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BUYER:
Mr:
Seller:
Mr.
ContractCode:
Seller’sCode:
Buyer’sCode:
Typeofdeal:
0.000.000MTCIFASWP
Product:
ProductOrigin:
BRAZIL
ContractQuantity:
00X000.000MTPERMONTHS
ContractPeriod:
00MONTHS
DeliveryTerms:
Seller’sName:
Seller’ssideRepresentative:
Buyer’sName:
Buyer’ssideRepresentative:
ContractDate:
OCTOBER00,2010
WHEREAStheundersignedwishtoenterintothisAgreementtodefinecertainparametersofthefuturelegalobligations,areboundbyadutyofConfidentialitywithrespecttotheirsourcesandcontacts.ThisdutyisinaccordancewiththeInternationalChamberofCommerce.
WHEREAStheundersigneddesiretoenteraworkingbusinessrelationshiptothemutualandcommonbenefitofthepartieshereto,includingtheiraffiliates,subsidiaries,stockholders,partners,co-ventures,tradingpartners,andotherassociatedorganizations(hereinafterreferredtoas“Affiliates”).
NOWTHEREFOREinconsiderationofthemutualpromises,assertionsandcovenantshereinandothergoodandvaluableconsiderations,thereceiptsofwhichisacknowledgedhereby,thepartiesherebyagreeasfollows:
1.TERMSANDCONDITIONS
A.Thepartieswillnotinanymannersolicit,noracceptanybusinessinanymannerfromsourcesortheiraffiliates,whichsourcesweremadeavailablethroughthisagreement,withouttheexpresspermissionofthepartywhomadeavailablethesourceand,
B.Thepartieswillmaintaincompleteconfidentialityregardingeachotherbusinesssourcesand/ortheirAffiliatesandwilldisclosesuchbusinesssourcesonlytothenamedpartiespursuanttotheexpresswrittenpermissionofthispartywhomadeavailablethesource,and,
C.Thattheywillnotinanyofthetransactionsthepartiesaredesirousofenteringintoanddo,tothebestoftheirabilitiesassuretheotherthatthetransactioncodesestablishedwillnotbeaffected.
D.Thattheywillnotdisclosenames,addresses,e-mailaddress,telephoneandtele-faxortelexnumberstoanycontactsbyeitherpartytothirdpartiesandthattheyeachrecognizesuchcontractsastheexclusivepropertyoftherespectivepartiesandtheywillnotenterintoanydirectnegotiationsortransactionswithsuchcontractsrevealedbytheotherpartyand
E.Thattheyfurtherundertakenottoenterintobusinesstransactionwithbanks,investors,sourcesoffundsorotherbodies,thenamesofwhichhavebeenprovidedbyoneofthe
F.Partiestothisagreement,unlesswrittenpermissionhasbeenobtainedfromtheotherparty(ies)todoso.Forthesaleofthisagreement,itdoesnotmatterwhetherinformationobtainedfromanaturaloralegalperson.Thepartiesalsoundertakenottomakeuseofathirdpartytocircumventthisclause.
G.ThatintheeventofcircumventionofthisAgreementbyeitherparty,directlyorindirectly,thecircumventedpartyshallbeentitledtoalegalmonetarypenaltyequaltothemaximumserviceitshouldrealizefromsuchatransactionplusanyandallexpenses,includingbutnotlimitedtoalllegalcostsandexpensesincurredtorecoverthelostrevenue.
H.Allconsiderations,benefits,bonuses,participationfeesand/orcommissionsreceivedasaresultofthecontributionsofthepartiesintheAgreement,relatingtoanyandalltransactionswillbeallocatedasmutuallyagreed.
I.ThisAgreementisvalidforanyandalltransactionbetweenthepartieshereinandshallbegovernedbytheenforceablelawinAllCommonwealthCountry’s,EuropeanUnionCountry’s,USACourts,orunderSwissLawinZurich,intheeventofdispute,thearbitrationlawsofstateswillapply.
J.Thesigningpartiesherebyacceptsuchselectedjurisdictionastheexclusivevenue.ThedurationoftheAgreementshallperpetuateforfive(5)yearsfromlastdateofsigning.
2.AGREEMENTTOTERMS
A.SignaturesonthisAgreementreceivedbythewayofFacsimile,Mailand/orE-mailshallbeanexecutedcontract.AgreementenforceableandadmissibleforallpurposesasmaybenecessaryunderthetermsoftheAgreement.
B.AllsignatoriesheretoacknowledgethattheyhavereadtheforegoingAgreementandbytheirinitialsandsignaturethattheyhavefullandcompleteauthoritytoexecutethedocumentforandinthenameofthepartyforwhichtheyhavegiventheirsignature.
WetheundersignedherewithreferredastheSeller,underpenaltyofperjurydoherebyirrevocablyconfirmandirrevocablyaccepttopayallintermediariesandfeeholdersatthesametimeandinamannerasthesellerisbeingpaidforeachandeverytransactionofthiscontractuptothecompletionofthecontractplusrolloversandextensionsandinaccordancewiththebankdetailstobespecifiedinthiscontract.
We,theSELLER,irrevocablyconfirmthatwewillorderanddirectourbanktoendorseautomaticpaymentorderstothebeneficiariesnamedbelow;
furthermore,We,theSELLER,confirmthatallpayordersshallautomaticallytransferfundsasdirectedintoeachbeneficiariesdesignatedbankaccountwithin1(one)dayafterthedateofclosingandcompletionofeachandeveryshipmentoftheproductduringthecontracttermplusany/orextensionsandrolloverofthespecifiedcontract.Forthepurposeofclarity,weconfirmthattheclosingandcompletionofeachandeveryshipmentshallbedeemedtotakeplacewhentheletterofcreditissuedbythebuyerhasbeendrawndownatthecountersoftheissuingbank.
We,theSELLER,agreetoprovideallbeneficiarieswithwrittenevidenceofthepayorderslodgedwithourbanktogetherwithacknowledgementsoftheiracceptance.Furthermore,ourbankshallbeinstructedtoprovidedulysignedandstampedacknowledgementofthisinstructionassetoutintheannex.Formingpartofthisagreement.ItisunderstoodthatforthepurposesofthisMasterFeeProtectionAgreement,ourbankshallbethesamebankandthisIMFPAactsasanintegralpartofit.
WetheundersignedbeingBUYERorthesellernamedlegallyauthorizedrepresentativeasstatedwithinthesignedandlegallybindingmaintransaction,contractunconditionallyagreeandundertaketoapproveandoriginateallpaymentsinUSDcurrencytoallbeneficiariesnamedbelowastheirrightfulandpayablecommissions.Thisagreementalsoactsasarecordconfirmingthecommissionamountsforeachnamedbeneficiaryassetoutbelow:
-
TOTALCOMMISSIONSHALLBEPAIDBYTHESELLERASFOLLOWS:
Theamountofdeliveredrefineryshouldbesettledashereinstatedtobetransferredintotheaccountasfollows:
SELLERsideUSD$X.XX/[MT][BBL](Closed)
BUYERsideUSD$XXX/MT
TERM&
CONDITIONS:
Thismasterfeeprotectionagreementcoverstheinitialcontractandshallincludeanyrenewals,extensions,rollovers,additionsoranynewortransfercontractanyhoworiginatedfromthistransactionbecauseoftheaboveintermediariesorchangingcodesoftheinitialcontractenteredintobetweentheBUYERandSELLER.
Thismasterfeeprotectionagreementandanysubsequentlyissuedpayordersshallbeassignable,transferableanddivisibleandshallnotbeamendedwithouttheexpresswrittenandnotarizedconsentofthereceivingbeneficiary.Allpartiesagreeneithertocircumventnortoattemptcircumventeitherforthetransactionofthiscurrentcontractorinthefutureforaperiodoffive(5)yearsfromthedateoftheexecutionofthisfeeprotectionagreement.Thisdocumentbindsallparties,theiremployees,associates,transfereesandassigneesordesignees.
Allfaxedand/ore-mailedsignaturesshallbeconsideredasoriginalsignaturesforthepurposeofbindingallpartiestothisagreement.Thisdocumentmaybesigned&
inanynumberofcounterpartsallofwhichshallbetakentogetherandshallconstituteasbeingone&
thesameinstrument.
Anypartymayenterintothisdocumentandtheagreementconstitutedtherebybysigninganycounterpartanytime,dateorperiodmentionedinanyprovisionofthisdocumentshallonlybeamendedbyagreementinwritingandsignedoffbyallpartiesconcerned.
Furthermore,weagreethatanyandallcommissionsdueshallbepaidtothebeneficiaryasaresultofanyextensionorrollsofthecontractandthatweshalleffectallnecessarydocumentationwithourbankwithoutanyunduedelaystoensuresuchcommissionsandpaidwithinthetermsoftheagreement.
PARTIALINVALIDITY:
Theillegality,invalidityandnon-enforceableprovisionofthisdocumentunderthelawsofanyjurisdictionshallnotaffectitsillegality,validityorenforceabilityunderthelawofanyotherjurisdictionorprovision.
GOVERNINGLAWANDJURISDICTION:
Thisdocumentshallbegoverned&
construedinaccordancewithcurrentEnglishorI.C.C400/500/600signedbetweenpartnersNCNDlaws.
ARBITRATION:
Allpartiesagreetoreferanydisputesbetweenthepartiesarisingoutoforinconnectionwiththisagreementincludinganyquestionsregardingitsexistence,validityorterminationtoarbitrationrulesoftheinternationalarbitrationcentre(I.A.C).TheappointedarbitratorshallholdtheproceedingsinanycountrychosenbythepartiesandtherulesoftheIACshallapply.
Thisdocumentissignedandacceptedbypartiesnamedbelowastobeincludedinthemaincontract.
“Acceptedandagreedwithoutchange(Electronicsignatureisvalidandacceptedashandsignature)”
EDT(Electronicdocumenttransmissions)
1.EDT(Electronicdocumenttransmissions)shallbedeemedvalidandenforceableinrespectofan