The World Business Organization: International Chamber of Commerce
The World Business Organization: International Chamber of Commerce
Whereas, the undersigned parties are mutually desirous of doing We, the Buyer / Seller or Assigns or designee, duly
business with respect to the arranging, buying and selling and in Authorized to do so, under any applicable penalty of perjury,
cooperation with one another and with third parties for their so deem this a legal and binding PROTECTION AGREEMENT
IRREVOCABLE FEE FOR ALL TRANSACTIONS, INCLUDING
mutual benefit. This agreement is made and entered into on this
rollovers, renewals AND EXTENSIONS, under the above
date, shall obligate the undersigned parties and partners, referenced Contract Sales .
associates, employers, employees, affiliates, subsidiaries, parent
companies, any nominees, representatives, successors, clients We, the Seller / Buyer or Assigns or designee, duly
and assigns referred to as “The Parties” jointly severally, Authorized to do so, under any applicable penalty of perjury,
mutually and reciprocally terms and conditions expressly state so deem this a legal and binding PROTECTION AGREEMENT
and agree to, agreement may be referenced in any document(s), IRREVOCABLE FEE FOR ALL TRANSACTIONS, INCLUDING
rollovers, renewals AND EXTENSIONS, under the above
or written agreements, the terms and conditions apply to
referenced Contract Sales .
information exchange of financial information, personal or Subject to the Buyer or assigns or designee entering into a
corporate names, contracts by or involving parties, extension, purchase contract with SELLER or assignee or designee for
rollover amendment, renegotiations or new agreement referred the Seller, we, Buyer or assigns or designee hereby
to as “The Transaction” (Project/Transaction) for purchase of Irrevocably commit to instruct
products. NOW, THEREFORE IT IS AGREED: ……………………………………………………(BUYER’S BANK) to issue
the Pay-Orders and distributes to all beneficiary groups on
1. CONFIDENTIAL INFORMATION.- the buyer’s side and on the seller’s side and pay a total fee
1.1 The intending parties propose to disclose certain of its $XX in United States Dollar per METRIC TONS with
possible Roll & Extensions.United States Dollars.
confidential and proprietary information (the "Confidential
Information") to each other. Confidential Information shall Buyer Pay Commission to all Parties against IMFPA
include all data, materials, products, technology, computer agreement.
programs, specifications, manuals, business plans, software,
marketing plans, financial information, and other information THE BUYER / SELLER SHALL PAY THE COMMISSIONS TO
2. AGREEMENT NOT TO DEAL WITHOUT CONSENT.- These amounts are to be paid in the currency of United States
2.1 The Parties hereby legally, and irrevocably bind themselves Dollars (USD) without undue delay regardless of any
into guarantee to each other that they shall not directly or variation or condition, which may be agreed between the
indirectly interfere with, circumvent or attempt to circumvent, Principals. This Irrevocable Fee Protection Agreement will be
executed simultaneously to the execution of
avoid, by-pass or obviate each other’s interest or the interest or
CONTRACT REF Nº
relationship between “The Parties” with procedures, seller, any SUPPLIER CODE: EF
buyers, brokers, facilitators, dealers, distributors, refiners, BUYER CODE:
shippers, financial instructions, technology owners or Fees will be transmitted out of the bank as named herein,
manufacturers, to change, increase or avoid directly or indirectly free of all charges, liens, taxes or encumbrance of any kind
payments of established or to be established fees, commissions, except bank charges that effect the transfer of said funds to
or continuance of pre-established relationship or intervene in the below beneficiaries and/or assigns for
CONTRACT REF Nº
un-contracted relationships with manufacturers or technology
SUPPLIER CODE:
owners with intermediaries entrepreneurs, legal counsel or BUYER CODE:
initiate buy/sell relationship or transactional relationship that The beneficiaries will receive a net amount after bank and
by-passes one of “The Parties” to one another in connection wire charges deducted. The Payee(s) is/are not liable for any
with any ongoing and future transaction or project. taxes, legal fees, fines or deductions due to any and all legal
2.2 Parties with access will not in any manner, solicit, nor accept governments or other agencies so required by law.
any business in any manner from sources nor their Affiliates,
This document is unchangeable and irrevocable as to its
without permission of parties nor make use of third party to content and constitutes a legal and binding contract for
circumvent. payment of the above said fees. This document may not be
3. AGREEMENT NOT TO DISCLOSE.- hypothecated without the express permission from the
3.1 Parties agree that Information is to be considered undersigned.
confidential and held in confidence, not used other than for the A facsimile copy of this agreement is considered to be and
purposes of its business between Parties, and disclosed only to deemed as original, duly validated, legal, binding and
enforceable with all Parties.
its officers, directors, or shareholders with a specific need to
know. This Fee Protection Agreement is Irrevocable, Unconditional,
3.2 Parties acknowledge responsibility for disclosure to selected Assignable and Divisible and follows the Rules and
persons as per Regulations as set forth in the International Chamber of
3.3 “The Parties” irrevocably agree that they shall not disclose Commerce, ICC 2000 edition, rules of Conciliation and
or otherwise reveal directly or indirectly to a third party any Arbitration.
The Sales Contract number or any Identification Codes,
confidential information provided by one party to the other or
Banks, Fiduciaries or Trusts, shall always remain the same
otherwise acquired, contract terms, product, prices, fees, and shall not be changed including all renewals, extensions,
financial agreement, schedules and information concerning the rollovers and additions until this Transaction has been
identity of the sellers, producers, buyers, lenders, borrowers, completed without the written consent of all Participants of
brokers, distributors, refiners, manufacturers, technology this Fee Protection Agreement including the Beneficiaries
owners, or their representatives or mandated representatives named below.
and specifically individuals names, addresses, principals, or
SELLER (signature & seal): BUYER (signature & seal):
d
International Chamber of Commerce (I.C.C. 400/500/600)
The world business organization PAGE 3 OF 14
NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING AGREEMENT (NCNDA)
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)
ORDER OF PAYMENT OF THE BUYER AND BUYER´S BANK, A FAVOUR OF THE BENEFICIARIES OF THIS NCNDA/IMFPA OF THE BUYER’S SIDE
DATE: WEDNESDAY, JUNE 30, 2021
telex/fax/telephone numbers, references product or technology All Parties hereto agree not to circumvent any of the Parties
information and/or other information advised by one party(s) to in this Transaction, or any future Transactions, for a period of
be one another confidential or privileged specific written Five (5) Years from the date of the last transaction under the
consent of the party(s). above-mentioned Transaction Code and shall apply to any
following Transaction or New Agreement between the
4. AGREEMENT TO HONOR COMMISSIONS.- Parties. The Laws and Courts of Paris, London or United State
4.1 Commissions, fees, compensation or remuneration to be paid of America, govern this Agreement.
as part of transaction covering “The Parties” to this agreement, The buyer realized, Gross pay the price, the product, the
shall be agreed upon by separate written agreement by “The seller, this price includes both the NET price for the product,
Parties” concerned and shall be paid at the time such contract such as commission, which will have to be paid by the seller,
designated, concluded or monies changing hands between in favor of the beneficiaries, buyer side, and the seller's side,
by bank TT, transfer to 48H Gross total income received by
buyers and sellers, unless otherwise agreed among “The
the seller.
Parties”.
4.2 “The Parties” hereby irrevocably and unconditionally agree TOTAL COMMISSION SHALL BE PAID BY THE BUYER /
and guarantee to honor and respect all such fees and SELLER TO ALL PARTIES AGAINST IMFPA AGREEMENT.
remuneration, arrangements made as part of a commission
transaction even in the event that “The Parties” are not an THE BUYER / SELLER SHALL PAY THE COMMISSIONS TO
ALL BENEFICIARIES THAT HERE SHOWN IN THIS
integral member to a specific commission and fee, remuneration
NCNDA / IMFPA.
agreement.
AS FOLLOWS: The amount of Commission Between gross
5. AGREEMENT TO INFORM.- and net price of fuel delivered, but payment intervening
5.1 In specific deals where one of “The Parties” acting as an groups of fees paid will be made to them by the seller, after
agent allows the buyers or buyers’ mandates, and the seller or the payment of all by the buyer, Should be Settled as HEREIN
sellers’ mandates to deal directly with one another, the agent Stated to be transferred is into the account as follows, which
shall be informed of the transactions by receiving copies of the includes all rolls and extensions as a contract condition:
correspondence made between the buyer or buyer’s mandate
and the seller, and by the seller or seller’s mandate and the Seller´s Side corresponds: US$ …. PER MT as a Contract
buyer. condition (CLOSED):
5.2 Any e-mail communication between buyers or buyers’
mandates, and the seller or sellers’ mandates shall include in 1. Mr. ……………….. US$ …. Per MT per Month with rolls &
copy Party(s) introduced and/or who made possible their direct extensions as MANDATE of the seller.
communication.
5.3 The buyer, the buyer’s mandate, the buyer’s representatives Buyer´s Side corresponds: US$ ….. PER MT as a Contract
and Seller, Seller’s mandate, and Seller’s Representative shall condition (CLOSED):
communicate with each other at any time without any obligation Distribution of the commissions, for the Beneficiaries of
whatsoever to inform anyone. With the exception of the buyer or the Buyer's Side:
its assignee, the buyer’s mandate and or the buyer’s 1. Mr. ………….. US$ …… per MT per Month with rolls &
representatives, all of the remaining parties to this Agreement extensions as MANDATE of the buyer.
expressly agree to appoint one of them, and only one of them, to
interface with the Seller, Seller’s mandate, and Seller’s A tax effects of the beneficiaries of this NCNDA/IMFPA,
representatives. The one selected intermediary shall be referent to the commissions that they receive as
commissioners in business relationships between the buyer
responsible for communicating with the remaining
and the Seller.
intermediaries. The buyer, the buyer’s mandate, the buyer’s
representatives and Seller, Seller’s mandate, and Seller’s The Seller and the Buyer give under penalty of perjury, the
Representative shall have no obligation or responsibility to clarification and relevant information for their banks, as for
communicate with anyone other than the one intermediary the central bank, and to the tax agency of their Country.
selected for that purpose.
That Both buyer and seller, confirm and guarantee that the
funds and the money, with the which was made this
6. TERM.-
transaction, is legal, is clean and has no origin nor criminal,
6.1 This agreement shall be valid for five (5) years commencing nor terrorist, nor of money laundering.
from the date of this agreement.
6.2 This agreement has an option to renew for a further period THE FUNDS AND THE MONEY, REFERENT TO THE
10. BREACH OF AGREEMENT.- We, the Buyer / Seller, agree to provide all beneficiaries
10.1 This agreement is valid for all commodities and with written evidence of the pay orders lodged with our
transactions between parties and the parties agree that any bank together with acknowledgements of their acceptance.
misuse of information supplied in terms of the business Furthermore, our bank shall be instructed to provide duly
relationship, notwithstanding anything contained herein, or any signed and stamped acknowledgement of this instruction as
indulgence or relaxation of any clause herein, shall entitle the set out in the agreement. Forming part of this agreement, it is
claimant party to full legal recourse in terms of ICC regulations. understood that for the purposes of this Master Fee
10.2 Under such terms, in the event of breach of agreement by Protection Agreement, our bank shall be the same bank and
any term violation, disclosure of circumvention, by any party, this IMFPA acts as an integral part of it.
directly or indirectly, shall entitle Claiming Party to a legal
We, the Buyer and the Seller, agree that the terms of
monetary penalty equal to maximum service it should realize Purchase and Sale of the Commodity shall be as per Contract
from such a transaction plus any and all expenses, not limited to between Buyer and Seller.
all legal costs and expenses incurred to recover the lost revenue.
10.3 The Beneficiaries named as groups of the Buyer’s side, of The Beneficiaries named as groups of the Buyer’s side, of this
this NCNDA/IMFPA, are acting strictly as external Facilitators NCNDA/IMFPA, are acting strictly as external Facilitators
between the Buyer and the Seller, these Beneficiaries as external between the Buyer and the Seller, these Beneficiaries as
Facilitators shall have no legal liability nor administrative, nor external Facilitators shall have no legal liability nor
court, whatsoever towards the Seller and/or Buyer (and their administrative, nor court, whatsoever towards the Seller
and/or Buyer (and their respective Agents, Facilitators or
respective Agents, Facilitators or intermediaries, or lawyers) in
intermediaries, or lawyers) in the case that the buyer or the
the case that the buyer or the seller breached their agreements seller breached their agreements and contracts.
and contracts.
All the legal responsibility, administrative, criminal, court, it is These Beneficiaries of the Buyer´s Side as Facilitators
only and exclusively of the Buyer and of the seller, between and/or Intermediaries or their officers, partners, directors
them, and under their responsibilities regarding the contract and employees shall not be liable under any theory of
contract, nor legal liability, nor negligence, misrepresentation
signed and sealed between the buyer and the Seller, if either
or other legal equitable theory for any loss of damage of any
party breaches their agreement and their contract. nature incurred by Buyer and/or Seller in the performance of
the contract(s) between Buyer and Seller.
SELLER (signature & seal): BUYER (signature & seal):
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International Chamber of Commerce (I.C.C. 400/500/600)
The world business organization PAGE 5 OF 14
NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING AGREEMENT (NCNDA)
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)
ORDER OF PAYMENT OF THE BUYER AND BUYER´S BANK, A FAVOUR OF THE BENEFICIARIES OF THIS NCNDA/IMFPA OF THE BUYER’S SIDE
DATE: WEDNESDAY, JUNE 30, 2021
11. ARBITRATION.-
11.1 All disputes arising out of or in connection with the present These Beneficiaries of the Buyer´s Side as Facilitators
contract shall be finally settled under the rules of arbitration of and/or Intermediaries shall not be liable to Buyer nor their
the “International Chamber of Commerce (ICC)” by one or lawyers, nor shall be liable to Seller nor their lawyers and/ or
more “Arbitrators” appointed in accordance with the said rules their respective Representative / Mandate/Agents for any
or absence such Arbitrators and Rules, the Arbitrators and rule special, incidental or consequential (indirect) or contingent
of the courts, in New York, Hong Kong, London, Paris, and damages such as but not limited to loss of profit, loss of
Madrid. opportunity, loss of business, etc.
11.2 Every award shall be binding on “The Parties” and
enforceable at law. All the legal responsibility, administrative, criminal, court, it
11.3 By submitting the dispute to arbitration under these rules, is only and exclusively of the Buyer and of the seller, between
“The Parties” undertake to carry out any award without delay them, and under their responsibilities regarding the contract
and shall be deemed to have waived their right to any form of signed and sealed between the buyer and the Seller, if either
recourse insofar as such waiver can validly be made. party breaches their agreement and their contract.
11.4 Each of “The Parties” subject to the declared breach shall
BOTH THE BUYER AND THE SELLER CONFIRMED THAT
be responsible for their own legal expenses until an award is WOULD COMPLY AT ALL TIMES WITH THE SIGNED
given or settlement is reached, provided however, “That Party” CONTRACT AND THE AGREED LEGAL RESPONSIBILITIES
found in default by “The Arbitrator(s)” shall compensate in full OF BOTH PARTIES.
the aggrieved party its heirs, assignees and/or designs for the
total remuneration received as a result of business conducted We the undersigned being Buyer / Seller or the Buyers
named legally authorized representative as stated within the
with “The Parties” covered by this agreement, plus all its
signed and legally binding main transaction, contract
arbitration costs, legal expenses and other charges and damages unconditionally agree and undertake to approve and
deemed fair by “The Arbitrator(s)” for bank, lending originate all payments in USD currency to all beneficiaries
institutions, corporations, organizations, individuals, lenders, or named below as their rightful and payable commissions. This
borrowers, buyers or sellers that were introduced by the named agreement also acts as a record confirming the commission
party, notwithstanding any other provisions of the award. amounts for each named beneficiary as set out below:
SIGNATURE:
____________________________________
FACILITATOR BUYER GROUP No. 3
NAME: Mr. …………………..
NACIONALITY:
PASSPORT:
DATE:
SIGNATURE:
TOTAL COMMISSION SHALL BE PAID BY: The Buyer / Seller Pay Commission to all Parties against IMFPA
agreement AS FOLLOWS :
The amount of delivered refinery should be settled as herein stated to be transferred into
the account as follows: PRICE: …..USD MT/ ….USD MT - GROSS / NET.
THE BUYER / SELLER SHALL PAY THE COMMISSIONS TO ALL BENEFICIARIES THAT HERE SHOWN IN THIS NCNDA / IMFPA.
SELLER (signature & seal): BUYER (signature & seal):
d
International Chamber of Commerce (I.C.C. 400/500/600)
The world business organization PAGE 9 OF 14
NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING AGREEMENT (NCNDA)
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)
ORDER OF PAYMENT OF THE BUYER AND BUYER´S BANK, A FAVOUR OF THE BENEFICIARIES OF THIS NCNDA/IMFPA OF THE BUYER’S SIDE
DATE: WEDNESDAY, JUNE 30, 2021
TOTAL COMMISSIONS: $.... USD PER MT WITH POSSIBLE R&E UNITED STATES DOLLARS.
Seller Side
TOTAL with possible rolls and extensions:
US$: x USD per MT with possible rolls and US$: …… USD x ……. мт x 12 Months
extensions TOTAL ANNUAL AMOUNT OF CONTRACT
US$: ……… USD x …………. MT WITH ROLLS & EXTENSIONS
To split to seller's side as follows :
BENEFICIARY SELLER SIDE: Seller Side
TOTAL:
TOTAL COMMISSION: US$: x USD per MT with
US$: x USD x ……. мт x 12 Months
possible rolls and extensions.
TOTAL ANNUAL AMOUNT OF CONTRACT
US$: x USD x …………. MT WITH ROLLS & EXTENSIONS
Buyer Side
TOTAL with possible rolls and extensions:
US$: x USD x ……. мт x 12 Months
US$: x USD with possible rolls and extensions.
TOTAL ANNUAL AMOUNT OF CONTRACT
US$: x USD x …………. MT WITH ROLLS & EXTENSIONS
To split to buyer's side as follows :
BENEFICIARY BUYER SIDE (GROUP 2):
INTERMEDIARY Group 1º: Mr. ………
TOTAL:
TOTAL COMMISSION US$: x
US$: …… USD x ……. мт x 12 Months
…. USD with possible rolls and extensions. TOTAL ANNUAL AMOUNT OF CONTRACT
US$: ……… USD x …………. MT WITH ROLLS & EXTENSIONS
BENEFICIARY BUYER SIDE (GROUP 3):
FACILITATOR OF THE BUYER OR MANDATE BUYER, Mr…….
Group 2º: TOTAL:
TOTAL COMMISSION US$: US$: …… USD x ……. мт x 12 Months
….. USD per MT with possible rolls and extensions TOTAL ANNUAL AMOUNT OF CONTRACT
US$: ……… USD x …………. MT WITH ROLLS & EXTENSIONS
“Accepted and Agreed without change (Electronic signature is valid and accepted as hand signature)”
EDT ( ELECTRONIC DOCUMENT TRANSMISSIONS)
1. EDT (Electronic document transmissions) shall be deemed valid and enforceable in respect of any provisions of this Contract. As
applicable, this agreement shall be:
Incorporate U.S. Public Law 106-229, ‘‘Electronic Signatures in Global & National Commerce Act’’ or such other applicable law conforming
to the UNCITRAL Model Law on Electronic Signatures (2001)
BEFORE ME, THE UNDERSIGNED NOTARY PUBLIC PERSONALLY APPEARED THE FOLLOWING:
TO ME KNOWN TO BE THE INDIVIDUALS DESCRIBED HEREIN AND WHO EXECUTED THE FOREGOING
INSTRUMENT, AND ACKNOWLEDGED THAT THEY EXECUTED THE SAME AS THEIR FREE ACT AND DEED.
MY COMMISSION EXPIRES:
______________________________
NOTARY PUBLIC SIGNATURE
OFFICER NAME:
TITLE:
NOTARY PUBLIC NAME:
ADDRESS:
TEL:
TODAY’S DATE:
[SEAL]
THIS IS TO CERTIFY THAT THE ABOVE IRREVOCABLE PAYMENT ORDER HAS BEEN LODGED WITH
THE ORIGIN COUNTRY OF THE ISSUER AND WILL BE EXECUTED IN ACCORDANCE WITH THE
SELLER (signature & seal): BUYER (signature & seal):
d
International Chamber of Commerce (I.C.C. 400/500/600)
The world business organization PAGE 14 OF 14
NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING AGREEMENT (NCNDA)
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)
ORDER OF PAYMENT OF THE BUYER AND BUYER´S BANK, A FAVOUR OF THE BENEFICIARIES OF THIS NCNDA/IMFPA OF THE BUYER’S SIDE
DATE: WEDNESDAY, JUNE 30, 2021
INSTRUCTIONS STIPULATED IN THIS DOCUMENT.
SIGNATORIES 1 2
BANK OFFICER
BANK OFFICE
TITLE
TELEPHONE
EMAIL
PIN NUMBER
BANK NAME
BANK ADRESS
BANK TEL.
SWIFT / ABA
IBAN
TODAY’S
DATE
SEAL AND
SIGN
END OF DOCUMENT