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/PENTAGON/01/2021 | Dated: 22 Oct 2021 | |||
| SELLER |
Southern Africa Ferro Alloys Ltd. Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia |
|||
| Buyer |
Pentagon Resources (Pty) Ltd 18 Fricker Road, Illovo, 2196 Johannesburg |
|||
| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn; 75% Min C: 8% Max Si: 1.5% Max S: 0.05% Max P: 0.35% Max 10-60mm (90% min) |
108 MT 1Mt Big Bags - Neutral |
1800/MT | US Dollar 194400 |
| TOTAL | US Dollar 194400 | |||
| PACKING | 1Mt Big Bags - Neutral | ORIGIN | Zambia | |
| DELIVERY TERMS | FOB | SHIPMENT | Immediate dispatch from Zambia, shipment in Nov 2021 | |
| LOADING PORT | Durban Port, South Africa | DISCHARGE PORT | As per Buyer's option | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | Prompt 100% advance payment against proforma invoice, when material is ready for loading. | |||
| 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 |
|||
| BUYER'S BANK | ||||
| INSURANCE | Not applicable | |||
| RISK | All risks shall pass to the Buyer at the time when the Product passes the ship’s rail on board the vessel at time of loading, in accordance with Incoterms 2010 | |||
| INSPECTION | In house test report to be issued by seller. | |||
| 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. |
|||
| 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). |
|||
Accepted and confirmed by:
The Buyer
Pentagon Resources (Pty) Ltd
Name:
The Seller
_____________
Name: