You have been very helpful to other members on this website. I always read your comments and advises.
God bless you !

Mustapha,

Replying to [iulianap]: The safest way to protect your commission is by Transferable L/C, where you or your company are the first beneficiary of the L/C, and you transfer it to the seller in less amount. As for the other methods, Pay Order, Standing Instruction, etc, no other third party can guarantee the same reliability as a transferable L/C the bank does.

Replying to [Tensky International]: Any Seller who accept Unconditional B/G or Unconditional SBLC is a scammer. What if the goods doesn't reach you on time? The payment, which is your money, will be remitted by the bank at the stipulated date anyway. Read carefully the seller's own "verbiage" of the BG/SBLC and you'll see what I really mean about them being a scammer.

Replying to [swamypr]:
Dear Sir/ Madam, I am doing services as intermediate for a seller and a buyer. Now the seller in his terms talks about a MFPA as one of the first steps in the procedure. Later he mentions again the MFPA (after buyer has signed the contract MFPA appendix signed by from sellers bank). The seller gives commission of 1 US$ / mt. Buyer agrees to me to pay 6 US$ /mt above the offered prize by seller.
My questions to you:
1. who & what are the paymasters?
2. which amount goes into the MFPA?

Hope for your swift answer.

Hi to [swamypr]:

Could you please email me what info must be in the MFPA?, like seller asking from me passport number,bank accout details,address etc. Is this nomal to send the seller?, safe? is that??

Replying to [iulianap]:

I would like to have a sort variant of MFPA or Pay Order for protection of intermediaries paying fee/commission by the Seller/Buyer
Thans for help !
Regards, Puiu

Replying to [iulianap]: Hello Madam,


Please help me out by sending me a MFPA, FPA and a NCND formats to my mail id 786.fairdeal@gmail.com.


Thanks


Shakeel

Replying to [Tensky International]: - buyer sends LOI after both parties agents and brokers has signed NCNDA /FPA between both sides.
- Seller or seller's representative sends soft fco
- buyer signs and seals the sfco, returns within the valid day to confirm the deal and issues icpo
bcl authorization letter to verify the bcl, all document has to be on both buyer and seller's acceptable formats.
- mfpa will be completed by both side representatives.
- seller issues draft contract to buyer.
- buyer reviews, signs/seals the draft contract.
- seller returns the duly signed contact and provides transaction code plus a past sales record ( Compulsory ) to buyer for verification..
- seller and buyer lodge the contract to their bank respectively.
- seller's bank will swift confirmation of pop and 2% pb to buyer bank after verified the bcl
- buyer's bank issues the non-operative dlc to Seller bank in receipt of confirmation of pop , past sales record and 2% pb by bank. (buyer sends bank draft dlc text copy to seller for approval in advance.)
- seller's bank issues pop,past sales record and 2% pb (operative) to activate the dlc.
- pop and past sales records documents include : a. statement of availability of the product issued by refinery's bank (with allocation number). b. export license, issued by the russian ministry of energy. c. export approval, issued by the russian ministry of justice. d. the charter party agreements to transport the product to discharge ports. (this agreement will be issued after seller's bank received operative banking
instrument only)
- shipment will start according to conditions of the contract and according to agreed schedule.
- each party hereto will bear its respective banking costs / charges

Replying to [iulianap]: Hi Madam,


Both NCNDA and MFPA are necessary or one will do?


Please reply in my ID 786.fairdeal@gmail.com.


Thanks


Shakeel.

Replying to [iulianap]:


hi..

needs help. can you send me a draft for MFPA, NCND....

please help me to protecting my fee and no bypass between seller and buyer.


my email is : mrihoxp@yahoo.com


thanks for you help


regards

Marihot Sitinjak