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/ITALGHISA/01/2019 | Dated: 20 Jun 2019 | |||
| 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 |
ITALGHISA S.p.A. Via A.Gramsci, 184, 25021 Bagnolo Mella (Brescia), Italy VAT number: 03808870988 |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn : 75.0% Min, Si : 1.50% Max, Phos : 0.30% Max, S : 0.05% Max 10-60 MM (90% Min) |
162 MT 1 Mt Jumbo bags / Loose as per Buyer's option |
1010/MT | US Dollar 163620 |
| TOTAL | US Dollar 163620 | |||
| PACKING | 1 Mt Jumbo bags / Loose as per Buyer's option | ORIGIN | ||
| DELIVERY TERMS | FOB | SHIPMENT | ||
| LOADING PORT | Durban , South Africa | DISCHARGE PORT | NA | |
| TRANSSHIPMENT | NA | PARTIAL SHIPMENT | NA | |
| PAYMENT TERMS | 30% advance prior production of material balance 70% upon FOB of cargo against Commercial Inv & PL | |||
| Documents | 1. Commercial Inv - 3 copies 2. Packing List - 3 copies 3. Certificate of quality issued by Alex Stewart 4. Rex Statement on Origin declaration in Inv & PL for preferred duty(EU export only) | |||
| 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 | NA | |||
| RISK | ||||
| INSPECTION | At manufacturer's factory prior loading of material by 3rd party Alex Stewart at seller's cost. | |||
| 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
ITALGHISA S.p.A.
Name:
The Seller
_____________
Name: