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/SHU/82/2023 | Dated: 26 Sep 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 |
Shubh Steels Pty Ltd Postnet Suite No. 39, 6th Avenue, Walmer, Port Elizabeth - 6070 Company Reg. No. 2007/028190/07 VAT No. 4960247221 |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn : 75% Min, Si : 1.5% Max, C : 8% Max, S : 0.03% Max, P : 0.35% Max 10-60MM (90% MIN) |
54 MT 1 MT Big Bags |
900/MT | US Dollar 48600 |
| TOTAL | US Dollar 48600 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | DAP | SHIPMENT | Immediate dispatch from factory upon receipt of 100% advance | |
| LOADING PORT | Durban, South Africa | DISCHARGE PORT | Buyer's choice | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 100% against PI before dispatch of the material | |||
| Documents | 1) Commercial Invoice 2) Packing 3) Certificate of Quality & Quantity issued by Alex Stewart 4) Certificate of origin shall be issued by the chamber of commerce | |||
| 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 delivered to the designated place at Johannesburg, RSA | |||
| INSPECTION | 3rd party inspection by Alex Stewart at the seller's factory in Zambia Prior to dispatch | |||
| 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
Shubh Steels Pty Ltd
Name:
The Seller
_____________
Name: