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/ WO/35/2023 | Dated: 26 May 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 |
World Metals & Alloys (FZC) WARE HOUSE NO.Q4/300 P.O. BOX NO. 120369, S.A.I.F. ZONE, SHARJAH. U.A.E. |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn : 75% min , Carbon : 7-8% max, Silicon : 1.50% max, Sulphur : 0.03% max, Phos : 0.30% max 25-150 MM (90% MIN) |
27 MT 1 MT Big Bags |
870/MT | US Dollar 23490 |
| TOTAL | US Dollar 23490 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOT | SHIPMENT | 100% advance against sellers Proforma Invoice prior dispatch. | |
| LOADING PORT | Not applicable | DISCHARGE PORT | Not applicable | |
| TRANSSHIPMENT | Not Applicable. | PARTIAL SHIPMENT | Not Applicable. | |
| PAYMENT TERMS | 100% advance against sellers Proforma Invoice prior dispatch. | |||
| Documents | 1. Seller’s Commercial Invoice in 2 originals and 1 copy 2. Seller’s Packing List in 2 originals and 1 copy 3. Certificate of Quality, quantity by SAFAL 4. 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 | 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 | In-house test report to be issued by the seller's Lab. | |||
| 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
World Metals & Alloys (FZC)
Name:
The Seller
_____________
Name: