Presumably you have attempted this more than once. So is the file size on the receiving end always exactly the same size? Can you send two 60 mb files successfully (in the same session.)
issue the ulimit command over there as the ftp user
ulimit on the "sending" side does not really apply.
It is good practice to set up ftp accounts with reasonable file size limits. Maybe the setup on the receiving box is too stringent. Or there are file quotas set on the remote user's account.
quota -v
on the remote box run as the remote user will show you.