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/PACIFIC/04/2022 | Dated: 31 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 |
Pacific Alloys & Metals FZ-LLC FOAM0264, Service Block, Al, Jazirah Al Hamra, Al Hamra Industrial Zone-FZ, Ras Al Khaimah, U.A.E |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Silico Manganese | Mn : 65% Min, Si : 15% Min, C : 2.5% Max., Phos : 0.35% Max, S : 0.03% Max, 10-60MM (90% Min) |
280 MT Loose bulk in 20 containers (max. 28MT net per Container) |
1140/MT | US Dollar 319200 |
| TOTAL | US Dollar 319200 | |||
| PACKING | Loose bulk in 20 containers (max. 28MT net per Container) | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Shipment by 10/10/2022. | |
| LOADING PORT | Durban (South Africa) / Dar-es-Salaam (Tanzania) | DISCHARGE PORT | Genoa Port, Italy | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not allowed | |
| PAYMENT TERMS | 10% advance payment against seller's PFI before dispatch of material from factory, 90% balance within 3 working days against scanned documents. | |||
| Documents | 1) Original commercial Invoice, 2) Original Packing list, 3) Original set of BL 3+ 3 NN copy, 4) Original 3rd party inspection for weight and quality, 5) Marine Insurance ICC A, 6) Certificate of Origin issued by ZRA. | |||
| 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 | Marine insurance to be covered by the seller for 110% of invoice value covering ICC (A) | |||
| 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 | The Inspection for the Quality & Weight certificate issued by Alex Stewart International/ SK Mitra or any other independent agency. | |||
| 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
Pacific Alloys & Metals FZ-LLC
Name:
The Seller
_____________
Name: