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/71/2023 | Dated: 31 Aug 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%, Silicon: 1.50% max, Sulphur: 0.03% max, Phos: 0.35% max 25-150MM (90% MIN) |
25 MT 1 MT Big Bags |
780/MT | US Dollar 19500 |
| TOTAL | US Dollar 19500 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOT | SHIPMENT | Material readiness within 5 working days from day of receipt of 95% payment. | |
| LOADING PORT | Not applicable | DISCHARGE PORT | Not applicable | |
| TRANSSHIPMENT | Not applicable | PARTIAL SHIPMENT | Not applicable | |
| PAYMENT TERMS | 100% Advance through TT Prior loading of cargo at our factory. | |||
| 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 & weight by SGS/SK Mitra to be arranged by Buyer on their cost 4. Certificate of Origin issued by ZRA, 5) Other documents necessary for exportation of goods out of Zambia | |||
| 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 on board of truck at time of loading at Seller's works, in accordance with Incoterms 2010 | |||
| INSPECTION | CERTIFICATE OF QUALITY AND WEIGHT BY SGS / SK MITRA TO BE ARRANGED BY BUYER ON THEIR 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
World Metals & Alloys (FZC)
Name:
The Seller
_____________
Name: