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/MTA/38/2024 | Dated: 08 May 2024 | |||
| 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 |
MTALX Ltd MTALX House 166 Hampstead Way London NW11 7YE |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn : 75% Min , Si : 1.50% Max , C : 8.0% Max, P : 0.30% Max, S : 0.05% Max 10-60 MM |
532 MT 1 MT Big Bags |
1125/MT | US Dollar 598500 |
| TOTAL | US Dollar 598500 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOB | SHIPMENT | 224 MT By 31st May And 308 MT By 10th June, Shipment accordingly in June 2024 as per possible vessel | |
| LOADING PORT | Dar Es Salaam, Tanzania | DISCHARGE PORT | Rotterdam, Netherlands | |
| TRANSSHIPMENT | Buyer to book vessel | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 10% advance against seller's PFI before factory dispatch & balance 90% against scanned shipping docs within 3 working days | |||
| Documents | 1) Commercial Invoice-Triplicate, 2) Packing List - Triplicate, 3) Full set of 3 Originals and 3 non-negotiable copies of BL, 4) Inspection Certificate by Alex Stewart, 5) COO by Zambian Authority | |||
| 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 | Risk to pass from seller to buyer after product passes ships rail and as per Incoterms 2020 including subsequent amendments as applicable on date of this contract | |||
| INSPECTION | Quality, Size, quantity & Sealing inspection by Alex Stewart International corporation, Zambia before loading trucks at the Zambia factory at the Seller's cost. Sampling results will be final and binding to both parties on this contract | |||
| 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
MTALX Ltd
Name:
The Seller
_____________
Name: