Irrevocable Master Fee Protection Agreement

Seller’s Name .: .
Address .:
Phone Number .:
Fax Number .:
Celular Phone .:
Signatory .:
Title .:

Commodity .: Sugar Icumsa 45
Quantity .: 300.000 MT
Duration .: 12 Shipments
Delivery .: .: Once

Price Basis .: $

1. This Fee Protection Agreement (FPA) is issued to the Paymaster involved in the sale of the Commodity identified by the above Contract Number. Commission payments will be made after the delivery and payment for each shipment, as agreed between the Seller and the beneficiary Paymasters. The commission will be paid to the beneficiary Paymaster named in this F.P.A. for all contracted quantity including all extensions and rollovers on shipment by shipment basis as per the following proceeds:

1.1 The entitlements herein specified, will be transferred in full compliance with articles 48 and 49 of ICC Publication N° 500, as amended, in favor of the Paymaster herein been named.
1.2 Payable automatically, upon payment for each and every shipment, by swift wire transfer.
1.3 The payments will be made without protest, delay or deductions (other than normal Bank wire transfer fees).
1.4 The entitlement under this (F.P.A.) covers the entire transaction identified and defined herein including all extensions and rollovers.

2. I, the undersigned, Mr. …………………, with full corporate authority and legal responsibility, under penalty of perjury, on behalf of the Seller do hereby irrevocably and conditionally undertake to pay the commission specified in this (F.P.A.) in Dollars , in favor of the beneficiary Paymaster named herein.

A commission will be paid directly from bank to bank, The said commission becomes payable if the referenced transaction has successfully been concluded and the payment of the commodity has been made by the Buyer in favor of the undersigned in respect of each and every shipment that has been delivered.
The responsibility of the undersigned payer is limited to the transfer of the entitlement to the beneficiary paymaster whenever the commodity delivered has been paid by the Buyer and to the observance of the practices of the NC/ND.





3. Seller’s Banking Information



BANK NAME:
ADDRESS:
CITY:
COUNTRY:
OFFICER NAME:
ACCOUNT NAME:
SWIFT CODE:
TELEPHONE:
FAX:

4. Beneficiary’s Banking Information

Commission .: US$1,000 per MT = US$300.000,00
Phone & Fax
Beneficiary .:
Bank Name .:
Bank Address .:
Agency .:
Account Number :
Bank Officer .:
SWIFT Code .:
Phone Number .:
Fax Number .:


Beneficiary’s Banking Information

Commission .: US$????? per MT = US$????????
Phone & Fax
Beneficiary .:
Bank Name .:
Bank Address .:
Agency Number .:
Account Number :
Bank Officer .:
SWIFT Code .:
Phone Number .:
Fax Number .:

The Parties agree that Fax/EDT signed and sealed copies of this Fee Protection Agreement will be in full force and effect.

Place and Date of issue.: Signatory Seller.: