Quoting from [swamypr]:


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

Can you please send me a sample IMFPA.

Thanks

Quoting from [iulianap]:


Is more safe to use a Pay Order to protect your commission?

HI IULIANAP  !

THE SAFEST WAY TO PROTECT YOUR COMMISSION IS BY TRANSFERABLE L/C,

YES WITH PAY ORDER SYSTEM WE CAN GET PAYMENTS IMMEDIATELY BUT PAY ORDER STILL HAS PROBLEMS.

AN MFPA IS ALSO USELESS AND UNENFORCEABLE

 

Quoting from [farmood]:

Quoting from [nvamortgage]:

Quoting from [iulianap]:





Replying to [cyrus]:I sent you a draft of MFPA.Good luck.

Will you please  send me also  a copy of your MFPA and bank order?

Thks..

 

Dear farmood ,

I am getting commission from the seller for used rail.I don't know how the IMFPA works,i also don't know if the imfpa should be made out to the seller or buyer.

Can you please help me and explaine to me how it works....also i need a copy of the IMFPA that you think i need.I would apresiate if you send me a email to luvary123@bellsouth.net  explaining to me detail by detail on how to do it.Also send me a IMFPA that i need.

Awaiting your reply,Regards,

Bruno A.

Quoting from [swamypr]:


Replying to [Gwen]: Yes I have it. If you want then please contact my email id: *Contact via Trade Manager* I will be pleased to send you a copy of MFPA for your use.

Dear Sir

Thank You

i would like to ask if those two forms will protect my commssion NCNDA and IMFPA?

please advise me.

saipo_av@libero.it

Kind regards

saipo

Quoting from [saipo]:


Use the IMFPA to get your commission.

Good luck

 

 

Quoting from [swamypr]:


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

Thank you and pls can you provide me with sample MFPA agreement?

Thank you..

Quoting from [Filik]:

Quoting from [swamypr]:



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

Thank you and pls can you provide me with sample MFPA agreement?

Thank you..

Quoting from [iulianap]:


Replying to [cyrus]:I sent you a draft of MFPA.Good luck.

Quoting from [iulianap]:


Is more safe to use a Pay Order to protect your commission?