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/YASH REFRACTORIES/01/2021 | Dated: 06 Jul 2021 | |||
| 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 |
Yash Refractories Unnati Tower, Central Spine, Vidhyadhar Nagar, Jaipur - 302012, Rajasthan, India |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| HIGH CARBON FERRO MANGANESE | Mn : 76.0% Min, Si - 1.5% Max, C 6-8% Max, Phos : 0.30% Max, S : 0.05% Max, Size : 10-60MM (90% Min) 10-60MM (90% MIN) |
135 MT 1 MT Big Bags |
1426/MT | US Dollar 192510 |
| TOTAL | US Dollar 192510 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOT | SHIPMENT | Immediate | |
| LOADING PORT | Not applicable | DISCHARGE PORT | Any port in Argentina | |
| TRANSSHIPMENT | Not applicable | PARTIAL SHIPMENT | Not applicable | |
| PAYMENT TERMS | 100% advance through TT against seller's PFI upon signing of Sales order | |||
| Documents | 1) Tax Invoice & Packing list for each truck, 2) Valid export permit, 3) Police clearance certificate and council levy receipt | |||
| 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, goods once loaded onboard of the trucks all risks are transferred to Buyer | |||
| RISK | All risks shall pass to the Buyer at the time when the Product passes the Trucks on board at the time of loading, in accordance with Incoterms 2010 | |||
| INSPECTION | In House Test report issued by seller's mill | |||
| EXTRA 1 | Buyer cannot sale the product covered under this contract to Pakistan | |||
| 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
Yash Refractories
Name:
The Seller
_____________
Name: