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/INS/55/2023 | Dated: 14 Jul 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 |
INSPIRIT COMMODITIES LLC Sharjah Media City, Sharjah, UNITED ARAB EMIRATES. |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn: 75%min, C: 8.0%max, Si : 1.50%max, S :0.030%max, P 0.35%max 50-100 MM (90% Min) |
54 MT 1 MT Big Bags |
790/MT | US Dollar 42660 |
| TOTAL | US Dollar 42660 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOT | SHIPMENT | July-2023. | |
| LOADING PORT | EXW Zambia, Loaded in trucks | DISCHARGE PORT | Dar-es-salaam Port, Tanzania or buyer's choice | |
| TRANSSHIPMENT | Not Applicable. | PARTIAL SHIPMENT | Not applicable | |
| PAYMENT TERMS | 100% advance after inspection at seller's factory. | |||
| Documents | 1. Delivery Note 2. Comercial Invoice, 3. Packing List, 3.Mineral Export 4. Zambia Police Clearance 5. Mineral Processing License, 6. Weigh Bridge Slip, 8. Safal Test Certificate, 9. 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 loaded on board the truck at the time of loading at Seller premise, in accordance with Incoterms 2010 | |||
| INSPECTION | On a/c of the buyer, upon satisfaction of self-testing or buyer-appointed testing agency, the buyer picks up material. | |||
| 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
INSPIRIT COMMODITIES LLC
Name:
The Seller
_____________
Name: