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| Understanding the "IPG" (Intermediary Payment Guarantee) |
Each intermediary in a chain deal has their own commission agreement "IPG" (Intermediary Pay Guarantee)
contract with the controlling intermediary (the person who pays the commission). The person who pays the
commission is the controlling intermediary. Also know as the "PIA" (Primary Intermediary Agent). If there are 10
intermediaries in the chain then there are 10 individual "IPG" commission agreement contracts with the "controlling
intermediary". If there are too many intermediaries in the chain deal, the situation can be handle like this.
When a real estate, bankruptcy lawyer or paymaster is hired to pay the commission this is an indication that no one
is controlling the deal.
Lets say there are 20 intermediaries on the buyers side and 10 intermediaries on the sellers side and each side will
be paid 10 cents a barrel of 4 million barrels. That would be $400,000 for each side. The "PIA" (controlling
intermediary) will appoint one sourcing intermediary on each side to disburse of the commission for their side. This
leaves the controlling intermediary with only having to pay commission ($400,000) to one person on each side. It
would be the duty of the appointed sourcing intermediaries to have a written agreement with all the other
intermediaries for their commission.
This system stops any intermediary in a chain deal from claiming his brother, sister and uncle are entitled to a claim
of the commission as it would be voted out by the group of intermediaries on that side. The controlling intermediary
will keep the 2 appointed intermediaries transparent and in the loop of the deal and it is the duty of the appointed
intermediaries to keep the other intermediaries in the chain deal informed.
The reason for individual agreements, is for the protection of the individual intermediary in a chain deal. If all 30
people are listed in one commission agreement and one of the listed people are not entitled to the commission and
removed from that agreement for what ever reason that commission agreement contract become invalid which
leaves everyone else on that agreement without a legal claim for their commission.
The NCND/MPA flawed document does not provide sufficient evidence to link your relationship to the contract
between supplier and end buyer. If you are unable to prove that the deal has closed, how can you then prove that
you have suffered a loss in relation to that deal.
Anyone else in the same group must obtain their own "IPG" from the "controlling intermediary".
If you are the controlling intermediary and there are 10 sourcing intermediaries in the chain then you will send out 10
individual IPG agreements to each of the sourcing intermediaries.
1-This "IPG" (Intermediary Pay Guaranteed) document needs to be FIRST filled in and signed by the "controlling
intermediary" (the one who is paying the sourcing intermediaries commission).
2- A hard copy of this IPG document from the "controlling intermediary" needs to be sent to you by courier, UPS,
FED. etc, not email.
3- You (the sourcing intermediary) KEEP THE ORIGINAL COPY with the "controlling intermediary's" signature.
4- Copy, fill in, sign the "IPG" and send back to the controlling intermediary by courier, UPS, FED etc, not email.
5- Do not accept or sign electronic signature in this case. Each person has their own "Intermediary Pay Guarantee"
with the controlling intermediary.
6-There is only one beneficiary on each individual IPG and that would be a sourcing intermediary.
Please read (terms and condition) and (collection procedures) of this document very carefully and fully understand
the content of the "IPG". If the "IPG" document is incorrectly handled it can become invalid.
Download "IPG
Understand that there is no document that is a 100 percent guarantee for commission. There is only one person
who can be assured that commission will be earned if a deal closes and that is the controlling intermediary. The
document to protect a commission that I personally use "IPG", that was created and perfected by FTN Exporting
in Melbourne Australia and is supported by UCP600 and ©ICC (PARIS, FRANCE) AND (©INCOTERMS 2000),
will give you 99 percent protection in a court of law.
who can be assured that commission will be earned if a deal closes and that is the controlling intermediary. The
document to protect a commission that I personally use "IPG", that was created and perfected by FTN Exporting
in Melbourne Australia and is supported by UCP600 and ©ICC (PARIS, FRANCE) AND (©INCOTERMS 2000),
will give you 99 percent protection in a court of law.