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/LLR/08/2020 | Dated: 06 Aug 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 |
LL- RESOURCES GmbH 94/OG4 Grieskai, 8020, Graz, Austria |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn - 76.0% Min, Si - 1.50% Max, C - 7.50% Max, Phos - 0.30% Max, S - 0.03% Max 50-100 MM (90% Min) |
96 MT 1 MT Jumbo bags or bulk as per Buyer’s option |
870/MT | US Dollar 83520 |
| TOTAL | US Dollar 83520 | |||
| PACKING | 1 MT Jumbo bags or bulk as per Buyer’s option | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Aug end/ Sept first half | |
| LOADING PORT | Durban Port, South Africa | DISCHARGE PORT | Baltimore Port, United States of America | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not allowed | |
| PAYMENT TERMS | 100% advance payment through TT prior dispatch from seller's factory | |||
| Documents | 1. Full set of Ocean Bill of Lading issued as per Buyer’s Instructions 2. Seller’s Commercial Invoice in 2 originals and 1 copy 3. Seller’s Packing List in 2 originals and 1 copy 4. Certificate of Quality,quantity,size issued by Seller 5. Certificate of Origin GSP Form A issued by ZRA | |||
| 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 buyer, goods ensured until Baltimore Port, USA | |||
| 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 | Test Report issued by seller | |||
| 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: