The quantum integrable systems associated with the quantum loop algebras U q (L(sl l+1 )) are considered. The factorized form of the transfer operators related to the infinite dimensional evaluation representations is found and the determinant form of the transfer operators related to the finite dimensional evaluation representations is obtained. The master TQ-and TT-relations are derived. The operatorial T-and Q-systems are found. The nested Bethe equations are obtained. CONTENTS A. V. RAZUMOV 5.3. Monodromy operators and transfer operators 27 5.4. L-operators and Q-operators 27 5.4.1. Definition 27 5.4.2. Case of oscillator representations 28 6. Functional relations 31 6.1. Factorization of transfer operators 31 6.2. Determinant representation 33 6.3. TQ-relations 35 6.4. TT-relations and T-system 36 6.5. Q-system and nested Bethe ansatz equations 37 7. Conclusion 40 Acknowledgments 41 Appendix A. Highest ℓ-weight of evaluation U q (L(sl l+1 ))-modules 41 References 43