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/CHA/19/2023 | Dated: 18 Apr 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 |
Charisma Resources Limited Flat/Rm 606 Hollywood Centre, 77-91 Queen’s Road West, Sheung Wan, Hong Kong |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn: 75% min , Carbon: 7.50% Max, Silicon: max 1.5%, Sulphur: 0.03% max, Phos: 0.30% max 10-60MM (90% Min) |
270 MT 1 MT Big Bags |
1080/MT | US Dollar 291600 |
| TOTAL | US Dollar 291600 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | CFR | SHIPMENT | Immediate shipment in First half of May 2023 | |
| LOADING PORT | Durban port, South Africa | DISCHARGE PORT | Manzanillo Port, Mexico | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not allowed (Subject to cut and run situation of s/line) | |
| PAYMENT TERMS | 25% advance against seller's PFI within 3 working days of signing contract and balance 75% against scanned documents within 30 days from date of BL | |||
| Documents | A. Commercial Invoice – 3 Originals B. Packing List – 3 Originals C. Certificate of Quality & Quantity issued by Alex Stewart -1 Original. D. Certificate of origin issued by the Chamber of Commerce in Lusaka. E. Mill test report. F. Certificate of origin issued by producer. G. Original bill of lading - 3 original + 3 copies | |||
| 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 passes the ship’s rail on board the vessel at time of loading, in accordance with Incoterms 2010 | |||
| INSPECTION | Seller shall arrange a representative quality inspection by Alex Stewart International corporation, Zambia, during bagging of the Goods prior loading of trucks at Zambia factory at his own cost. Seller shall ensure surveyor to add seals to each bag and mention such seals numbers in its Certificate of Quality. Buyer reserves its right to check quality by Independent Surveyor at loading port and/or discharging port at its own expenses. lf the quality as determined at loading port and/or discharging port by Independent Surveyor is different from the contractual limits, the Buyer and the Seller will settle by mutual agreement. Bill of Lading weight issued on the basis of VGM report to be final for both parties Alternate Product Name | |||
| 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
Charisma Resources Limited
Name:
The Seller
_____________
Name: