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/INTERFACE/004/2019 | Dated: 30 Oct 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 |
Interface Transworld LLC Suite 2101, Vision Tower, Business Bay, Dubai, UAE- P.O. Box 24369. |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn- 75% Min, Si- 1.0% Max, C- 8.0% Max, P- 0.30% Max, S- 0.02% Max 10-50 MM (90% Min) + 70 MM Nill |
108 MT 1 MT Jumbo bag in 20 containers |
865/MT | US Dollar 93420 |
| TOTAL | US Dollar 93420 | |||
| PACKING | 1 MT Jumbo bag in 20 containers | ORIGIN | ||
| DELIVERY TERMS | CIF | SHIPMENT | ||
| LOADING PORT | DBN, RSA | DISCHARGE PORT | Sohar, Oman | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | 2 Shipments of 2*20 each | |
| PAYMENT TERMS | 30% Prepayment, balance 70% against scanned shipping docs | |||
| 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 | ||||
| RISK | ||||
| INSPECTION | Quality prior loading of trucks at Zambia factory 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
Interface Transworld LLC
Name:
The Seller
_____________
Name: