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/DCM ALLOYS/03/2019 | Dated: 26 Dec 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 |
DCM Alloys GmbH Stiegengasse 1, 8280 Fuerstenfeld, Austria, e-mail: vassil.novatchkov@carbones.at |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn 75.0-82.0%, C 6.5-7.5%, Si 1.2% max., P 0.35% max, H2O 0.5% max 10-60 MM (90% Min) |
108 MT Loose in containers |
855/MT | US Dollar 92340 |
| TOTAL | US Dollar 92340 | |||
| PACKING | Loose in containers | ORIGIN | Zambia | |
| DELIVERY TERMS | FOB | SHIPMENT | Shipment in Feb 2020 | |
| LOADING PORT | Durban Port, South Africa | DISCHARGE PORT | NA | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not allowed | |
| PAYMENT TERMS | 30% advance against our PI prior dispatch from our works in Kanona, Zambia, 70% immediately upon presentation of proof of delivery at designated shipping line stack and commercial invoice. | |||
| 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 2010 | |||
| INSPECTION | Quality inspection by Alex Stewart International corporation, Zambia prior loading of trucks at Zamb | |||
| EXTRA 1 | A. Commercial Invoice – 3 Originals B. Packing List – 3 Originals C. Certificate of Quality issued by Alex Stewart D. Statement on origin declared in Packing List of seller’s. E. Bill of Lading 3 original | |||
| 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
DCM Alloys GmbH
Name:
The Seller
_____________
Name: