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/BOG/44/2023 | 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 |
BOG TRADING PVT LTD UNITED COMPOUND KHASRA NO. 49-50 LASUDIYA MORI A.B. ROAD DEWAS NAKA INDORE (M.P.) 452010 INDIA GST NO23AAACE9114C1Z9 IEC NO. 1101003758 PAN NO AAACE9114C Email id cfo@bogtrading.com Mobile no. +91-7898982077/9425327177 – JITENDRA RATNAWAT |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| SOYA BEAN MEAL NON-GMO FOR ANIMAL FEED PURPOSE | Soya bean Meal non GMO for Animal feed purpose Bulk packed in 50 Kgs bags |
4085 MT Bulk in PP Bags |
517.15/MT | US Dollar 2112557.75 |
| TOTAL | US Dollar 2112557.75 | |||
| PACKING | Bulk in PP Bags | ORIGIN | Malawi | |
| DELIVERY TERMS | CIF | SHIPMENT | June/ July Shipment | |
| LOADING PORT | Beira, Mozambique | DISCHARGE PORT | Tuticorin Port, India | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 100% upon SOB confirmation against Commercial invoice | |||
| Documents | 1) Seaway Bill, 2) Commercial Invoice & PL, 3) Insurance, 4) Fumigation certificate, 5) marine Insurance | |||
| 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 | 110% Value of goods at seller's cost | |||
| 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 | 3rd Party inspection by SGS at seller's cost | |||
| 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
BOG TRADING PVT LTD
Name:
The Seller
_____________
Name: