| Contract Number | SAFAL/ITA/37/2024 |
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| Contract Date | 08 May 2024 |
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| Type | Sale |
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| Buyer Name | ITALGHISA S.p.A. |
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| Description of Goods | Ferro Manganese |
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| Grade (%) | 75 |
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| Size | 10-60 MM (90%) |
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| Specifications | Mn : 75% Min , Si : 1.50% Max , C : 7.5% Max, P : 0.27% Max, S : 0.03% Max |
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| Quantity | 852.5 |
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| Weight Unit | Metric Tonne |
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| Terms of Delivery | fob |
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| Packing | Packed Loose in containers |
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| Delivery Period | July 2024 |
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| Rate | 1000 |
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| Currency | US Dollar |
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| Mode/Terms of Payment | 30% advance against seller's PFI before factory dispatch & balance 70% against scanned shipping docs |
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| VAT % | 0 |
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| Insurance | Not applicable |
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| Loading | Dar Es Salaam, Tanzania |
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| Discharge | Genoa Port or La Spezia, Italy (buyer's option) |
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| Transshipment | Allowed |
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| Partial | Allowed |
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| Documents | 1) Scanned Commercial Invoice, 2) Scanned Packing list, 3) Scanned Bill of lading, 4) Mitra SK test results from Mitra SK (Sample collected by SAFAL and sent to Mitra Lab). 5) SAFAL Test report. |
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| Inspection | Quality testing by MSK from the in-house sample sent to Mitra SK |
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| Alternate Product Name | |
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| Sale Contract Number | |
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| Remark | This contract is a collaboration between Italghisa and Safal, where gains or losses are split as follows: 65% Safal and 35% Italghisa.
1000 USD/mt is just the price of material, obviously Italghisa will communicate all the costs (freight rate, financial interests, transportation cost, and so on) in order to calculate the total cost of material, which will be used as basis to calculate gains or losses that sales will generate. |
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| 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, by Incoterms 2010. |
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| Shipment | July 2024 |
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| Origin | Zambia |
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| Sale Extra1 | |
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| Sale Extra2 | |
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| Other Reference(s) | |
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| Contract Status | On going |
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