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/ITA/41/2023 | Dated: 10 Jun 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 |
ITALGHISA S.p.A. Via A.Gramsci, 184, 25021 Bagnolo Mella (Brescia), Italy VAT number: 03808870988 |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High-Carbon Silico-Manganese | Mn : 65% Min , Si : 15% Min , C : 2.0% Max, P : 0.25% Max, S : 0.03% Max 10-60MM (90% MIN) |
500 MT Loose in 20' containers |
940/MT | US Dollar 470000 |
| TOTAL | US Dollar 470000 | |||
| PACKING | Loose in 20' containers | ORIGIN | Zambia | |
| DELIVERY TERMS | FOB | SHIPMENT | Immediate dispatch of material from factory to catch earliest possible vessel from Dar Es Salaam | |
| LOADING PORT | Dar Es Salaam Port, Tanzania | DISCHARGE PORT | Any Italian port in Buyer's option | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 30% advance against seller's PFI within 3 working against seller's PFI & balance 70% against commercial invoice supported with BL Scan Copy | |||
| Documents | 1) Scanned Commercial Invoice, 2) Scanned Packing list, 3) Scanned Bill of landing, 4) Mitra SK test results from Mitra SK (Sample collected by SAFAL and sent to Mitra Lab). 5) SAFAL Test report. | |||
| 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 | Quality inspection by MSK from the in-house sample sent to Mitra SK | |||
| 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
ITALGHISA S.p.A.
Name:
The Seller
_____________
Name: