. The Restricted Letter of Credit includes detailed specifications about the nominated bank(s), payment terms, document requirements, and specific restrictions on negotiation. It must comply with Qatar Central Bank regulations, UCP 600 guidelines, and can be adapted to meet Islamic banking requirements. This instrument is commonly used in large commercial transactions where parties require additional security measures and controlled payment processes, especially in sectors such as oil and gas, construction, and international trade where Qatar has significant commercial interests.

1. Bank Reference Information: Letter of credit number, date, and issuing bank details

2. Beneficiary Information: Complete details of the beneficiary including name, address, and banking information

3. Applicant Information: Complete details of the applicant including name, address, and reference numbers

4. Credit Amount and Currency: Specific amount and currency of the letter of credit

5. Form of Credit: Specification that this is a restricted letter of credit and its specific type

6. Expiry Details: Expiry date and place of the letter of credit

7. Restriction Details: Clear specification of the restrictions including nominated bank details and negotiation limitations

8. Required Documents: Detailed list of required documents for credit utilization

9. Shipment Terms: Shipment details including latest shipment date and partial shipment permissions

10. Payment Terms: Specific payment conditions and timing

11. Special Conditions: Any additional terms and conditions specific to this credit