MFPA or Pay Order to protect your commission!
Post 1 of 96
Is more safe to use a Pay Order to protect your commission?
12 Sep 2006 00:36
Post 2 of 96
Replying to [iulianap]:
Pay order is safe., it is a Bankers cheque .Ok
But what is MFPA?
Pay order is safe., it is a Bankers cheque .Ok
But what is MFPA?
SIGNATURE:
About Our Company
24 Sep 2006 21:53
Post 3 of 96
Replying to [curdrice]: MASTER FEE PROTECTION AGREEMENT
25 Sep 2006 09:05
Post 4 of 96
Replying to [iulianap]:
MFPA (or) FPA and PAY ORDER.
When order is under process. Say that you are assiting buyer and seller to reach an agreement and contract is being done. That time itself you can protect your commission by way of agreement which is called Fee Protection Agreement. Consolidated copy is Master Fee Protection. Say so many beneficiaries are there. So all beneficiaries will nominate one person as their pay master. for their group. Example seller side,buyer side and intermediary side will nominate each pay master and ultimately Master Fee Protection Agreement is prepared.
PAY ORDER : When L/c is established by buyer or transaction takes shape. The Seller or buyer whoever is the paymaster will convert the FPA as pay order and send it to the party concerned.
If you have nominated one paymaster. Then it is the duty of paymaster to give direction to his bank well in advance to disperse the amount to all beneficiaries concerned without delay or without his consent.
To say preciously, First Fee protection Agreement will be signed by seller or buyer and later on that will have to be notorised if it is high value and there after it is the duty of paymaster to get the bank endorsed or converted as pay order.
So MFPA AND PAYORDER or interlinked. First one will safe guard your interest in the begining of the transaction and in final stage the same will be converted as pay order or bank instrument so you are certain of your commission amount.
If you need further details about this please contact me. My email id :To prevent spam, do not enter your contact information - Moderator
I am always available to clear your doubts.
with regards
pr swamy
MFPA (or) FPA and PAY ORDER.
When order is under process. Say that you are assiting buyer and seller to reach an agreement and contract is being done. That time itself you can protect your commission by way of agreement which is called Fee Protection Agreement. Consolidated copy is Master Fee Protection. Say so many beneficiaries are there. So all beneficiaries will nominate one person as their pay master. for their group. Example seller side,buyer side and intermediary side will nominate each pay master and ultimately Master Fee Protection Agreement is prepared.
PAY ORDER : When L/c is established by buyer or transaction takes shape. The Seller or buyer whoever is the paymaster will convert the FPA as pay order and send it to the party concerned.
If you have nominated one paymaster. Then it is the duty of paymaster to give direction to his bank well in advance to disperse the amount to all beneficiaries concerned without delay or without his consent.
To say preciously, First Fee protection Agreement will be signed by seller or buyer and later on that will have to be notorised if it is high value and there after it is the duty of paymaster to get the bank endorsed or converted as pay order.
So MFPA AND PAYORDER or interlinked. First one will safe guard your interest in the begining of the transaction and in final stage the same will be converted as pay order or bank instrument so you are certain of your commission amount.
If you need further details about this please contact me. My email id :To prevent spam, do not enter your contact information - Moderator
I am always available to clear your doubts.
with regards
pr swamy
25 Sep 2006 15:43
Post 5 of 96
Replying to [swamypr]:
Thank you for complete info
Thank you for complete info
26 Sep 2006 08:32
Post 6 of 96
Replying to [swamypr]:
hope you are very well, need to ask you if there is any ready form about MFPA so i can use, in the case i have got now there is one buyer, one seller and 2 official intermediates (include me who found the buyer.
Will appreciate for your help .
regards,
cyrus
hope you are very well, need to ask you if there is any ready form about MFPA so i can use, in the case i have got now there is one buyer, one seller and 2 official intermediates (include me who found the buyer.
Will appreciate for your help .
regards,
cyrus
30 Sep 2006 13:40
Post 7 of 96
Replying to [cyrus]:I sent you a draft of MFPA.Good luck.
30 Sep 2006 23:07
Post 8 of 96
Replying to [swamypr]:
Dear Sir or Dear Madam (sorry, I dn't know!)
Could you please tell me what are the "Buyer's code" and "Seller's code" in the MFPA?
Are they Numbers of Trade register or what else ???
Who must write those number in the MFPA?
Thank you very much for a prompt answer to my email addess : *Please contact via Trade Manager*
Jacques-François MARTIN
Dear Sir or Dear Madam (sorry, I dn't know!)
Could you please tell me what are the "Buyer's code" and "Seller's code" in the MFPA?
Are they Numbers of Trade register or what else ???
Who must write those number in the MFPA?
Thank you very much for a prompt answer to my email addess : *Please contact via Trade Manager*
Jacques-François MARTIN
30 Nov 2006 03:34
Post 9 of 96
Replying to [crapzouille1]:Dear Jacques,in each contract is a code for Buyers and another for Sellers.Is a registration number.But as I know,is not necessary to write it in MFPA. You need only the number of the contract.
In Pay Order is necessary to write the no. of LC.
In Pay Order is necessary to write the no. of LC.
30 Nov 2006 11:13
Post 10 of 96
Replying to [iulianap]:Hello, will you help me out by sending me a MFPA, FPA and a NCND?
10 Dec 2006 18:25
Post 11 of 96
Replying to [rayguam]:Contact me via Trade manager.My ID is iulianap
11 Dec 2006 04:04