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/AC/2020/02.01 | Dated: 02 Jan 2020 | |||
| 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 : 76% Min , Si : 1.50% Max , C : 8.0% Max, P : 0.25% Max, S : 0.03% Max
10- 60 MM (90%Min) |
189 MT 01 Jumbo bag in 1 MT |
820/MT | US Dollar 154980 |
| TOTAL | US Dollar 154980 | |||
| PACKING | 01 Jumbo bag in 1 MT | ORIGIN | Zambia | |
| DELIVERY TERMS | FOB | SHIPMENT | February Shipment | |
| LOADING PORT | Durban Port, South Africa | DISCHARGE PORT | Genova, Italy | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 30% advance against Seller’s PI prior production 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 201 | |||
| INSPECTION | Quality and Size assay certificate issued by producer | |||
| 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: