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/CR-HK/01/2022 | Dated: 25 Jul 2022 | |||
| SELLER |
Southern Africa Ferro Alloys Ltd. Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia |
|||
| Buyer |
CARBON RESOURCES HK LTD RM 609, 6/F HONG KONG PLAZA, 188 CONNAUGHT ROAD WEST, HONG KONG |
|||
| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese Fines | Mn : 66-70% Min , Si : 6.0% Max , C : 8.0% Max, P : 0.30% Max, S : 0.03% Max 0-3MM (90%min) |
54 MT Loading in 1 MT Bags in 20ft Container |
905/MT | US Dollar 48870 |
| TOTAL | US Dollar 48870 | |||
| PACKING | Loading in 1 MT Bags in 20ft Container | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | 31 August 2022 | |
| LOADING PORT | Dar Es Salaam/Durban Port | DISCHARGE PORT | Rotterdam, Netherlands | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not Applicable | |
| PAYMENT TERMS | 15% TT advance within seven (7) working days of signing the contract against seller's PI, balance 85% shall be TT within five (5) days against presented scanned shipping documents by email | |||
| 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, E. Certificate of Origin issued by ZRA, D. Marine Insurance | |||
| 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 | To be borne by Seller covering ICC A clauses port to port basis | |||
| 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 by Alex Stewart for quality and weight on account of 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
CARBON RESOURCES HK LTD
Name:
The Seller
_____________
Name: