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/FACL/02/2022 | Dated: 02 Aug 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 |
Ferro Alloys Corporation Ltd Near Railway Workshop, Mine Area, Plot No. 19977, P.O Box 80931, Kabwe- Zambia |
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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 -0.35% Max 10-60MM (90% Min) |
34 MT 1 MT BIG BAGS |
950/MT | US Dollar 32300 |
| TOTAL | US Dollar 32300 | |||
| PACKING | 1 MT BIG BAGS | ORIGIN | Zambia | |
| DELIVERY TERMS | FOT | SHIPMENT | Immediate dispatch from plant upon receipt of funds in our account. | |
| LOADING PORT | Kanona, Serenje | DISCHARGE PORT | As per Buyer's option | |
| TRANSSHIPMENT | Not applicable | PARTIAL SHIPMENT | Not Applicable | |
| PAYMENT TERMS | 100% Advance payment against sellers PFI prior pick up of Material. Cargo to be released only after receipt of funds into sellers account | |||
| Documents | 1) Commercial Invoice, 2) Packing list. 3) Mill test report, 4) Certificate of origin/ REX declaration as applicable. | |||
| 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 | ||||
| RISK | All risk shall pass to the buyer once the cargo has been loaded on buyer's designated truck | |||
| INSPECTION | Mill test report issued by SAFAL Lab | |||
| 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
Ferro Alloys Corporation Ltd
Name:
The Seller
_____________
Name: