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MFPA or Pay Order to protect your commission!
Post 72 of 96
Quoting from [iulianap]:



Replying to [cyrus]:I sent you a draft of MFPA.Good luck.
Anyone of you could please,please, please; send me a draft of a MFPA.


My name is


Jorge Diez


My mail is  jdiezutrera@manquehue.net.


Hope to hear from you ASAP.


My warmest regards,


Jorge Diez
17 Nov 2008 20:08
Post 73 of 96
muhanad
offline
No Company Website yet
Overall Ranking MVP:52 Rank:135,744




how to protect my share from overpricing in adeal?? buyer will deal directly with seller , i agreed with seller to OVER PRICE and share on 50/50. what can be signed to protect my share from the seller side??? buyer will open NONTRANSFERABLE LC directly to the seller 

   is MFPA good enough????? 

please advice

   m.basha74@hotmail.com.

,

19 Nov 2008 12:53
Post 74 of 96
Quoting from [jdiezutrera]:

Quoting from [iulianap]:



Replying to [cyrus]:I sent you a draft of MFPA.Good luck.
Anyone of you could please,please, please; send me a draft of a MFPA.


My name is


Jorge Diez


My mail is  jdiezutrera@manquehue.netE-mail address deleted by iulianap


Hope to hear from you ASAP.


My warmest regards,


Jorge Diez
Check your messages.I sent you the MFPA  draft.

Good luck
20 Nov 2008 00:19
Post 75 of 96

My dear friend intermediary:

The first thing to do is NOT to put seller and buyer in direct contact but very difficult to do since if no contacts no business.

I would like to say to all the intermediaries I read their demand on FPA, MFPA, NCND, ther is nothing which can force the buyer or the seller to pay commissions as well as to by pass you since when in contact you're not needed any more.

I know that having sue many companies for those obscur reasons, but in fact we never won..........The ICC is never involved as many "so called" party in a NCND agreement.

Be extra carefull with 0.01% chance to succeed as intermediary.

Roger Pommerat, Esq.

[em8]


22 Nov 2008 23:53
Post 76 of 96
othmanr
offline
No Company Website yet
Overall Ranking MVP:58 Rank:99,536
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



How to get the draft copy of MFPA
26 Nov 2008 23:16
Post 77 of 96
Quoting from [iulianap]:

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..




Contact me on Trade Manager



Mr. Swamy,

 

IMFPA : I need for IMFPA more information. Can you please give me your email id. My email id is navrang@navranginternational.com.Sushil

30 Nov 2008 04:44
Post 78 of 96
GaryCashin
offline
No Company Website yet
Overall Ranking MVP:52 Rank:134,884

 I w


or ked on MTN And Gold Deals, Oil, Cement, Urea Commodities ect.... ect...  F


or Almost 2 Years.    I am educated smart and have plenty of resources available but the only thing that I received after 2 years of w


or king on these deals is:  

Enough scrap paper to claim responsibility f


or killing a rain f


or est!!! 

How About You?   Ask yourself Just a few question my friend..   Have you ever physically seen anyone get paid on one of these deals.  I mean real proof of payment!!!!      Or have you just heard over and over again,  This is the real deal... I am a mandate...... I'm one away...... I am next to the provider.....  I did 2 deals last week and we are all getting paid!!!   Come Join me on this conference Call...  etc etc etc Have You Ever Been Paid On any of these deals?  are you one away?  do you speak directly to the prince of


or the king of Some Country...
Do you actualy believe that someone with enough money to buy billions even trillions of dollars in currency MTN's oil


or   gold can't just pick up the phone and call the the right person and exchange there currency?  Is that who you think you are talking to... do you think that maybee they would call you?   I mean if they have this much money in play why would they bother doing this via e-mail over the internet..   with You!    Lets face it if they have this much money,   Can't they just pay there right hand financial advis


or (attourney) (staff of 100 Attourneys) (there Mandate) to fly anywhere in the w


or ld to sign paperw


or k.  On There C


or p


or ate Jet....  Why would they even consider you..


or even me f


or that matter?  to handle there financial affairs..  Is it becouse you are on of the chosen few?
Lets Face it the King, the Prince, The Shaek, His Royal Highness, one of only 3 USD providers in the USA who ever the deal is coming from has no other resources but to find these deals by e-mail,


or over the internet....   FROM YOU!!!!!  
JUST THINK ABOUT IT!!!!Does it make sense to you?  Call Me I can Help You Gary Cashin  www.GaryCashin.com

27 Dec 2008 15:31
Post 79 of 96
Happy New Years people.


I checked this thread twice a year ago, coming back to it I notice that everyone keeps asking the wrong question.



The MFPA as it is usually presented is next to WORTHLESS, I explained in simplified legal terms in this very thread a year ago. You can not enforce an MFPA nor NCND.


As a PRIVATE contractual undertaking, someone who WANTS to honor it may honor it, if they dishonor it and you can actually prove it (good luck with that) you might have scant resort to litigation.


But on a practical level they are worthless documents, you will be circumvented, you will loose your deal, you will be bitter over it - trust me.


There are ways to protect your commission, but the MFPA is not one of them. You CAN draft a Fee protection agreement in a way that gives you (scant) better legal protection but in all cases, you need a trustworthy principal and you need to give them enough value so that they have little motive to circumvent you.


The MFPA will not protect you legally. Asking for one is a tip of, to an experienced exporter, that you do not know what you are doing.


This, obviously, is not a good thing.


For more information there are FREE documents to download at importexportscam.com, one of the links takes you to a free downloads section. Read both pdf docs (about 60 pages all in all)


If you do this one thing alone you will know more about such matters than 70% of the people posting in these forums.
01 Jan 2009 14:21
Post 80 of 96
Hello Juliana,

Can you please send me IMFPA format?

pranavmotiwala(at)gmail(dot)com


Thanks,

Pranav.

Quoting from [iulianap]:

Quoting from [julaverde]:

Quoting from [iulianap]:





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






Hi Juliana could you please send me a copy  of your MFPA?

 Thanks in advance

julaverde@gmail.com

I sent you the MFPA.Please check your e-mail inbox

20 Jan 2009 17:28
Post 81 of 96



pr swamy:

who prepare MFPA ? seller or buyer??

do  youhave sample of MFPA  or  IMFPA??

thanks

jack

31 Jan 2009 11:08
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