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/DEVKI/01/2022 | Dated: 08 Feb 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 |
Devki Steel Mills Ltd P.O. Box 33319-00600, Mombasa Road Next to KMC, Nairobi, Kenya. |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn- 76% min, C- 8.0% max, Si- 1.5% max, S- 0.05% max, P- 0.35% max 10-60MM(90%) |
60 MT 1MT Big Bags |
1660/MT | US Dollar 99600 |
| TOTAL | US Dollar 99600 | |||
| PACKING | 1MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | DAP | SHIPMENT | Dispatch by 20.3.22 against receipt of purchase order and confirmed LC | |
| LOADING PORT | SERENJE, ZAMBIA | DISCHARGE PORT | Samburu, Mombasa, Kenya. | |
| TRANSSHIPMENT | Not Applicable | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | Through Irrevocable LC without recourse to the drawer from first class bank 60 days settlement basis. Seller Bank charges on seller account, buyer bank charges on buyer account | |||
| Documents | A. Commercial Invoice – 3 Originals B. Packing List – 3 Originals C. Lab-1 Original D. ZRA SADC Certificate of Origin | |||
| 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 is delivered to Buyer's designated place in Mombasa, Kenya | |||
| INSPECTION | Not Applicable | |||
| 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
Devki Steel Mills Ltd
Name:
The Seller
_____________
Name: