Commission Contract

Date: 

No.: 

Name

Address

Tel 



PAYMENT TERMS
MODE OF PAYMENT: Wire Transfer 



BENEFICIARY´S DETAILS
DATE: 

Name: 

I.D.No:   

Company Name: 

Address: 

POSTCODE: 

Telephone: 

Fax: 

Email:  



BENEFICIARY´S BANK DETAILS
Payto: 

SWIFT Add:

FEDWIRE ABA: 

Account: 

SWIFT Add: 

DDA: 

Favouring: 

Beneficary Name:  



COMMISSION DETAILS
TOTAL CONTRACT: XXX,000 MT±5% per year, not less XX,000 MT±5% per month

COMMISSION AMOUNT: .. USD/MT 

TOTAL COMMISSION VALUE: XXX,000.00 US$ (+/- 5%)(- TAX & transfer CHARGE) 

IF AND WHEN THE FINANCIAL INSTRUMENT (LC/SLC/PBG/Wire Transfer) IS EXECUTED FOR PER SHIPMENT VALUE AND THE SHIPPING DOCUMENTS HAVE BEEN PRESENTED FOR REIMBURSEMENT, PAYMENT OF THE EXPORT PROFIT SHALL BE MADE BY WIRE TRANSFER TO THE BENEFICIARY NAMED HEREIN BY THE PAYMASTER (ABOVE) WITHOUT PROTEST OR DELAY, PAYABLE WITHIN 02 (TWO) BANKING DAYS OF WIRE TRANSFER PAYMENT TO THE PAYER’S ACCOUNT FOR THE MASTER IRREVOCABLE EXPORT PROFIT PAYMENT ORDER (IEPPO) FOR THE ABOVE TRANSACTIONS AND WITHOUT ANY DEDUCTIONS EXCEPT BANK TRANSFER FEES.

THE UNDERSIGNED PAYER HEREBY GUARANTEES WITH FULL RESPONSIBILITY AND AUTHORITY UPON THE CLOSING OF EACH AND EVERY DELIVERY IN THE ABOVE REFERENCED TRANSACTION, TO PAY THE UNDERSIGNED BENEFICIARY THE ENTITLEMENT HEREIN STATED. THIS IRREVOCABLE EXPORT PROFIT PAYMENT ORDER IS VALID UPON COMMENCEMENT OF THE TRANSACTION HEREIN STATED AND SHALL REMAIN VALID AND ENFORCEABLE FOR THE FULL TERM OF THIS TRANSACTION AND SHALL APPLY TO ANY AND ALL RENEWALS, EXTENSIONS, ROLL-OVERS, ADDITIONS OR NEW AGREEMENTS BETWEEN THE BUYER AND THE SELLER, THEIR SHAREHOLDERS AND/OR ASSIGNEES. THIS IRREVOCABLE EXPORT PROFIT PAYMENT ORDER IS CONDITIONAL, ASSIGNABLE AND DIVISIBLE. THE SELLER’S CODES (WHICH SHALL BE ASSIGNED UPON EXECUTION OF THE ABOVE REFERENCED CONTRACT), 

SHALL ALWAYS REMAIN THE SAME AND SHALL NOT BE CHANGED UNTIL THIS TRANSACTION HAS BEEN COMPLETED, INCLUDING ANY RENEWALS, EXTENSIONS, and ROLL-OVERS ETC.... WITHOUT THE WRITTEN CONSENT HAVE ALL PARTICIPANTS INCLUDING THE BENEFICIARY OF THIS IRREVOCABLE EXPORT PROFIT PAYMENT ORDER. ALL PARTIES HEREBY AGREE NOT TO CIRCUMVENT, NOR ATTEMPT TO CIRCUMVENT ANY OF THE PARTIES IN THIS TRANSACTION NOW PENDING OR IN THEFUTURE FOR A PERIOD OF 05 (FIVE) YEARS FROM DATE OF EXECUTION OF THIS IRREVOCABLE EXPORT PROFIT PAYMENT ORDER DOCUMENT. THIS DOCUMENT BINDS ALL PARTIES, THEIR EMPLOYEES, ASSOCIATES, TRANSFERERS, ASSIGNEES AND/OR DESIGNATED. 

PON EXECUTION OF THIS AGREEMENT, THIS IRREVOCABLE EXPORT PROFIT PAYMENT ORDER DOCUMENT WILL BE EXCHANGED FOR AN OFFICIAL BANK ENDORSED AND RESPONSABLE IRREVOCABLE EXPORT PROFIT PAYMENT ORDER. THE ORIGINAL BANK IRREVOCABLE EXPORT PROFIT PAYMENT ORDER WILL BE LODGED WITH THE PAYER’S BANK. THIS IRREVOCABLE EXPORT PROFIT PAYMENT ORDER DOCUMENT MAY BE EXECUTED SIMULTANEOUSLY IN TWO OR MORE COUNTERPARTS VIA TELEFAX TRANSMISSION, EACH OF WHICH SHALL BE DEEMED AS A HARD COPY ORIGINAL AND ALL OF WHICH TOGETHER SHALL CONSTITUTE ONE AND THE SAME ORIGINAL AS A FULL RECOURSE COMMERCIAL DOCUMENT, ENFORCEABLE AND BINDING. A SIGNED COPY OF THIS DOCUMENT SHALL HAVE THE SAME VALUE AND EFFECT AS AN ORIGINAL AND A TELEFAX THEREOF SHALL SERVE AS A DULY SIGNED COPY OF THE SAME. 

 

 

 

 






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