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/LL RESOURCES/003/2019 | Dated: 17 Aug 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 |
LL- RESOURCES GmbH 94/OG4 Grieskai, 8020, Graz, Austria |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn : 75.0%Min, Si : 1.30% Max, C : 8.00% Max, P : 0.30% Max, S :0.05% Max
120 T : 10-50 MM (90% Min) | 120 T : 50-100 MM (90% Min) |
240 MT 1 Mt Jumbo bags |
1000/MT | US Dollar 240000 |
| TOTAL | US Dollar 240000 | |||
| PACKING | 1 Mt Jumbo bags | ORIGIN | ||
| DELIVERY TERMS | CIF | SHIPMENT | ||
| LOADING PORT | Durban Post, South Africa | DISCHARGE PORT | Baltimore Port, United States of America | |
| TRANSSHIPMENT | Not Allowed | PARTIAL SHIPMENT | Not allowed | |
| PAYMENT TERMS | 100% through TT against dispatch documents and transporter's confirmation of cargo pick up | |||
| 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 | At seller's cost covering ICC clauses B @ 110% value of invoice | |||
| RISK | ||||
| INSPECTION | 3rd party Inspection at factory prior dispatch 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
LL- RESOURCES GmbH
Name:
The Seller
_____________
Name: