IRREVOCABLE FEE PROTECTION AGREEMENT, PAY ORDER And NCND AGREEMENT
Buyer: Product: / OTHER COMMODITIES FROM THE SAME SOURCE Quantity – TO BE ESTABLISHED TIME TO TIME Price – DEPENDING ON THE PRODUCT
We, having our main business office located at …………………………………………. represented by President/director , under any applicable penalty of perjury, so deem this a legal and binding Irrevocable Fee Protection Agreement for all transactions under the above referenced Transaction Code. Pursuant to a successful transaction, we, the mandate will disburse the fees as per this Fee Protection Agreement to from our commission upon each and every Contract Invoice concluded and cash settlement to the Seller is complete, including, but not limited to, any and all additions, renewals, rollovers, and extensions, to the herein stated beneficiaries and their legal heirs.
These payments are made for services rendered for the above referenced transaction upon signing the Contract. The Transaction Code allocated on the Contract shall automatically apply to this Irrevocable Fee Protection Agreement and will remain for the duration of the entire Contract period, including, but not limited to, any and all additions, renewals, rollovers, and extensions.
We, at or our assigns, further irrevocably undertake to make payment in full upon completion of each and every Contract Invoice of the transaction on the same day that cash settlement to the Seller is complete, and we shall confirm the payment of fees to the herein stated Beneficiaries and their legal heirs in relation thereto via S.W.I.F.T. message.
The payment of fees shall be made without protest, delay or legal impediment, regardless of any variation or condition which may be agreed between the Principals, in the currency of United States (USD). This Irrevocable Fee Protection Agreement will be lodged with the Buyer’s Bank at the time of the commencement of this transaction.
Fees will be transmitted out of our Bank free of all charges, liens, taxes or encumbrances of any kind except the Buyer’s Bank S.W.I.F.T. Wire Transfer charges for affecting the said Wire Transfers.
This document is unchangeable and irrevocable as to its content and constitutes a legal and binding contract for payment of the above said fees. This document may not be hypothecated without the express written permission from the undersigned.
A facsimile /email copy of this Agreement is considered to be and deemed as original, duly validated, legal, binding and enforceable on all Parties hereto.
This Agreement is Irrevocable, Unconditional, Assignable and Divisible and follows the Rules and Regulations as set forth in the International Chamber of Commerce (“ICC”), 2000 Edition, Rules of Conciliation and Arbitration.
The Transaction Code or any other Identification Codes, Banks, Fiduciaries or Trusts, shall always remain the same and shall not be changed, including any and all additions, renewals, rollovers, and extensions, until this transaction has been completed, without the written consent of the Parties hereto.
The Parties hereto agree not to circumvent, and not to disclose any confidential information relating to, any of the Parties involved in this transaction or any future transactions for a period of Five (5) years from the date of the last Contract Invoice under the above-mentioned Transaction Code, including any and all additions, renewals, rollovers, and extensions, and such agreement not to circumvent or to disclose aforesaid shall apply to any following transaction or new agreement between the Parties.
This Agreement shall be governed by, and construed and interpreted in accordance with the laws, Rules and Regulations of the ICC, Paris, France, the Courts of which shall be the forum for any and all disputes arising out of or in connection herewith.
Detailed list of PAYMASTER- Paymaster 1 : Commission : per MT (US$ 0,00)
Beneficiary: Bank Name :
Account Name: Account No.: SWIFT Code: Bank Officer Bank Number Bank Fax Signature PAYMASTER (SIGNATURE & SEAL) _________________________________ ON BEHALF OF Passport No. DATE
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