Agreement between the Government of the Republic of Uzbekistan and Government of the Azerbaijan Republic on mutual cooperation on postal orders

of May 27, 1996

The government of the Republic of Uzbekistan and the Government of the Azerbaijan Republic which are hereinafter referred to as by the Parties signed this agreement as follows:

Article 1

The parties decided to organize and carry out in the territory of two states, namely the Republic of Uzbekistan and the Azerbaijan Republic, through the network of the companies and post offices acceptance and payment only of postal money transfers with the salary, pensions, benefits, the alimony without restriction in the amount.

The amount of other transfers is regulated by availability of currency of the states.

Article 2

Postal orders are accepted and paid in national currencies of the Parties for the cross-rate established Central and National by banks of the Parties. Transactions, stipulated in Article 1 this agreement, are performed through the correspondent account of authorized bank of the Republic of Uzbekistan opened in authorized bank of the Azerbaijan Republic in national currency of the Azerbaijan Republic.

Article 3

Each of the Parties establishes own rates for transfer of money transfers, and also on the additional services rendered to clients of the state in case of acceptance or payment of transfers.

Article 4

For processing of transfers and exchange of them between the states each Party will organize centralized "Item" on processing of money transfers. Postal money transfers between the Parties are sent only through the specified "Items" with preliminary transfer of the corresponding amounts.

Article 5

The payment due date of postal order shall not exceed one month from the date of its receipt in telecommunications agencies of the Parties.

In some cases according to the statement of the addressee the payment due date of postal order can be prolonged up to 2 months.

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