Crude Oil Broker Commission Agreement

7. By VPA, IFPA or IMFPA. IMFPA stands for (Irrevocable Master Fee Protection Agreement.) The APV (Fee Protection Agreement) and the NCND are generally linked. The FPA/NCND is not the right way to protect the interests of intermediaries/brokers. Be careful when someone claims to be the mandate, the supplier, the final buyer, while claiming the FPA and the NCND. A real mandate never fears circumvention, for it is protected by the one who renewed its mandate. Does the MFPA (Masters Fee Protection Agreement) impose commission payments? The defective MFPA document does not protect the payment of a commission. There are documents of international law that can protect your commission, but the MFPA is not one of them. 10 9. Custom LEVIES AND DUTIES All export duties and taxes, customs duties and taxes payable at Last Port are on the seller`s account. All customs duties, taxes and port taxes payable at the time of handling (if applicable) are the responsibility of the buyer.

SAMPLE CONTRACT AGREEMENT FOR THE SALES AND PURCHASE OF NIGERIA PETROLEUM PRODUCT ON TTT TRANSACTION CODE: 19/12/59 2M-TTT CO BONNY BUYER S INITIAL SELLER S INITIAL 10. TITLE AND RISK Property and risk of loss or deterioration of crude oil transferred from seller to buyer after the seller`s ship has transferred the crude oil into the buyer`s ship. 6. Through NCDs or NDAs. NCNDA means (Non Circumvention, Non Disclosure Agreement.) This document is not worth the paper on which it is written. If you have your name on that document and you are bypassed, do you have hundreds of thousands of dollars to pay to get that through the international courts? It is a very difficult document to impose. Only an ill-informed or unqualified intermediary/broker would send you an NCNDA. Is NCNDA a protection for an intermediary? Not even close to protection. Once again, the NCND is a totally useless piece of paper, unless the product is in your own country. At the international level, these documents, which circulate on the Internet, are not enforceable in the courts. 1. Broker Chains: Do not participate in broker chains.

The key is access to Prinzipale. I do NOT work on offers in which I do not have access to BOTH SELLER and Buyer. The worst part is people who do nothing but relay emails without even reading them. They will never take you to the finish line, because they are just ignorant messengers who are not good for nothing. No transparency, no agreement. This is not the CIA for business. Work with a small group of trusted colleagues instead of chasing all agreements. The elected official does not receive a commission from the buyer`s side of the agreement. A warrant officer must make numerous transactions to obtain a reasonable amount of commission from the supplier.

Many intermediaries claim the mandate ship, because they think they are elected next to the supplier, they put them in an excellent position. It`s not true. An intermediary in a chain store will earn much more money than a warrant officer. The best position in a deal is the “buyer/seller control agent.”