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/AL /2/2026 | Dated: 19 Jan 2026 | |||
| 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 |
Al Saham Al Fadhi Metal Industries LLC PO Box No. 23094, Sharjah, UAE |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn: 75% min , Carbon: 6-8%, Silicon: max 1.5%, Sulphur: 0.05% max, Phos: 0.30% max 50-150MM (90% Min) |
108 MT 1 MT Big Bags |
890/MT | US Dollar 96120 |
| TOTAL | US Dollar 96120 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOT | SHIPMENT | Immediate dispatch upon receipt of 100% advance and truck placement by Buyer | |
| LOADING PORT | Not Applicable | DISCHARGE PORT | Not Applicable | |
| TRANSSHIPMENT | Not Applicable | PARTIAL SHIPMENT | Not Applicable | |
| PAYMENT TERMS | 100% advance against sellers proforma invoice on or before 10th May 2026 | |||
| Documents | 1) Dispatch Invoices, 2) Packing list, 3) Export permit to effect Zambian clearance | |||
| 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 has been loaded on the Buyer's appointed trucks, in accordance with Incoterms 2010 | |||
| INSPECTION | On a/c of Buyer to be arranged by Buyer on their cost. | |||
| EXTRA 1 | Buyer to ensure that the Export declaration documents of Zambian customs and Tanzanian customs are provided to Seller within 15 days of truck loading from Seller's 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. |
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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
Al Saham Al Fadhi Metal Industries LLC
Name:
The Seller
_____________
Name: