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/LAKEGROUP/01/2023 | Dated: 08 Feb 2023 | |||
| 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 |
Lake Steel And Allied Products Ltd PLOT NO. 118, BLOCK M, VISIGA KIBAHA, PWANI, P.O.BOX 5055, Dar Es Salaam, Tanzania |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| SILICO MANGANESE | Mn : 65.0% Min, Si - 15.0% min, C-2.5%, Phos : 0.30% max , S- 0.05% max 50-100 MM (90% Min) |
29 MT 1 MT Big Bags |
1015/MT | US Dollar 29435 |
| TOTAL | US Dollar 29435 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | DAP | SHIPMENT | Immediate dispatch from Zambia factory upon receipt of 100% advance, 3 days of time required to break special size upon receipt of funds | |
| LOADING PORT | SAFAL Plant, Kanona | DISCHARGE PORT | Your works, Pwani, Dar Es Salaam | |
| TRANSSHIPMENT | Not applicable | PARTIAL SHIPMENT | Not applicable | |
| PAYMENT TERMS | 100% Advance through TT against seller's PFI | |||
| 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 your warehouse/ works in Dar Es Salaam, in accordance with Incoterms 2020 | |||
| INSPECTION | Mill test report to be issued by Seller indicating size and specification analysis. | |||
| 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
Lake Steel And Allied Products Ltd
Name:
The Seller
_____________
Name: