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/HENEKEN/01/2022 | Dated: 08 Jan 2022 | |||
| 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 |
Heneken, s.r.o. Apollo Business Center II, blok B Prievozská 4/A 821 09 BRATISLAVA SLOVAKIA |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn: 75%Min, Si: 1.50%Max, C: 8%Max, S: 0.03%Max, P: 0.30%Max 50-100MM(90%) |
108 MT 1MT Big Bags |
1500/MT | US Dollar 162000 |
| TOTAL | US Dollar 162000 | |||
| PACKING | 1MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOB | SHIPMENT | Dispatch from plant in first week Feb 2022 | |
| LOADING PORT | Dar Es Salaam port, Tanzania | DISCHARGE PORT | Dar Es Salaam Port, Tanzania | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 30% Advance against signing of the contract and balance 70% against VGM Slips | |||
| Documents | A. Commercial Invoice – 3 Originals B. Packing List – 3 Originals C. Certificate of Quality issued by Mitra SK -1 Original. D. Original Bill of Lading – 3 original + 3 copies. E. Rex declaration PL | |||
| 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 | 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 | Inspection should be done by Mitra SK at seller's cost at load port | |||
| 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
Heneken, s.r.o.
Name:
The Seller
_____________
Name: