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    MFPA/ICPO

    Uploaded by

    Dragan Stankovic
    This document is a master fee protection agreement between parties for the sale and shipment of a commodity. It details: 1. The transaction number, parties involved, bank account information for payments, and commodity/quantity details. 2. Terms for payment of commissions to the beneficiary from the paymaster within 7 days of funds clearing in the payer's account for each shipment. 3. Guarantees payment by the payer to the beneficiary upon delivery of the full shipment quantity and binds all parties to the agreement for 5 years.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    MFPA/ICPO

    Uploaded by

    Dragan Stankovic
    754 views2 pages
    This document is a master fee protection agreement between parties for the sale and shipment of a commodity. It details: 1. The transaction number, parties involved, bank account information for payments, and commodity/quantity details. 2. Terms for payment of commissions to the beneficiary from the paymaster within 7 days of funds clearing in the payer's account for each shipment. 3. Guarantees payment by the payer to the beneficiary upon delivery of the full shipment quantity and binds all parties to the agreement for 5 years.

    Original Description:

    Master fee Protection agreement

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    © © All Rights Reserved

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    This document is a master fee protection agreement between parties for the sale and shipment of a commodity. It details: 1. The transaction number, parties involved, bank account information for payments, and commodity/quantity details. 2. Terms for payment of commissions to the beneficiary from the paymaster within 7 days of funds clearing in the payer's account for each shipment. 3. Guarantees payment by the payer to the beneficiary upon delivery of the full shipment quantity and binds all parties to the agreement for 5 years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    754 views2 pages

    MFPA/ICPO

    Uploaded by

    Dragan Stankovic
    This document is a master fee protection agreement between parties for the sale and shipment of a commodity. It details: 1. The transaction number, parties involved, bank account information for payments, and commodity/quantity details. 2. Terms for payment of commissions to the beneficiary from the paymaster within 7 days of funds clearing in the payer's account for each shipment. 3. Guarantees payment by the payer to the beneficiary upon delivery of the full shipment quantity and binds all parties to the agreement for 5 years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    1

    Master Fee Protection Agreement /


    Irrevocable Commission Payment Order

    TRANSACTION NUMBER:
    CONTRACT NUMBER+:
    Seller/Brokers:
    Additional Agents:

    BENEFICIARY

    ACCOUNT NAME
    Address



    BANK DETAILS

    PAY TO BENAFICIARY BANK NAME

    FOR ACCOUNT OF

    ACCOUNT NAME



    Account number
    01068538
    ACCOUNT NUMBER



    Account number
    01068538
    SORT CODE

    BANK ADDRESS

    A/C TYPE


    COMMISSION DETAILS

    COMMODITY

    TOTAL QUANTITY

    TOTAL COMMISSION VALUE

    QUANTITY PER TRANSACTION

    COMMISSION PER TON


    Paymaster Signature Beneficiary Signature




    Endor sement by Payer s Bank





    2




    I F AND WHEN THE LETTER OF CREDI T I S EXECUTED FOR PER EACH SHI PMENT
    VALUE AND THE SHI PPI NG DOCUMENTS HAVE BEEN PRESENTED FOR REI MBURSEMENT,
    AND A CLEAN I RREVOCABLE REI MBURSEMENT I S EFFECTED AND LETTER OF CREDI T
    AMOUNT I S CREDI TED I N OUR ACCOUNT WI THOUT RECOURCE, PAYMENT OF THE
    COMMI SSI ONS SHALL BE MADE BY WI RE TRANSFER TO THE BENEFI CI ARY NAMED
    HEREI N BY THE PAYMASTER ( ABOVE) WI THOUT PROTEST OR DELAY, PAYABLE
    WI THI N 7 ( SEVEN) BANKI NG DAYS OF WI RE TRANSFER PAYMENT TO THE PAYER' S
    ACCOUNT FOR THE MASTER I RREVOCABLE COMMI SSI ON PAYMENT ORDER ( I CPO) FOR
    THE ABOVE TRANSACTI ONS AND WI THOUT ANY DEDUCTI ONS EXCEPT BANK TRANSFER
    FEES.

    THE UNDERSI GNED PAYER HEREBY GUARANTEES WI TH FULL RESPONSI BI LI TY AND
    AUTHORI TY UPON THE CLOSI NG OF DELI VERY OF 10000 MT SI NGLE SHI PMENT I N
    THE ABOVE REFERENCED TRANSACTI ON, TO PAY THE UNDERSI GNED BENEFI CI ARY
    THE ENTI TLEMENT HEREI N STATED. THI S I RREVOCABLE COMMI SSI ON PAYMENT
    ORDER I S VALI D UPON COMMENCEMENT OF THE TRANSACTI ON HEREI N STATED AND
    SHALL TERMI NATE ON COMPLI TI ON OF THI S TRANSATI ON AND ENFORCEABLE FOR
    THE FULL TERM OF THI S TRANSACTI ON. THI S I RREVOCABLE COMMI SSI ON PAYMENT
    ORDER I S CONDI TI ONAL, ASSI GNABLE AND DI VI SI BLE. THE BUYER' S CODES
    ( WHI CH SHALL BE ASSI GNED UPON EXECUTI ON OF THE ABOVE REFERENCED
    CONTRACT) , SHALL ALWAYS REMAI N THE SAME AND SHALL NOT BE CHANGED UNTI L
    THI S TRANSACTI ON HAS BEEN COMPLETED. ALL PARTI ES HEREBY AGREE NOT TO
    CI RCUMVENT, NOR ATTEMPT TO CI RCUMVENT ANY OF THE PARTI ES I N THI S
    TRANSACTI ON NOW PENDI NG OR I N THE FUTURE FOR A PERI OD OF 05 ( FI VE)
    YEARS FROM DATE OF EXECUTI ON OF THI S I RREVOCABLE COMMI SSI ON PAYMENT
    ORDER DOCUMENT. THI S DOCUMENT BI NDS ALL PARTI ES.

    UPON EXECUTI ON OF THI S AGREEMENT, THI S I RREVOCABLE COMMI SSI ON PAYMENT
    ORDER DOCUMENT WI LL BE EXCHANGED FOR AN OFFI CI AL BANK ENDORSED AND
    RESPONSABLE I RREVOCABLE COMMI SSI ON PAYMENT ORDER. THE ORI GI NAL BANK
    I RREVOCABLE COMMI SSI ON PAYMENT ORDER WI LL BE LODGED WI TH THE PAYER' S
    BANK.

    THI S I RREVOCABLE COMMI SSI ON PAYMENT ORDER DOCUMENT MAY BE EXECUTED
    SI MULTANEOUSLY I N TWO OR MORE COUNTERPARTS VI A TELEFAX TRANSMI SSI ON,
    EACH OF WHI CH SHALL BE DEEMED AS A HARD COPY ORI GI NAL AND ALL OF WHI CH
    TOGETHER SHALL CONSTI TUTE ONE AND THE SAME ORI GI NAL AS A FULL RECOURSE
    COMMERCI AL DOCUMENT, ENFORCEABLE AND BI NDI NG. A SI GNED COPY OF THI S
    DOCUMENT SHALL HAVE THE SAME VALUE AND EFFECT AS AN ORI GI NAL AND A
    TELEFAX THEREOF SHALL SERVE AS A DULY SI GNED COPY OF THE SAME.

    Dat e:
    Paymaster: Beneficiary:





    ___________________________________ ____________________________________



    Endorsement by Payers Bank

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