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/NISLAA/01/2022 | Dated: 10 Sep 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 |
NISLAA SF: 16, PSG Nagar, Kamarajar Road, Upplipalayam Post, Coimbatore - 641015 |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Carbon Blocks Big Size (150mm and above) | FC : 80% MIN SIZE : 150MM + |
27 MT Loose in 20' containers |
250/MT | US Dollar 6750 |
| TOTAL | US Dollar 6750 | |||
| PACKING | Loose in 20' containers | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Shipment in Oct 2022 | |
| LOADING PORT | Durban, South Africa / Dar Es Salaam, Tanzania | DISCHARGE PORT | Tuticorin, India | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not applicable | |
| PAYMENT TERMS | 100% Advance through TT prior dispatch of cargo from our factory | |||
| Documents | 1) commercial invoice 2)Packing list 3)certificate of origin 4)certificate if analysis/ Test report 5)BL copy marked shipped on board | |||
| 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 | To be bourne by seller till port Tuticorin, India for ICC B clauses at 110% value of the consignment | |||
| 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 | Certificate of analysis issued by Seller's lab on their letter head. | |||
| 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
NISLAA
Name:
The Seller
_____________
Name: