Free IMFPA Template (Irrevocable Master Fee Protection Agreement)
A standalone Irrevocable Master Fee Protection Agreement (IMFPA) template that locks in per-unit commissions for every intermediary in a physical commodity deal chain.
What this template includes
This IMFPA (Irrevocable Master Fee Protection) template includes: Fee schedule, Paymaster, Irrevocability, Transaction code.
- Fee schedule
- Paymaster
- Irrevocability
- Transaction code
Clause summaries are drafting guidance, not legal advice. Have the final document reviewed under its governing law.
Quick Summary: IMFPA (Irrevocable Master Fee Protection)
What this document is, and is not
This IMFPA is a commercial drafting template that records what the parties intend or have agreed at one stage of a deal. It is not a bank instrument, not proof of product or funds, and not a substitute for qualified legal counsel in the governing-law jurisdiction.
Typical deal sequence: CIS → LOI or ICPO → SCO/FCO → SPA → LC/SBLC.
Next steps: price the payment instrument with the LC Cost Calculator, agree the delivery term with the Incoterms 2020 cost and risk split, and prepare documents with the LC documents checklist. Background: letter of credit guide.
An IMFPA is the fee-protection instrument attached to the SPA. It records every beneficiary's commission (typically USD per metric tonne), routing bank coordinates and paymaster instructions. Because it is irrevocable, the paymaster releases fees automatically on each shipment payment without further consent.
This template supports both buy-side and sell-side intermediary chains in a single fee schedule, references a unique transaction code that binds the IMFPA to the SPA, and covers extensions and rollovers of the underlying contract.
Use the Word (DOCX) version to populate beneficiaries and fees; the PDF is a print-ready sample.
Numerical Example: IMFPA Utilization
Typical application of the IMFPA in a standard bulk commodity transaction. Use TradeDox Pro for auto-drafting LC-compatible clauses.
What's inside
- Irrevocable: paymaster releases commissions automatically per shipment.
- Per-unit fee schedule (USD/MT) survives amendments to the SPA.
- Buy-side and sell-side intermediaries handled in one schedule.
- Attached to the SPA so bank sees the fee as part of the invoice flow.
Document preview
Frequently asked questions
Where can I download a free IMFPA template?
This page provides a free IMFPA in Word (DOCX) and PDF format. Sign in to download the editable Word draft; the PDF preview is public.
What does IMFPA stand for?
Irrevocable Master Fee Protection Agreement. It irrevocably commits the paymaster to release named commissions on every shipment settled under the master contract (SPA).
Is an IMFPA legally enforceable?
Yes when properly signed, attached to the SPA and referenced in the payment instructions. Its enforceability rests on the paymaster clause and the governing law you insert.
How are IMFPA commissions typically structured?
As USD per metric tonne (bulk commodities) or as a percentage of contract value. The schedule usually splits fees between buy-side and sell-side intermediaries and specifies bank coordinates for each beneficiary.
IMFPA alone vs NCNDA + IMFPA combined?
Standalone IMFPA is faster when the NCNDA is already in place. The combined NCNDA + IMFPA template consolidates both protections into a single signature round - preferred in longer intermediary chains.