Clearing and Forwarding Agent Agreement

Sample / Template Notes Regarding Appointment of C&FA Format in word/.doc

1)           The firm to whom C&FA work will be assigned shall bring in Security Deposit of Rs. 15.00 Lacs carrying interest of 10% per annum.  The existing C&FAs, who have deposited Security Deposit less than Rs. 15.00 Lacs shall bring in the balance of Security Deposit by 30^th June, 2013.

2)           The following expenditures will be borne by Rocket Sales Limited (RCL):

a)     Godown Rent

b)     Godown Electricity Bill will be paid on actual basis.

c)     Local freight/delivery charges

i)  The freight/delivery charges for full truck load will be reimbursed by the Company.

ii)The freight/delivery charges for part truck/small load will be paid by the customer on cash and carry basis.

d) All printed stationery like Invoice, Letter Head, etc., where Company’s name/Logo is printed will be to Company’s Account.

e) Marketing team of the branches will be responsible for procurement of ‘C’ Forms.

f)      The commission will be paid as follows:

i)        1% of the Merchandise value upto a sale of Rs. 50 Lacs.

ii)     0.75% of Merchandise value from Rs. 50-60 Lacs.

iii)    0.60% on Merchandise value from Rs. 60-75 Lacs.

iv)    0.50% on Merchandise value from Rs. 75 Lacs &

        above.

      

g)   The Octroi charges wherever applicable will be paid on actual basis.

3) The following expenditures will be borne by C&FA:

a)     All unloading/handling and loading charges shall be borne by C&FA.

b)     All Conveyance, phone, fax, postage, courier and all other Misc. charges will be borne by C&FA.

c)     The C&FA team will be responsible and organize all ‘F’ Forms.

d)     The C&FA will provide adequate staff and labour for proper functioning of the stock godown work and work related to Invoice making and any other allied work.

e)     The C&FA team will be responsible for submission of sales tax/VAT return/Excise Return and all liaison work with statutory bodies on behalf of the Company.