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/TRA/23/2025 | Dated: 23 Jul 2025 | |||
| 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 |
TRANSACTT WORLDWIDE DMCC UNIT NO. 1807-002, MAZAYA BUSINESS AVENUE BB1, PLOT NO. JLTE-PH2-BB1, JUMEIRAH LAKES TOWERS, DUBAI, U.A,E. |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn -75% Min, Si- 1.5% Max, S-0.03% Max, C 6-8%, Phos -0.30% Max 50-150 (90%) |
108 MT 1 MT Big Bags with standard marking In 20ft Container |
999/MT | US Dollar 107892 |
| TOTAL | US Dollar 107892 | |||
| PACKING | 1 MT Big Bags with standard marking In 20ft Container | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Before 25th August 2025, with 14 free days at destination. | |
| LOADING PORT | Dar Es Salaam Port, Tanzania | DISCHARGE PORT | Port Qasim / Karachi Port | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not Allowed | |
| PAYMENT TERMS | 30% prepayment against seller's PFI and 70% against scanned copy final shipping documents | |||
| Documents | 1. Commercial Invoice - Triplicate 2. Packing List with statement of origin declaration and approved rex code declaration – Triplicate 3. Full set of 3 Originals and 3 non-negotiable copies, Signed, “Shipped on Board” Ocean Bills of Lading, Shipper, Consignee & Notify as per Buyer’s request. BL must confirm 14 days of detention & demurrage free at POD. 4. Manufacturer Test Certificate for Quality & Quantity 5. Certificate of Quality, size and bag sealing issued by Alex Stewart. 6. Certificate of loading supervision, weighment & container sealing by Alex Stewart, 7. Certificate of origin from ZRA, export declaration for confirming preferential duty treatment, as applicable for the destination, showing the exporter as the Manufacturer. 8. Insurance certificate/Policy for 110% of the contract value covering all risks as per Institute Cargo Clause A, warehouse to warehouse basis, blank endorsed and claims payable in USD. 9. Material Safety Data Sheet confirming this is non-Hazardous cargo. | |||
| 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 | To be affected by the seller against all risks for 110% of the contract value. | |||
| RISK | Risk to pass from seller to buyer cargo loaded on board as per Incoterms 2020 including subsequent amendments as applicable on the date of this contract | |||
| INSPECTION | SELLER shall at its own expense, arrange Alex Stewart as surveyor to take representative samples of the commodity being loaded at the factory for analysis of size, physical and chemical composition of the commodity. At least 25% material must be sample and analyzed. The quality determined shall be final only for invoicing purposes and preparing shipping documents. BUYER’s Surveyor, if any, shall have the right to be present after and prior vessels loading, during sampling and analysis, and take samples as well for counter verifying the Commodity will be loaded as per the specification agreed. All sampling and analysis shall be carried out in accordance with recognized international standards (ISO). | |||
| 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
TRANSACTT WORLDWIDE DMCC
Name:
The Seller
_____________
Name: