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/PLR/001/2021 | Dated: 30 Sep 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 |
PLR Projects Zambia Ltd Flat No. J8 Zamsure Apartments Behind Golden Bridge Hotel, Great East Road, Lusaka, Zambia |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| N.A. | FC : 82% Min,, VM: 3.5% Max, Ash : 14% Max, 10-45MM (90% Min) |
1500 MT Loose delivered to your plant |
360/MT | US Dollar 540000 |
| TOTAL | US Dollar 540000 | |||
| PACKING | Loose delivered to your plant | ORIGIN | Zimbabwe | |
| DELIVERY TERMS | DAP | SHIPMENT | October - December 2021 | |
| LOADING PORT | Zimbabwe | DISCHARGE PORT | Your Plant, Pensulo, Serenje | |
| TRANSSHIPMENT | Not applicable | PARTIAL SHIPMENT | In lots of 200MT each | |
| PAYMENT TERMS | Payment to be made upon completion of each 200MT lot through TT. | |||
| Documents | 1) Tax Invoice, delivery note. | |||
| 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 | 16% VAT applicable on $360/MT Price | |||
| 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
PLR Projects Zambia Ltd
Name:
The Seller
_____________
Name: