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/GME/1/2026 | Dated: 09 Jan 2026 | |||
| SELLER |
Southern Africa Ferro Alloys Ltd. Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia |
|||
| Buyer |
GME Metals Srl Via Aldo Moro, 44 25124 Brescia, Italy VAT IT04296260989 |
|||
| COMMODITY | SPECIFICATION | QUANTITY | PRICE (Euro) | TOTAL AMOUNT |
| Ferro Manganese | Mn -75% Min, Si- 1.5% Max, S-0.05% Max, C 6-8% Max, Phos -0.30% Max 10-60 MM (90%) |
560 MT Loose in containers |
910/MT | Euro 509600 |
| TOTAL | Euro 509600 | |||
| PACKING | Loose in containers | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Prompt within February 2026 | |
| LOADING PORT | Dar Es Salaam, Tanzania | DISCHARGE PORT | Venice Port, Italy | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 20% prepayment against sellers proforma invoice before factory dispatch and 80% against scanned shipping docs | |||
| 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 of “Shipped on Board” Ocean Bills of Lading. BL must confirm 14 days of detention & demurrage free at POD. 4. Certificate of Quality, size and bag sealing issued by Alex Stewart or SK Mitra. 5. Insurance certificate/Policy for 110% of the contract value covering all risks as per Institute Cargo Clause B port to port 6. 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 |
|||
| BUYER'S BANK | ||||
| INSURANCE | To be affected by the seller against all ICC B 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 | Mitra SK / Alex Stewart International, before the dispatch of cargo at the Zambia factory. | |||
| 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. |
|||
| 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). |
|||
Accepted and confirmed by:
The Buyer
GME Metals Srl
Name:
The Seller
_____________
Name: