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/OWC/003/2021 | Dated: 01 Oct 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 |
PISEC GROUP AUSTRIA GMBH GUSSHAUSSTRASSE 12, 1040 VIENNA, AUSTRIA |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn : 75% min upto 78% , Carbon : 6-8%, Silicon : max 1.5%, Sulphur : 0,05% max, Phos : 0.30% max 20-150 MM (90% Min) |
135 MT 1 MT Big Bags |
1620/MT | US Dollar 218700 |
| TOTAL | US Dollar 218700 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOT | SHIPMENT | Cargo readiness on 11th Oct Loading from Factory on 18th Oct 2021 | |
| LOADING PORT | Our works in Kanona-Serenje | DISCHARGE PORT | Any port in Pakistan | |
| TRANSSHIPMENT | Not applicable | PARTIAL SHIPMENT | Not applicable | |
| PAYMENT TERMS | 100% Advance through TT Prior loading of cargo at our factory | |||
| Documents | A. Commercial Invoice – 3 Originals B. Packing List – 3 Originals C. Certificate of origin issued by ZRA D. Export permit for smooth removal of goods from Zambia | |||
| 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 | All risks shall pass to the Buyer at the time when the Product is loaded on board the truck at time of loading, in accordance with Incoterms 2010 | |||
| INSPECTION | Quality inspection by Alex Stewart International corporation, Zambia prior to loading of trucks at Zambia factory at Buyer’s cost. Sampling results will be final and binding to both the parties on this contract. | |||
| 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
PISEC GROUP AUSTRIA GMBH
Name:
The Seller
_____________
Name: