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/OASIS/04.01/2020 | Dated: 01 Apr 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 |
Oasis Mountain Trading LLC PO Box 172132, Dubai , United Arab Emirates |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn : 75% min , Carbon : 6-8%, Silicon : max 1.5%, Sulphur : 0,05% max, Phos : 0.35 % max 10-60 MM (90% Min) |
402 MT 01 Jumbo bag in 1 MT |
900/MT | US Dollar 361800 |
| TOTAL | US Dollar 361800 | |||
| PACKING | 01 Jumbo bag in 1 MT | ORIGIN | Zambia | |
| DELIVERY TERMS | FOB | SHIPMENT | May/June 2020 Shipment | |
| LOADING PORT | Durban Port, South Africa | DISCHARGE PORT | Jebel Ali, Dubai | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 30% advance against Seller’s PI prior production in Kanona, Zambia, 70% immediately upon presentation of scanned copy shipping documents | |||
| Documents | A. Commercial Invoice – 3 Originals B. Packing List – 3 Originals C. Certificate of Quality issued by producer. D. Zambia Certificate of origin issued by ZRA E. Bill of lading 3 original or Telex Release. F. Marine Insurance covering 110% value of cargo clauses ICC B | |||
| 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 | To be borne by seller for ICC B clauses | |||
| RISK | All risks shall pass to the consignee 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 | Third party inspection by internationally recognized agency | |||
| 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
Oasis Mountain Trading LLC
Name:
The Seller
_____________
Name: