Trade Terms
NCNDA and IMFPA: The Intermediary Agreements You Must Understand
PetroIntermediation TeamTrade Terms
NCNDA (Non-Circumvention Non-Disclosure Agreement) — protects intermediaries from being bypassed.
IMFPA (Irrevocable Master Fee Protection Agreement) — locks commission rates and payment instructions to the paying bank.
Both are signed before introductions. Use ICC NCNDA-2002 standard. Templates available at petrointermediation.com.
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