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/AADYA/002/2022 | Dated: 15 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 |
AADYA MINERALS (PTY) LTD POSTAL ADDRESS : P O BOX 2928 SUNNINGHILL SUNNINGHILL GAUTENG 2157. ADDRESS OF REGISTERED OFFICE : 20 MIO PALAZZO NANYUKI ROAD SUNNINGHILL GAUTENG 2157, SOUTH AFRICA |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High-Carbon Silico-Manganese | Mn : 65% Min, Si : 15.0% Min, C : 2.50% Max, S : 0.05% Max, Phos : 0.30% Max 50-150MM (90% MIN) |
204 MT 1 MT Big Bags |
1060/MT | US Dollar 216240 |
| TOTAL | US Dollar 216240 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | DAP | SHIPMENT | Dispatch from Zambia factory after 10th Oct 2022. | |
| LOADING PORT | SAFAL Plant, Kanona | DISCHARGE PORT | Gauteng, JHB | |
| TRANSSHIPMENT | Not applicable | PARTIAL SHIPMENT | Not Applicable | |
| PAYMENT TERMS | 100% Advance against seller's proforma invoice though TT Prior loading of cargo at our factory | |||
| Documents | 1) Tax Invoice, 2) Packing list, 3) Mill Test report, 4) 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 designated place at Johannesburg, RSA | |||
| INSPECTION | Inhouse test report issued by seller's confirming all specs are in line with contractual terms. | |||
| 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
AADYA MINERALS (PTY) LTD
Name:
The Seller
_____________
Name: