The Institutional Framework Behind Every Mandate Fletcher and Hudson Executes
Fltecher and Hudson Inc LLC
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Appointed Mandatario Under Executed Bilateral Instrument
We execute mandatario functions under formally ratified bilateral mandate agreements.
Licensed Broker Placing Carrier-Grade Insurance Policies
All-risks coverage placed through AXA UK and XL Catlin underwriters.
Governing Law: Uruguayan Civil Code Mandato
All fiduciary operations are governed by Articles 2051 through 2086.
Mandated
Bonded
Insured
Our Principal Agency Obligations
Fiduciary duties are discharged,
Have a claim?
with absolute legal accountability.
No Self-Dealing. No Conflicts. No Exceptions.
Under Article 2070, our firm is expressly prohibited from engaging in any self-dealing in mandate performance.
Duty of Disclosure
Material circumstances affecting each transaction must be disclosed to us prior to engagement and mandate execution.
Duty of Care
We preserve evidentiary documentation, maintain cold-chain compliance protocols, and minimize loss exposure across all covered shipments.
Duty of Loyalty
Fiduciary release decisions are structurally isolated from brokerage remuneration, eliminating conflicts between our dual operational capacities.
Our services
Fletcher and Hudson operates on a strict transaction-by-transaction basis, with each engagement governed by a formally executed tripartite or bilateral mandate identifying parties, the designated fiduciary account, mandatory payment references, and all applicable release conditions.
Our services
Payment is structured in sequential telegraphic transfers against strict documentary milestones: the first tranche released upon execution of the tripartite agreement and proforma invoice; the second tranche released upon buyer's confirmation of scanned shipping documentation.
The Operational Architecture Governing Our Fiduciary and Brokerage Execution Model
fiduciary holding protocol governing the designated account, and the brokerage placement procedure producing a Coverage Confirmation Package delivered to all contracting parties.
Legal Governance and Compliance
1.
Mandate Governing Law Fiduciary mandate is governed under Uruguayan Civil Code mandato framework.
2.
Insurance Governing Law Insurance placement is governed by Ley 19.678, Uruguay's insurance statute.
3.
Dispute Resolution Framework Disputes fall under Uruguayan courts or any recognized international jurisdiction.
4.
Change Control Protocol No bank detail amendment is valid without written trilateral authorization.
All client funds are credited to the designated fiduciary account upon receipt and maintained in strict segregation.
01
The Conditions Precedent Governing Release & Remittance
No remittance of client funds is authorized absent full satisfaction of all contractually stipulated conditions precedent, including port-confirmed delivery, written buyer acknowledgement of conforming receipt, expiration of the applicable seven-day hold period, and absence of any active insurance claim notice.
• Port delivery confirmed by shipping documentation
• Buyer submits written confirmation of receipt
• No active insurance claims on the shipment
• 7 calendar days have passed since delivery
02
Strict Segregation, No-Commingling, and Full Ledger Accountability of Client Funds
We maintain all client funds exclusively within the designated fiduciary account and is contractually prohibited from commingling, pledging, or encumbering those funds, and from exercising any right of set-off against any balance held on behalf of any principal.
• Each transaction maintains its own segregated ledger
• No lien, pledge, or set-off permitted
03
Our Fiduciary Role Excludes Adjudication of Commercial Disputes Between Parties
As mandatario under the duly executed mandate instrument, Fletcher and Hudson acts solely on the documentary triggers as defined. We do not adjudicate, arbitrate, or make determinations regarding underlying commercial disputes, product conformity, or counterparty performance between seller and buyer.
04
Claim Notice Protocol and the Mandatory Hold of Client Funds
Upon receipt of a claim notice or any circumstance likely to give rise to a claim under the policy, Fletcher and Hudson is obligated to place an immediate mandatory hold on all client funds and suspend remittance pending full resolution.
How Fletcher and Hudson Manages Insurance Claims and Dispute Resolution
When a claim notice is received, our brokerage function transitions into active coordination mode, liaising between the insured, the Lloyd's agent, and the underwriter to facilitate survey, evidence preservation, and formal submission under the policy.
Our Institutional Track Record
Fiduciary mandate instruments executed across multiple international trade jurisdictions and counterparties.
All-risks cargo policies placed through tier-one underwriters on every transaction.
Zero instances of unauthorized fund disbursement across all mandates executed.
AML, KYC, and CTF compliance observed on every executed mandate.
Tripartite and bilateral mandate instruments ratified under internationally recognized governing law.