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/UMCIL/01/2020 | Dated: 07 Oct 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 |
Universal Mining & Chemical Industries Limited Plot No.3944 Opp.Nitrogen Chemicals Heavy Industrial Area KAFUE , ZAMBIA |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High-Carbon Silico-Manganese | Mn : 65% Min, Si : 15.0% 10-60 MM (90% Min) |
105 MT 1 Mt Jumbo bags |
780/MT | US Dollar 81900 |
| TOTAL | US Dollar 81900 | |||
| PACKING | 1 Mt Jumbo bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOT | SHIPMENT | October 2020 | |
| LOADING PORT | Serenje, Central Province | DISCHARGE PORT | Kafue, Lusaka Province | |
| TRANSSHIPMENT | Not Applicable | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 100% advance through bank transfer | |||
| Documents | 1. Tax Invoice, 2. Packing list, Weight Slip, Test Report, Police Clearance | |||
| 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 | Not Applicable | |||
| INSPECTION | In House 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
Universal Mining & Chemical Industries Limited
Name:
The Seller
_____________
Name: