INTERNATIONAL CHAMBER OF COMMERCE (I.C.

C
400/500/600)
NON-CIRCUMVENTION, NON-DISCLOSURE &
WORKING AGREEMENT (NCNDA)
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT
(IMFPA)
---------------------------------------------------------------------------------------SELLER:
BUYER:

DATE: XX/XX/2011
CONTRACT CODE :
SELLERS CODE:
BUYERS CODE:
TYPE OF CONTRACT :
PRODUCT ORIGIN :
QUANTITY :
CONTRACT PERIOD :
DESTINATION :
PAYMENT TERM :
NET PRICE :
SELLERS NAME :
SELLERS SIDE
REPRESENTATIVE:
BUYERS NAME :
BUYERS SIDE
REPRESENTATIVE
SELLERS MANDATE:

BUYERS INITIAL IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)

INITIAL
NON-CIRCUMVENTION NON-DISCLOSURE AGREEMENT (NCNDA)
Page 1 of 10

SELLERS

NON-CIRCUMVENTION, NONDISCLOSURE & WORKING AGREEMENT

(NCNDA)

IRREVOCABLE MASTER FEE PROTECTION

AGREEMENT (IMFPA)

WHEREAS the undersigned wish to enter into

this Agreement to define certain parameters of
the future legal obligations, are bound by a
duty of Confidentiality with respect to their
sources and contacts.
This duty is in
accordance with the International Chamber of
Commerce.

We the undersigned herewith referred as

the
, under penalty of perjury do hereby
irrevocably confirm and irrevocably accept to
pay all intermediaries and fee holders at the
same time and in a manner as the seller is being
paid for each and every transaction of this
contract up to the completion of the contract
plus rollovers and extensions and in accordance
with the bank details to be specified in the hard
copies of this contract.

WHEREAS the undersigned desire to enter a

working business relationship to the mutual
and common benefit of the parties hereto,
including
their
affiliates,
subsidiaries,
stockholders, partners, co-ventures, trading
partners, and other associated organizations
(hereinafter referred to as Affiliates).
NOW THEREFORE in consideration of the
mutual promises, assertions and covenants
herein and other good and valuable
considerations, the receipts of which is
acknowledged hereby, the parties hereby
agree as follows:
1.

TERMS AND CONDITIONS

A.
The parties will not in any manner
solicit, nor accept any business in any
manner from sources or their
affiliates, which sources were made
available through this agreement,
without the express permission of the
party who made available the source
and,
B.
The parties will maintain complete
confidentiality regarding each other
business
sources
and/or
their
Affiliates and will disclose such
business sources only to the named
parties pursuant to the express
written permission of this party who
made available the source, and,
C. That they will not in any of the
transactions the parties are desirous
of entering into and do, to the best of
their abilities assure the other that
the transaction codes established will
not be affected.
D. That they will not disclose names,
addresses,
e-mail
address,

We, the SELLER, irrevocably confirm that we

will order and direct our bank to endorse
automatic payment orders to the beneficiaries
named below; furthermore, We, the SELLER,
confirm that all pay orders shall automatically
transfer funds as directed into each beneficiaries
designated bank account within 1 (one) day
after the date of closing and completion of each
and every shipment of the product during the
contract term plus any/or extensions and rollover
of the specified contract. For the purpose of
clarity, we confirm that the closing and
completion of each and every shipment shall be
deemed to take place when the letter of credit
issued by the buyer has been drawn down at the
counters of the issuing bank.
We, SELLER, agrees to provide all beneficiaries
with written evidence of the pay orders lodged
with our bank together with acknowledgements
of their acceptance. Furthermore, our bank shall
be instructed to provide duly signed and
stamped acknowledgement of this instruction as
set out in the annex. Forming part of this
agreement. It is understood that for the
purposes of this Master Fee Protection
Agreement, our bank shall be the same bank
and this IMFPA acts as an integral part of it.
We the undersigned being SELLER or the
seller named legally authorized representative
as stated within the signed and legally binding
main transaction, contract unconditionally agree
and undertake to approve and originate all
payments in USD currency to all beneficiaries
named below as their rightful and payable
commissions. This agreement also acts as a

BUYERS INITIAL IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)

INITIAL
NON-CIRCUMVENTION NON-DISCLOSURE AGREEMENT (NCNDA)
Page 2 of 10

SELLERS

E.

F.

G.

H.

I.

J.

telephone and tele-fax or telex

numbers to any contacts by either
party to third parties and that they
each recognize such contracts as the
exclusive property of the respective
parties and they will not enter into
any
direct
negotiations
or
transactions with such contracts
revealed by the other party and
That they further undertake not to
enter into business transaction with
banks, investors, sources of funds or
other bodies, the names of which
have been provided by one of the
Parties to this agreement, unless
written permission has been obtained
from the other party (ies) to do so.
For the sale of this agreement, it does
not matter whether information
obtained from a natural or a legal
person. The parties also undertake
not to make use of a third party to
circumvent this clause.
That in the event of circumvention of
this Agreement by either party,
directly
or
indirectly,
the
circumvented party shall be entitled
to a legal monetary penalty equal to
the maximum service it should
realize from such a transaction plus
any and all expenses, including but
not limited to all legal costs and
expenses incurred to recover the lost
revenue.
All considerations, benefits, bonuses,
participation fees and/or commissions
received
as
a
result
of
the
contributions of the parties in the
Agreement, relating to any and all
transactions will be allocated as
mutually agreed.
This Agreement is valid for any and
all transaction between the parties
herein and shall be governed by the
enforceable
law
in
All
Commonwealth
Countrys,
European Union Countrys, USA
Courts, or under Swiss Law in Zurich,
in the event of dispute, the
arbitration laws of states will apply.
The signing parties hereby accept
such selected jurisdiction as the
exclusive venue. The duration of the
Agreement shall perpetuate for five
(5) years from last date of
signing.

record confirming the commission amounts for

each named beneficiary as set out below:TOTAL COMMISSION SHALL BE PAID BY THE
SELLER AS FOLLOWS:The amount of delivered refinery should be
settled as herein stated to be transferred into
the account as follows:

SELLER side USD$ __ /MT per

each DELIVERY as a contract
condition (open)
BUYER side USD$ __ /MT per
each DELIVERY as a contract
condition (open)
TERM & CONDITIONS:
This master fee protection agreement covers the
initial contract and shall include any renewals,
extensions, rollovers, additions or any new or
transfer contract any how originated from this
transaction because of the above intermediaries
or changing codes of the initial contract entered
into between the BUYER and SELLER.
This master fee protection agreement and any
subsequently issued pay orders shall be
assignable, transferable and divisible and shall
not be amended without the express written and
notarized consent of the receiving beneficiary. All
parties agree neither to circumvent nor to
attempt circumvent either for the transaction of
this current contract or in the future for a period
of five (5) years from the date of the execution
of this fee protection agreement. This document
binds all parties, their employees, associates,
transferees and assignees or designees.
All faxed and/or e-mailed signatures shall be
considered as original signatures for the purpose
of binding all parties to this agreement. This
document may be signed & in any number of
counterparts all of which shall be taken together
and shall constitute as being one & the same
instrument.
Any party may enter into this document and the
agreement constituted thereby by signing any
counterpart any time, date or period mentioned
in any provision of this document shall only be

BUYERS INITIAL IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)

INITIAL
NON-CIRCUMVENTION NON-DISCLOSURE AGREEMENT (NCNDA)
Page 3 of 10

SELLERS

amended by agreement in writing and signed off

by all parties concerned.
2.

AGREEMENT TO TERMS
A. Signatures
on
this
Agreement
received by the way of Facsimile, Mail
and/or E-mail shall be an executed
contract. Agreement enforceable
and admissible for all purposes as
may be necessary under the terms of
the Agreement.
B. All signatories hereto acknowledge
that they have read the foregoing
Agreement and by their initials and
signature that they have full and
complete authority to execute the
document for and in the name of the
party for which they have given their
signature.

Furthermore, we agree that any and all

commissions due shall be paid to the beneficiary
as a result of any extension or rolls of the
contract and that we shall effect all necessary
documentation with our bank without any undue
delays to ensure such commissions and paid
within the terms of the agreement.
PARTIAL INVALIDITY:
The illegality, invalidity and non-enforceable
provision of this document under the laws of any
jurisdiction shall not affect its illegality, validity
or enforceability under the law of any other
jurisdiction or provision.
GOVERNING LAW AND JURISDICTION:
This document shall be governed & construed in
accordance with current English or I.C.C
400/500/600 signed between partners NCND
laws.
ARBITRATION:
All parties agree to refer any disputes between
the parties arising out of or in connection with
this
agreement
including
any
questions
regarding its existence, validity or termination to
arbitration rules of the international arbitration
centre (I.A.C). The appointed arbitrator shall hold
the proceedings in any country chosen by the
parties and the rules of the IAC shall apply.
This document is signed and accepted by parties
named below as to be included in the main
contract.

Accepted and agreed without change (Electronic signature is valid and accepted as
hand signature)
EDT (ELECTRONIC DOCUMENT TRANSMISSIONS)
1.

2.
3.

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)
ELECTRONIC COMMERCE AGREEMENT (ECE/TRADE/257, Geneva, May 2000) adopted by the
United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT).
EDT documents shall be subject to European Community Directive No. 95/46/EEC, as
applicable. Either Party may request hard copy of any document that has been previously
transmitted by electronic means provided however, that any such request shall in no manner
delay the parties from performing their respective obligations and duties under EDT
instruments.

BUYERS INITIAL IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)

INITIAL
NON-CIRCUMVENTION NON-DISCLOSURE AGREEMENT (NCNDA)
Page 4 of 10

SELLERS

NON-CIRCUMVENTION, NON-DISCLOSURE
& WORKING AGREEMENT (NCNDA)

IRREVOCABLE MASTER FEE PROTECTION

AGREEMENT (IMFPA)

THE PRINCIPAL SELLER

NAME :
ID NO /
Passport #

Beneficiarys
Name :

Nationality :

Account Name
:

Company
Name

IBAN Code:

Designation
:

Bank Name :

Address :

Bank
Address :

Telephone #
:

Swift Code :

Fax # :

Bank Officer:

Mobile # :

Bank
Telephone :

Email
Address:

Bank Fax # :

Todays
Date :
BUYERS INITIAL IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)
INITIAL
NON-CIRCUMVENTION NON-DISCLOSURE AGREEMENT (NCNDA)
Page 5 of 10

SELLERS

NOTARY PUBLIC ATTESTATION

ON THIS DATE, BEFORE ME, THE UNDERSIGNED NOTARY
PUBLIC, PERSONALLY APPEARED THE PERSON 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.

SIGNATURE
&
SEAL

______________________________________________
NOTARY PUBLIC SIGNATURE & SEAL
SPECIAL
INSTRUCTIONS

PRE-ADVICE MUST BE SENT VIA SWIFT PRIOR TO WIRE TRANSFER AND EMAIL NOTIFICATION
IMMEDIATELY UPON EACH TRANCHE TRANSFER PAYMENT TOGETHER WITH THE TRANSACTION
CODE(S) TO:

REQUIRED
MESSAGE

ALL TRANSFER INSTRUCTIONS SHALL STATE: FUNDS ARE CLEAN AND CLEAR, OF NONCRIMINAL ORIGIN AND ARE PAYABLE IN CASH IMMEDIATELY UPON RECEIPT BY BENEIFICIARYS
BANK.

NON-CIRCUMVENTION, NON-DISCLOSURE
& WORKING AGREEMENT (NCNDA)

IRREVOCABLE MASTER FEE PROTECTION

AGREEMENT (IMFPA)

THE PRINCIPAL BUYER

NAME :

Beneficiarys
Name :

ID NO /
Passport #

Account
Name :

Nationality :

Account # :

Company
Name

Bank Name :

Address :

Bank Address :

Telephone #
:

SWIFT Code :

Fax # :

IBAN:

Email
Address:

Bank Officer :

Todays
Date :

Bank
Telephone :

BUYERS INITIAL IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)

INITIAL
NON-CIRCUMVENTION NON-DISCLOSURE AGREEMENT (NCNDA)
Page 6 of 10

SELLERS

NOTARY PUBLIC ATTESTATION

ON THIS DATE, BEFORE ME, THE UNDERSIGNED NOTARY
PUBLIC, PERSONALLY APPEARED THE PERSON 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.

SIGNATURE
&
SEAL

______________________________________________
NOTARY PUBLIC SIGNATURE & SEAL
SPECIAL
INSTRUCTIONS

PRE-ADVICE MUST BE SENT VIA SWIFT PRIOR TO WIRE TRANSFER AND EMAIL NOTIFICATION
IMMEDIATELY UPON EACH TRANCHE TRANSFER PAYMENT TOGETHER WITH THE TRANSACTION
CODE(S) TO:

REQUIRED
MESSAGE

ALL TRANSFER INSTRUCTIONS SHALL STATE: FUNDS ARE CLEAN AND CLEAR, OF NONCRIMINAL ORIGIN AND ARE PAYABLE IN CASH IMMEDIATELY UPON RECEIPT BY BENEIFICIARYS
BANK.

NON-CIRCUMVENTION, NON-DISCLOSURE
& WORKING AGREEMENT (NCNDA)

IRREVOCABLE MASTER FEE PROTECTION

AGREEMENT (IMFPA)

THE BUYER MANDATE

NAME :

Commission :

ID NO /
Passport #

Beneficiarys
Name :

Nationality :

Account
Name :

Company
Name

Account # :

Designation
:

Bank Name :

Address :

Bank Address :

Telephone #
:

Swift Code :

Fax # :

IBAN :

Email
Address:

Bank Phone:

BUYERS INITIAL IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)

INITIAL
NON-CIRCUMVENTION NON-DISCLOSURE AGREEMENT (NCNDA)
Page 7 of 10

SELLERS

Todays
Date :

Bank fax:
Paymaster:
NOTARY PUBLIC ATTESTATION
ON THIS DATE, BEFORE ME, THE UNDERSIGNED NOTARY
PUBLIC, PERSONALLY APPEARED THE PERSON 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.

SIGNATURE
&
SEAL

MY COMMISSION EXPIRES:
______________________________________________
NOTARY PUBLIC SIGNATURE & SEAL

SPECIAL
INSTRUCTIONS

PRE-ADVICE MUST BE SENT VIA SWIFT PRIOR TO WIRE TRANSFER AND EMAIL NOTIFICATION
IMMEDIATELY UPON EACH TRANCHE TRANSFER PAYMENT TOGETHER WITH THE TRANSACTION
CODE(S) TO: [email protected]

REQUIRED
MESSAGE

ALL TRANSFER INSTRUCTIONS SHALL STATE: FUNDS ARE CLEAN AND CLEAR, OF NONCRIMINAL ORIGIN AND ARE PAYABLE IN CASH IMMEDIATELY UPON RECEIPT BY BENEIFICIARYS
BANK.

BUYERS INITIAL IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)

INITIAL
NON-CIRCUMVENTION NON-DISCLOSURE AGREEMENT (NCNDA)
Page 8 of 10

SELLERS

NON-CIRCUMVENTION, NON-DISCLOSURE
& WORKING AGREEMENT (NCNDA)

IRREVOCABLE MASTER FEE PROTECTION

AGREEMENT (IMFPA)

INTERMEDIARY

NAME :

Commission :

ID NO /
Passport #

Beneficiarys
Name :

Nationality :

Account
Name :

Company
Name

Account # :

Designation
:

Bank Name :

Address :

Bank Address :

Telephone #
:

Swift Code :

Fax # :

IBAN :

Email
Address:

Bank Phone:

Todays
Date :

Bank fax:
Paymaster:
NOTARY PUBLIC ATTESTATION
ON THIS DATE, BEFORE ME, THE UNDERSIGNED NOTARY
PUBLIC, PERSONALLY APPEARED THE PERSON 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.

SIGNATURE
&
SEAL

MY COMMISSION EXPIRES:
______________________________________________
NOTARY PUBLIC SIGNATURE & SEAL

SPECIAL
INSTRUCTIONS

PRE-ADVICE MUST BE SENT VIA SWIFT PRIOR TO WIRE TRANSFER AND EMAIL NOTIFICATION
IMMEDIATELY UPON EACH TRANCHE TRANSFER PAYMENT TOGETHER WITH THE TRANSACTION
CODE(S) TO:

REQUIRED
MESSAGE

ALL TRANSFER INSTRUCTIONS SHALL STATE: FUNDS ARE CLEAN AND CLEAR, OF NONCRIMINAL ORIGIN AND ARE PAYABLE IN CASH IMMEDIATELY UPON RECEIPT BY BENEIFICIARYS
BANK.

BUYERS INITIAL IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)

INITIAL
NON-CIRCUMVENTION NON-DISCLOSURE AGREEMENT (NCNDA)
Page 9 of 10

SELLERS

ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARIES

ABOVE

NOTARY PUBLIC
ON THIS DATE OF ___ _________, 2011
BEFORE ME, THE UNDERSIGNED NOTARY PUBLIC, PERSOALLY 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:
TODAYS DATE:
[SEAL]

BANK ENDORSEMENT
THIS IS TO CERTIFY THAT THE ABOVE IRREVOCABLE PAYMENT ORDER HAS BEEN LODGED
WITH US AND WILL BE EXECUTED IN ACCORDANCE WITH THE INSTRUCTIONS STIPULATED IN
THIS DOCUMENT.

_______________________________
BANK OFFICER 1 SIGNATURE
BANK OFFICE NAME:
TITLE:
PIN NUMBER:
BANK NAME:
BANK ADDRESS:
BANK TEL:
TODAYS DATE:
[SEAL]
_______________________________
BANK OFFICER 2 SIGNATURE
BANK OFFICE NAME:
TITLE:
PIN NUMBER:
BANK NAME:
BANK ADDRESS:
BANK TEL:
TODAYS DATE:
[SEAL]
END OF DOCUMENT
BUYERS INITIAL IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)
INITIAL
NON-CIRCUMVENTION NON-DISCLOSURE AGREEMENT (NCNDA)
Page 10 of 10

SELLERS