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/26/2026 | Dated: 11 May 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 |
GMM -Global Minerals & Metals SA Via Suvaia di pozzo 12, 6818 Melano, Switzerland |
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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% Max, Phos -0.25% Max 10-60 MM (90%) |
560 MT Loose in containers |
1057/MT | US Dollar 591920 |
| TOTAL | US Dollar 591920 | |||
| PACKING | Loose in containers | ORIGIN | Zambia | |
| DELIVERY TERMS | CFR | SHIPMENT | Shipment of 280 Mt early June & 280 Mt early July | |
| LOADING PORT | Dar Es Salaam, Tanzania | DISCHARGE PORT | Venice Port, Italy | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 10% advance payable 3 weeks prior to loading, with balance payment within 7 days through CAD Bank. | |||
| Documents | 1. Commercial Invoice 2. Packing List 3. Certificate of origin Issued By ZRA 3. Full set of “Shipped on Board” Ocean Bills of Lading. 4. Certificate of Quality, size issued by Alex Stewart Zambia. | |||
| 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 | Insurance to be affected by Buyer before vessel depart from Dar Es Salaam, Tanzania. | |||
| 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 | Quality inspection by Alex Stewart International Zambia Ltd, Prior loading of trucks at Zambia factory at Sellers cost. Sampling results will be final and binding to both the 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
GMM -Global Minerals & Metals SA
Name:
The Seller
_____________
Name: