Sales Contract
The buyer agrees to buy and seller agrees to sell the following goods on the terms and conditions mentioned under.
| CONTRACT NO: SAFAL/NORDIC TITAN/003/2020 | Dated: 10 Sep 2020 | |||
| SELLER |
Southern Africa Ferro Alloys Ltd. Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia |
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| Buyer |
NORDIC TITAN Russia, 172332, Tver region, Zubtsovskiy district, Zubtsov Moskovskaya Gora, 22 INN 6914019799 KPP 691401001 OGRN 1176952015789 |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn -75% Min, Si- 1.50% Max, S-0.05% Max, C-8.0% Max, Phos -0.25% Max
10- 60 MM (90%Min) |
108 MT 01 Jumbo bag in 1 MT |
900/MT | US Dollar 97200 |
| TOTAL | US Dollar 97200 | |||
| PACKING | 01 Jumbo bag in 1 MT | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Shipment by 01st Oct Vessel | |
| LOADING PORT | Durban Port, South Africa | DISCHARGE PORT | St. Petersburg, Russia | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not Allowed | |
| PAYMENT TERMS | 100% advance through TT | |||
| SELLER'S BANK |
Seller's Bank Bank Name: Absa Bank Zambia PLC Account Name: Southern Africa Ferro Alloys Limited Account Number: 1005519 Branch Code: 02-00-01 Branch Name: Kafue House Swift Code: BARCZMLX |
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| BUYER'S BANK | ||||
| INSURANCE | To be borne by seller covering ICC B risks up to St. Petersburg port, Russia | |||
| RISK | All risks shall pass to the Buyer at the time when the Product passes the ship’s rail onboard the vessel at time of loading, in accordance with Incoterms 2010 | |||
| INSPECTION | Quality inspection by Alex Stewart International corporation, Zambia prior loading of trucks at Zambia factory at Sellers cost. Sampling results will be final and binding to both the parties on this contract. | |||
| ARBITRATION |
All Disputes in connection with this Contract or the execution thereby shall be settled through friendly negotiations between the two parties. If no settlement can be reached, the case under dispute shall be settled at a place of jurisdiction commonly agreed to by both parties. The award rendered by the Arbitrator shall be final and binding on both parties. |
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| FORCE MAJEURE |
In case of Acts of God or any other case beyond the control of the parties, the party claiming it needs to prove it by presenting a confirmation issued by the Chamber of Commerce or equivalent government institution in accordance with the rules set by the International Chamber of Commerce (ICC Publication No-421). |
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Accepted and confirmed by:
The Buyer
NORDIC TITAN
Name:
The Seller
_____________
Name: