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/LEN/27/2026 | Dated: 20 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 |
LENOX INDUSTRY, a.s. Veleslavinova 93/10, 110 00 Praha 1, Czech Republic |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn -75% Min, Si- 1.5% Max, S-0.04% Max, C 6-8% Max, Phos -0.30% Max 10-60 MM (90% Min) |
504 MT Loose in containers |
1070/MT | US Dollar 539280 |
| TOTAL | US Dollar 539280 | |||
| PACKING | Loose in containers | ORIGIN | Zambia | |
| DELIVERY TERMS | CFR | SHIPMENT | Shipment in end of June 2026 from Dar Es Salaam port. | |
| LOADING PORT | Dar Es Salaam, Tanzania | DISCHARGE PORT | Venice Port, Italy | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not Allowed | |
| PAYMENT TERMS | 20% advance within 5 working days against sellers proforma invoice and balance against scanned shipping documents within 5 working days. | |||
| Documents | 1) 3/3 ORIGINAL “SHIPED ON BOARD” BILL OF LADING MARKED “FREIGHT PREPAID" . 2) 3 ORIGINAL OF COMMERCIAL INVOICE 3)3 ORIGINAL PACKING LIST HAVING REX DECLARATION 4) MILL CERTIFICATE ISSUED BY MILL. 5) CERTIFICATE OF QUALITY & WEIGHT ISSUED BY ALEX STEWART 6) A COMPLETE CBAM EMISSION DATA OR CBAM DATA SUPPORTING DOCUMENTS ISSUED BY SENTRA.WORLD | |||
| 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 passes the ship’s rail on board the vessel at time of loading, in accordance with Incoterms 2020 | |||
| INSPECTION | The certificate of quality and weight issued by 3rd party inspection at the seller’s factory shall be final and binding for both parties, provided that no claim is raised by the buyer. The buyer reserves the right to have the material inspected upon arrival by a third-party independent entity, with testing to be carried out by a reputed 3rd party mutually agreed. Additionally, the maximum acceptable weight difference for the material is set at 0.4% | |||
| 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
LENOX INDUSTRY, a.s.
Name:
The Seller
_____________
Name: