NCNDA+IMFPA

www.bassmintmanagement.com
NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING AGREEMENT (NCNDA)
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)

[PRODUCT] [QUANTITY] X 12 MONTHS

INTERNATIONAL CHAMBER OF COMMERCE (I.C.C 500)

NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING AGREEMENT (NCNDA)
IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA)

DATE : _________ ____, 20111

ICPO Ref No :
CONTRACT CODE :
SELLER’S TRANSACTION REFERENCE :
SELLER’S CODE :
BUYER’S CODE/REF :
PRODUCT :
PRICE : $____gross/$____net per Metric Ton
PRODUCT ORIGIN :
CONTRACT QUANTITY : ______ MT of _____ x 12 with Rolls+Ext
CONTRACT PERIOD : 12 Months
PAYMENT TERM : MT103/23 (and SBLC)
SELLER’S NAME :
BUYER’S NAME :
SELLER’S SIDE REPRESENTATIVE :
BUYER’S SIDE REPRESENTATIVE :
CONTRACT RELEASED DATE : ________ ___th 2011

NON-CIRCUMVENTION, NON-DISCLOSURE & IRREVOCABLE MASTER FEE PROTECTION

WORKING AGREEMENT (NCNDA) AGREEMENT (IMFPA)

WHEREAS the undersigned wish to enter into this We the undersigned herewith referred as the BUYER,
Agreement to define certain parameters of the future legal under penalty of perjury do hereby irrevocably confirm and
obligations, are bound by a duty of Confidentiality with irrevocably accept to pay all intermediaries and fee holders
respect to their sources and contacts. This duty is in at the same time and in a manner as the seller is being
accordance with the International Chamber of Commerce. paid for each and every transaction of this contract up to
the completion of the contract plus rollovers and extensions
WHEREAS the undersigned desire to enter a working and in accordance with the bank details to be specified in
business relationship to the mutual and common benefit of the hard copies of this contract.
the parties hereto, including their affiliates, subsidiaries,
stockholders, partners, co-ventures, trading partners, and We, the BUYER, irrevocably confirm that we will order and
other associated organizations (hereinafter referred to as direct our bank to endorse automatic payment orders to the
“Affiliates”). beneficiaries named below; furthermore, We, the BUYER,
confirm that all pay orders shall automatically transfer
NOW THEREFORE in consideration of the mutual funds as directed into each beneficiaries designated bank
promises, assertions and covenants herein and other account within 1 (one) day after the date of closing and
good and valuable considerations, the receipts of which is completion of each and every shipment of the product
acknowledged hereby, the parties hereby agree as during the contract term plus any/or extensions and rollover
follows: of the specified contract. For the purpose of clarity, we
confirm that the closing and completion of each and every
1. TERMS AND CONDITIONS shipment shall be deemed to take place when the letter of
2 The parties will not in any manner solicit, nor credit issued by the buyer has been drawn down at the
accept any business in any manner from sources or counters of the issuing bank.
their affiliates, which sources were made available
through this agreement, without the express We, BUYER, agrees to provide all beneficiaries with
permission of the party who made available the written evidence of the pay orders lodged with our bank
source and, together with acknowledgements of their acceptance.
Furthermore, our bank shall be instructed to provide duly
3 The parties will maintain complete confidentiality signed and stamped acknowledgement of this instruction
regarding each other business sources and/or their as set out in the annex. Forming part of this agreement. It
Affiliates and will disclose such business sources only is understood that for the purposes of this Master Fee
to the named parties pursuant to the express written Protection Agreement, our bank shall be the same bank
permission of this party who made available the and this IMFPA acts as an integral part of it.
source, and,
We the undersigned being BUYER or the BUYER named
legally authorized representative as stated within the
4 That they will not in any of the transactions the signed and legally binding main transaction, contract
parties are desirous of entering into and do, to the unconditionally agree and undertake to approve and
best of their abilities assure the other that the originate all payments in USD currency to all beneficiaries
transaction codes established will not be affected. named below as their rightful and payable commissions.
This agreement also acts as a record confirming the
5 That they will not disclose names, addresses, commission amounts for each named beneficiary as set
e-mail address, telephone and tele-fax or telex out below:-
numbers to any contacts by either party to third
parties and that they each recognize such contracts TOTAL COMMISSION OF USD $___ per METRIC TON
as the exclusive property of the respective parties SHALL BE PAID BY BUYER (The PAYMASTER) AS
and they will not enter into any direct negotiations or FOLLOWS:-
transactions with such contracts revealed by the The amount of delivered refinery should be settled as
other party and herein stated to be transferred into the account as follows:
• SELLER’S SIDE: USD $_ per METRIC TON (Closed).
• BUYER’S SIDE: USD $__ per METRIC TON.
6 That they further undertake not to enter into
business transaction with banks, investors, sources
TERM & CONDITIONS:
of funds or other bodies, the names of which have
This master fee protection agreement covers the initial
been provided by one of the
contract and shall include any renewals, extensions,
rollovers, additions or any new or transfer contract any how
7 Parties to this agreement, unless written
originated from this transaction because of the above
permission has been obtained from the other party
intermediaries or changing codes of the initial contract
(ies) to do so. For the sale of this agreement, it does
entered into between the BUYER and SELLER.
not matter whether information obtained from a
natural or a legal person. The parties also undertake
This master fee protection agreement and any
not to make use of a third party to circumvent this
subsequently issued pay orders shall be assignable,
clause.
transferable and divisible and shall not be amended without
the express written and notarized consent of the receiving
beneficiary. All parties agree neither to circumvent nor to
8 That in the event of circumvention of this
attempt circumvent either for the transaction of this current
Agreement by either party, directly or indirectly, the
contract or in the future for a period of five (5) years from
circumvented party shall be entitled to a legal
the date of the execution of this fee protection agreement.
monetary penalty equal to the maximum service it
This document binds all parties, their employees,
should realize from such a transaction plus any and
associates, transferees and assignees or designees.
all expenses, including but not limited to all legal
costs and expenses incurred to recover the lost
All faxed and/or e-mailed signatures shall be considered as
revenue.
 original signatures for the purpose of binding all parties to
9 All considerations, benefits, bonuses, this agreement. This document may be signed & in any
participation fees and/or commissions received as a number of counterparts all of which shall be taken together
result of the contributions of the parties in the and shall constitute as being one & the same instrument.
Agreement, relating to any and all transactions will be
allocated as mutually agreed. Any party may enter into this document and the agreement
constituted thereby by signing any counterpart any time,
date or period mentioned in any provision of this document
I.This Agreement is valid for any and all transaction shall only be amended by agreement in writing and signed
between the parties herein and shall be governed by off by all parties concerned.
the enforceable law in All Commonwealth
Country’s, European Union Country’s, USA Furthermore, we agree that any and all commissions due
Courts, or under Swiss Law in Zurich, in the event of shall be paid to the beneficiary as a result of any extension
dispute, the arbitration laws of states will apply. or rolls of the contract and that we shall effect all necessary
documentation with our bank without any undue delays to
J.The signing parties hereby accept such selected ensure such commissions and paid within the terms of the
jurisdiction as the exclusive venue. The duration of agreement.
the Agreement shall perpetuate for five (5) years
from last date of signing. PARTIAL INVALIDITY:
The illegality, invalidity and non-enforceable provision of
1. AGREEMENT TO TERMS this document under the laws of any jurisdiction shall not
Signatures on this Agreement received by the way of affect its illegality, validity or enforceability under the law of
Facsimile, Mail and/or E-mail shall be an executed any other jurisdiction or provision.
contract. Agreement enforceable and admissible
for all purposes as may be necessary under the GOVERNING LAW AND JURISDICTION:
terms of the Agreement. This document shall be governed & construed in
All signatories hereto acknowledge that they have accordance with current English or I.C.C 400/500/600
read the foregoing Agreement and by their initials and signed between partners NCND laws.
signature that they have full and complete authority to
execute the document for and in the name of the ARBITRATION:
party for which they have given their signature. All parties agree to refer any disputes between the parties
arising out of or in connection with this agreement including
any questions regarding its existence, validity or
termination to arbitration rules of the international
arbitration centre (I.A.C). The appointed arbitrator shall
hold the proceedings in any country chosen by the parties
and the rules of the IAC shall apply.

This document is signed and accepted by parties named

below as to be included in the main contract.
“Accepted and agreed without change (Electronic signature is valid and accepted as hand signature)”
EDT (ELECTRONIC DOCUMENT TRANSMISSIONS)

1. EDT (Electronic document transmissions) shall be deemed valid and enforceable in respect of any provisions of this
Contract. As applicable, this agreement shall be:-
Incorporate U.S. Public Law 106-229, ‘‘Electronic Signatures in Global & National Commerce Act’’ or such other
applicable law conforming to the UNCITRAL Model Law on Electronic Signatures (2001)
2. ELECTRONIC COMMERCE AGREEMENT (ECE/TRADE/257, Geneva, May 2000) adopted by the United Nations
Centre for Trade Facilitation and Electronic Business (UN/CEFACT).
3. EDT documents shall be subject to European Community Directive No. 95/46/EEC, as applicable. Either Party may
request hard copy of any document that has been previously transmitted by electronic means provided however,
that any such request shall in no manner delay the parties from performing their respective obligations and duties
under EDT instruments.
NON-CIRCUMVENTION, NON-DISCLOSURE & NON-CIRCUMVENTION, NON-DISCLOSURE &
WORKING AGREEMENT (NCNDA) WORKING AGREEMENT (NCNDA)
SELLER BUYER
 NAME: NAME:
DESIGNATION: Chief Executive Officer DESIGNATION: Chief Executive Office
COMPANY
COMPANY NAME:
NAME:

ADDRESS: ADDRESS:

TEL: TEL:
MOBILE: MOBILE:
FAX: FAX:

EMAIL: E-MAIL:

PASSPORT No: PASSPORT No:

NATIONALITY: NATIONALITY:
TODAY’S DATE: XXXXXXXX xx, 2010 TODAY’S DATE: XXXXXXXX xx, 2010

SIGNATURE AND SIGNATURE

SEAL: AND SEAL:

_________ ____, 2011 _________ ____, 2011

(Electronic signature is valid and (Electronic signature is valid and accepted
accepted as hand signature) as hand signature)

Paymaster (The Buyer)

NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING IRREVOCABLE MASTER FEE PROTECTION AGREEMENT

AGREEMENT (NCNDA) (IMFPA)

BUYER
ACCEPTED BY US WITH BELOW BANK DETAILS OUR BANK
NAME: WILL BE USED AS PAYING BANK
DESIGNATION: COMISSION SIZE
President (WITH ROLLS+EXT):
USD $_______ per MT
COMPANY NAME:
ACCOUNT NAME:
ADDRESS:
BANK NAME:
TEL: BANK ADDRESS:
MOBILE: ACCOUNT №:

FAX: SWIFT CODE:

E-MAIL: BANK OFFICER:
SKYPE ID: BANK TEL:
PASSPORT №: BANK FAX:
NATIONALITY: Bank Officer E-
mail:
TODAY’S DATE: ___________ ____, 2011 PAYMASTER FOR: All Buyer side & Seller side Agents
SIGNATURE AND
SEAL:
 ___________ ____, 2011
(Electronic signature is valid and accepted as hand signature

NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING IRREVOCABLE MASTER FEE PROTECTION AGREEMENT

AGREEMENT (NCNDA) (IMFPA)

SELLER REPRESENTATIVE / Legal Department

COMISSION SIZE
NAME: (WITH USD $______ per MT:
ROLLS+EXT):
BENEFICIARY
DESIGNATIO: President
NAME:
COMPANY
BANK NAME:
NAME:
BANK
ADDRESS:
ADDRESS:
TEL: ACCOUNT No:
SWIFT CODE:
MOBILE:
IBAN:
FAX: BANK OFFICER:
EMAIL
BANK TEL:
ADDRESS:
NATIONALITY: BANK FAX:
PASSPORT
E-mail:
No:
All transfer instructions shall state: Funds are clean and clear of non-criminal origin, and are payable
SPECIAL
by FED Wire within two banking days upon receipt by Paymaster’s Bank,
INSTRUCTIO
PREADVICE MUST BE SENT VIA SWIFT PRIOR TO WIRE TRANSFER & EMAIL a notification
NS
immediately upon each tranche transfer payment together with the transactions code/s to:

SIGNATURE
AND SEAL :

___________ ____, 2011

(Electronic signature is valid and accepted as hand signature

ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARIES ABOVE

NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING IRREVOCABLE MASTER FEE PROTECTION AGREEMENT
AGREEMENT (NCNDA) (IMFPA)

SELLER REPRESENTATIVE (2)

COMISSION SIZE
NAME: (WITH USD $_______ per MT:
ROLLS+EXT):
BENEFICIARY
DESIGNATIO: President
NAME:
COMPANY
BANK NAME:
NAME:
BANK
ADDRESS:
ADDRESS:
TEL: ACCOUNT No:
SWIFT CODE:
MOBILE:
IBAN:
FAX: BANK OFFICER:
EMAIL
BANK TEL:
ADDRESS:
NATIONALITY: BANK FAX:
PASSPORT
E-mail:
No:
All transfer instructions shall state: Funds are clean and clear of non-criminal origin, and are payable
SPECIAL
by FED Wire within two banking days upon receipt by Paymaster’s Bank,
INSTRUCTIO
PREADVICE MUST BE SENT VIA SWIFT PRIOR TO WIRE TRANSFER & EMAIL a notification
NS
immediately upon each tranche transfer payment together with the transactions code/s to:

SIGNATURE
AND SEAL : ___________ ____, 2011
(Electronic signature is valid and accepted as hand signature

ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARIES ABOVE

NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING IRREVOCABLE MASTER FEE PROTECTION AGREEMENT

AGREEMENT (NCNDA) (IMFPA)

BUYER MANDATE/REPRESENTATIVE
COMISSION SIZE
NAME: (WITH USD $______ per MT:
ROLLS+EXT):
BENEFICIARY
DESIGNATIO: President
NAME:
COMPANY
BANK NAME:
NAME:
BANK
ADDRESS:
ADDRESS:
TEL: ACCOUNT No:
SWIFT CODE:
MOBILE:
IBAN:
FAX: BANK OFFICER:
EMAIL BANK TEL:
 ADDRESS:
NATIONALITY: BANK FAX:
PASSPORT
E-mail:
No:
All transfer instructions shall state: Funds are clean and clear of non-criminal origin, and are payable
SPECIAL
by FED Wire within two banking days upon receipt by Paymaster’s Bank,
INSTRUCTIO
PREADVICE MUST BE SENT VIA SWIFT PRIOR TO WIRE TRANSFER & EMAIL a notification
NS
immediately upon each tranche transfer payment together with the transactions code/s to:

SIGNATURE
AND SEAL :

___________ ____, 2011

(Electronic signature is valid and accepted as hand signature

ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARIES ABOVE

NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING IRREVOCABLE MASTER FEE PROTECTION AGREEMENT

AGREEMENT (NCNDA) (IMFPA)

BUYER FACILITATOR
COMISSION SIZE
NAME: (WITH USD $_______ per MT:
ROLLS+EXT):
BENEFICIARY
DESIGNATIO: President
NAME:
COMPANY
BANK NAME:
NAME:
BANK
ADDRESS:
ADDRESS:
TEL: ACCOUNT No:
SWIFT CODE:
MOBILE:
IBAN:
FAX: BANK OFFICER:
EMAIL
BANK TEL:
ADDRESS:
NATIONALITY: BANK FAX:
PASSPORT
E-mail:
No:
All transfer instructions shall state: Funds are clean and clear of non-criminal origin, and are payable
SPECIAL
by FED Wire within two banking days upon receipt by Paymaster’s Bank,
INSTRUCTIO
PREADVICE MUST BE SENT VIA SWIFT PRIOR TO WIRE TRANSFER & EMAIL a notification
NS
immediately upon each tranche transfer payment together with the transactions code/s to:

SIGNATURE
AND SEAL : ___________ ____, 2011
(Electronic signature is valid and accepted as hand signature

ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARIES ABOVE

 NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING IRREVOCABLE MASTER FEE PROTECTION AGREEMENT
AGREEMENT (NCNDA) (IMFPA)

BUYER INTERMEDIARY
COMISSION SIZE
NAME: (WITH USD $_______ per MT:
ROLLS+EXT):
BENEFICIARY
DESIGNATIO: President
NAME:
COMPANY
BANK NAME:
NAME:
BANK
ADDRESS:
ADDRESS:
TEL: ACCOUNT No:
SWIFT CODE:
MOBILE:
IBAN:
FAX: BANK OFFICER:
EMAIL
BANK TEL:
ADDRESS:
NATIONALITY: BANK FAX:
PASSPORT
E-mail:
No:
All transfer instructions shall state: Funds are clean and clear of non-criminal origin, and are payable
SPECIAL
by FED Wire within two banking days upon receipt by Paymaster’s Bank,
INSTRUCTIO
PREADVICE MUST BE SENT VIA SWIFT PRIOR TO WIRE TRANSFER & EMAIL a notification
NS
immediately upon each tranche transfer payment together with the transactions code/s to:

SIGNATURE
AND SEAL : ___________ ____, 2011
(Electronic signature is valid and accepted as hand signature

ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARIES ABOVE

WARNING!!!
This is a very important message to anyone involved in the commodities industry on the new
measures with respect to Buyers and Sellers conducting oil transactions.
From now on, if an ICPO, LOI, RWA, or BCL is issued and the document is not real, the Buyer will
be able to inform the FBI, ICC, and INTERPOL. In addition, after an FCO is sent to the Buyer, there
should be a formal answer to Seller from Buyer.
If there’s no response from the Buyer in a timely manner, the buying company will be reported to the
FBI, ICC, and INTERPOL. If this action is repeated by sellers, they too will also be reported for
abuse of the NCND, LOI, ICPO, AND RWA OR BCL, FOR THIS IS A FEDERAL OFFENSE.
It is important to transmit this to all clients that work with providers that are members of the ICC, FBI,
and other international organizations.
From this point forward, the international codes will be strictly enforced to exclude all intruders that
send out false information. Those who submit a false NCND/IMFPA, LOI, ICPO, RWA or BCL, or
FCO, as well as FALSE PROOF OF PRODUCT (POP), WILL BE CHARGE WITH A CRIME.
This went into effect on November 15, 2008 after a meeting was held between the Federal
Reserve, European Central Bank, Interpol, Federal Bureau of Investigation and Central
Intelligence Agency.
The reason for this measurement is to protect the commodities industry which is a fundamental part
of the world’s economy.
I have read and understood the severity of the warning above and do realize the serious
impact that pertains to all oil and other commodities transactions.

Sellers Name: XXXXXXXXXXXXXXXXXXXX Buyers Name: XXXXXXXXXXXXXXXXXXXXX

(All Electronic signatures is valid and accepted as hand signature)

Sellers Signature/Seal: Buyer Signature/Seal:

Mr. XXXXXXXXXXX Mr. XXXXXXXXXXXX

(President/CEO) (President)
Date: Date:

NOTARY PUBLIC

ON THIS DATE OF:

BEFORE ME, THE UNDERSIGNED NOTARY PUBLIC, PERSOALLY APPEARED THE FOLLOWING:

TO ME KNOWN TO BE THE INDIVIDUALS DESCRIBED HEREIN AND WHO EXECUTED THE FOREGOING
INSTRUMENT, AND ACKNOWLEDGED THAT THEY EXECUTED THE SAME AS THEIR FREE ACT AND DEED.

MY COMMISSION EXPIRES:

_______________________________
NOTARY PUBLIC SIGNATURE
OFFICER NAME:
TITLE:
NOTARY PUBLIC NAME:
ADDRESS:
TEL:
TODAY’S DATE:

[SEAL]
BANK ENDORSEMENT

ALL PAYMENT ENTIRELY SHALL BE EXPRESSED IN USD CURRENCY EITHER BY WIRE TRANSFER AND/OR
ELECTRONIC LEDGER.

_______________________________
BANK OFFICER 1 SIGNATURE
BANK OFFICE NAME:
TITLE:
PIN NUMBER:
BANK NAME
BANK ADDRESS:
BANK TEL:
TODAY’S DATE:

[SEAL]

_______________________________
BANK OFFICER 2 SIGNATURE
BANK OFFICE NAME:
TITLE:
PIN NUMBER:
BANK NAME
BANK ADDRESS:
BANK TEL:
TODAY’S DATE:

[SEAL]

END OF DOCUMENT