IRREVOCABLE FEE PAYMENT AGREEMENT WITH NCND CLAUSE

Beneficiary :  < Beneficiary Company Name >

1. We, < Pay Master >  under penalty of perjury and full corporate responsibility, so deem this is a legal and binding Irrevocable Fee Protection Agreement for services rendered in brokerage for selling of the product stated in clause 2 below, and pursuant to a successful transaction between the Buyer and the Seller (stated in clause 2 below), will disburse the fee stated in clause 2 below upon each and every transaction settlement thereof within five (5) banking/working days upon payment is received from the Buyer.

2. Product :  Diesel / Gas Oil (0.2/62, GOST 305-82)

    Contract Number : 

Quantity : 

    Transaction Code : 

Seller  : 

Buyer  : 

Fee Payable :  ??? (USD ?.??) United States Dollars Per Metric Ton

3. The fee shall be paid via direct S.W.I.F.T. transfer, to the beneficiary banking account, namely :

    Beneficiary #1 : 

    Bank Name : 

Bank Address : 

Account Name: (MUST BE CORPORATE ACCOUNT)

Account No. : 

Swift Code : 

4. We, or our assigns, further irrevocably undertake to make the payment in full to the above stated sole Beneficiary.

5. Fee will be transmitted out of the payer's bank free of all charges, liens, taxes or encumbrance of any kind except those wire charges that effect the transfer of said funds to the above named Beneficiary and/or assigns for the above referenced codes. 

6. This document embodies all the terms and condition agreed upon between the parties hereto and supersedes and cancels in all respects all previous representation warranties promises Agreements and undertakings (if any) between the parties hereto whether such be written or oral and no amendment or other variation of this document shall be binding unless the same is duly effected by an instrument in writing signed by both the parties hereto.

7. PDF/JPG version or Facsimiles copy of this agreement is considered to be, and deemed, as original, valid, legally binding and enforceable to all parties hereto.

8. This Pay Order is irrevocable and shall be governed by Singapore law. All possible disputes between parties in this particular Irrevocable Fee Protection Agreement will be settled at the tribunals in Singapore.

9.  Seller shall not be responsible for the payment of the commission for any shipment due to force majeure such as war, serious fire, terrorist attack, flood, typhoon and earthquakes as the clause 10 of the contract.  If there is evidence to show that the Seller has not received any money from the Buyer for the transaction herein contemplated the Seller shall not be obliged to pay the commission due.

All parties hereto agree not to circumvent any or the parties in this transaction or any future transactions for a period of (5) five years from the date of the last tranche under the above mentioned transaction, and shall apply to any following transaction or new agreement between the parties.

Agreed and accepted, on
By seller : 

Sign :    

Name :  

Position : 

Seal : 

Agreed and accepted, on
By beneficiary: 

Sign:   

Name :                                       

Position : 

Seal :