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CDP NCND Agreement

This document outlines the terms of a non-circumvention, non-disclosure, and working agreement between parties interested in conducting business to arrange, buy, and sell commodities such as crude oil and petroleum products over five years. Key points include: - The parties agree not to disclose confidential information to third parties without consent. - Commissions and fees must be agreed upon separately and paid according to those terms. - Disputes will be resolved through arbitration with the International Chamber of Commerce. - The agreement is binding for five years and on any subsequent related transactions.

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Paul S. Leach
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0% found this document useful (0 votes)
443 views5 pages

CDP NCND Agreement

This document outlines the terms of a non-circumvention, non-disclosure, and working agreement between parties interested in conducting business to arrange, buy, and sell commodities such as crude oil and petroleum products over five years. Key points include: - The parties agree not to disclose confidential information to third parties without consent. - Commissions and fees must be agreed upon separately and paid according to those terms. - Disputes will be resolved through arbitration with the International Chamber of Commerce. - The agreement is binding for five years and on any subsequent related transactions.

Uploaded by

Paul S. Leach
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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INTERNATION AL CHAMBER OF COMMERCE ( I.C.C 400 / 500 / 600 ) NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING AGREEMENT

SALES AND PURCHASE OF D2, CRUDE OIL, SLCO, REBCO, PETROLEUM REFINED PRODUCTS & ALL OTHER COMMODITIES
WHEREAS, the undersigned Parties with their mutual consent are desirous to conduct business with respect to arrange, buy and sell the commodity (Particularly D2, CRUDE OIL, SAUDI LIGHT CRUDE OIL (SLCO), RUSSIAN EXPORT BLEND CRUDE OIL (REBCO), Petroleum Refined Products & all other commodities) over a period of five (5) years from the last date of signing, the terms and conditions of which shall be agreed upon between the Parties in cooperation with one another and with third parties for their mutual benefit. The documents which shall follow this agreement such as letters of intent, full corporate offers, bank comfort letters, contract terms and conditions, banking details or pre-advised payment instruments and/or any information contained in such documents may not be passed, under any circumstance, to another intermediary or broker or trader or any company or private persons who are not end buyers or end suppliers without prior specific written consent of the party(s) providing such information. This Agreement is made and entered into on this date and shall obligate the undersigned Parties and their partners, associates, employers, employees, affiliates, subsidiaries, parent companies, any nominees, representatives, successors, clients and assigns hereinafter referred to as The Parties jointly severally, mutually and reciprocally to the terms and conditions expressly stated and agreed to below and this Agreement may be referenced from time to time in any document(s), or written agreements and the terms and conditions of this Agreement shall apply to any exchange of information written or oral involving financial information, personal or corporate names, contracts initiated by or involving the parties and any addition, renewal, extension, rollover amendment, renegotiations or new agreement hereinafter referred to as The Transaction (Project/Transaction) for the purchase of all commodities, products and equipment. NOW, THEREFORE IT IS AGREED: AGREEMENT NOT TO DEAL WITHOUT CONSENT The intending Parties hereby irrevocably bind themselves and guarantee to each other that they shall not directly or indirectly interfere with, circumvent or attempt to circumvent, avoid, by-pass NCND Agreement & Fee Protection Page 1 of 5

or obviate each others interest or the interest or relationship between The Parties with procedures, seller, buyers, brokers, dealers, distributors, refiners, shippers, financial instructions, technology owners or manufacturers, to change, increase or avoid directly or indirectly payments of established or to be established fees, commissions or continuance of pre-established relationship or intervene in non-contractual relationships with manufacturers or technology owners with intermediaries entrepreneurs, legal council or initiate buy/sell relationship or transactional relationship that by-passes one of The Parties to one another in connection with any ongoing and future transaction or project. AGREEMENT NOT TO DISCLOSE The Parties irrevocably agree that they shall not disclose or otherwise reveal directly or indirectly to a third party any confidential information provided by one party to the other or otherwise acquired, particularly contract terms, product information or manufacturing processes, prices, fees, financial agreement, schedules and information concerning the identity of the sellers, producers, buyers, lenders, borrowers, brokers, distributors, refiners, manufacturers, technology owners, or their representative and specifically individuals names, addresses, principals, or telex/fax/telephone numbers, references product or technology information and/or other information advised by one party(s) to be one another as being confidential or privileged without prior specific written consent of the party(s) providing such information. AGREEMENT TO HONOR COMMISSIONS Commissions, fees, compensation or remuneration to be paid as part of transaction covering The Parties to this Agreement, shall be agreed upon by separate written agreement by The Parties concerned and shall be paid at the time such contract designates, concludes or monies change hands between buyers and sellers, unless otherwise agreed among The Parties. The Parties hereby irrevocably and unconditionally agree and guarantee to honor and respect all such fees and remuneration, arrangements made as part of a commission transaction even in the event that The Parties are not an integral party to a specific commission and fee remuneration agreement. AGREEMENT TO INFORM In specific deals where one of The Parties acting as an agent allows the buyers or buyers mandate, and the seller to deal directly with one another, the agent shall be informed of the development of the transactions by receiving copies of the correspondence made between the buyer or buyers mandate and the seller. NCND Agreement & Fee Protection Page 2 of 5

TERM This agreement shall be valid for five (5) years commencing from the last date of signing of this agreement. This agreement shall apply to: All transactions originated during the term of this Agreement. All subsequent transactions that are follow up, repeat, extended or renegotiated transactions of transactions originated during the term of this Agreement. ARBITRATION This Agreement is valid for any and all transaction between the parties herein and shall be governed by the enforceable law in All Commonwealth Countries, European Union Countries, USA Courts, or under Swiss Law in Zurich, in the event of dispute, the arbitration laws of states will apply. All disputes arising out of or in connection with this Agreement shall be finally settled under the rules of arbitration of the International Chamber of Commerce (ICC) by one or more Arbitrators appointed in accordance with the said rules. Every award shall be binding on The Parties and enforceable at law. By submitting the dispute to arbitration under these rules, The Parties undertake to carry out any award without delay and shall be deemed to have waived their right to any form of recourse insofar as such waiver can validly be made. Each of The Parties subject to the declared breach shall be responsible for their own legal expenses until an award is given or settlement is reached, provided however, That Party found in default by The Arbitrator(s) shall compensate in full the aggrieved party its heirs or assigns for the total remuneration received as a result of business conducted with The Parties covered by this Agreement, plus all its arbitration costs, legal expenses and other charges and damages deemed fair by The Arbitrator(s) for bank, lending institutions, corporations, organizations, individuals, lenders, or borrowers, buyers or sellers that were introduced by the named party, notwithstanding any other provisions of the award.

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FORCE MAJORE A party shall not be considered or adjudged to be in violation of this Agreement when the violation is due to circumstances beyond its control, including but not limited to act of God, civil disturbances and theft or appropriation of the privileged information or contract(s) without the intervention or assistance of one or more of The Parties. ENTITIES OWNED OR CONTROLLED This Agreement shall be binding upon all entities owned or controlled by a party and upon the principal(s), employee(s), assignee(s), family and heirs of each party. Neither party shall have the right to assign this Agreement without the express written consent of the other. AGREEMENT NOT TO CIRCUMVENT The Parties agree not to circumvent or attempt to circumvent this Agreement in an effort to gain fees, commissions, remunerations or considerations to the benefit of one or more of The parties while excluding the other or agree to benefit to any other party. TRANSMISSION OF THIS AGREEMENT The transmission of this Agreement through Yahoo Messenger, MSN Messenger or SKYPE or any similar programs, Facsimile or E-mail shall be legal and binding. And by receiving this through any of the media listed or any other electronic media, it is your acceptance and is legally binding. AGREE AND ATTESTED Each Signatory, signed below guarantees that he/she is duly empowered by his/her respectively named company to enter into and be bound by the commitments and obligations contained herein either as individual, corporate body or on behalf of a corporate body.

NCND Agreement & Fee Protection Page 4 of 5

1. Signature and Company stamp

Printed Name: Paul Leach Company Name: CDP Consulting Partners Address: 1860 N. Fuller Avenue #219. Los Angeles, California 90046 Telephone: (310) 279-7285 E-mail ID : [email protected] Date: April, 15th, 2012 2. Signature and Company stamp

Printed Name: Company Name: Address: FAX: + Mobile #: E-mail ID SKYPE: Date: April, 15th, 2012

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