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Monetary Deals


Monetary Deals

All financial and monetary transactions of Haawin company are carried out by Azizi Bank. The Bank issue the letter of credit which guarantees a buyer's payment to a seller on time and for the specified amount after delivery of the goods within the due date and as per proper specifications. Letters of credit are most commonly used when a buyer in one country purchases goods from a seller in another country. Due to the nature of international dealings, including factors such as distance, differing laws in each country and difficulty in knowing each party personally, the use of letters of credit has become a very important aspect of international trade. The letter of credit is a distinct and separate transaction from the contract on which it is based. All parties deal in documents and not in goods. The main advantage of using a letter of credit is that it can give security to both the seller and the buyer that it will honor their side of the deal and provide documentary proof of the same. For more information please visit AZIZI Bank site (https://azizibank.af/pages/Trade-Finance-Credit-Facilities/) .