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/TWWDMCC/001/2021 | Dated: 05 Oct 2021 | |||
| SELLER |
Southern Africa Ferro Alloys Ltd. Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia |
|||
| Buyer |
TRANSACTT WORLDWIDE DMCC UNIT NO. 1807-002, MAZAYA BUSINESS AVENUE BB1, PLOT NO. JLTE-PH2-BB1, JUMEIRAH LAKES TOWERS, DUBAI, U.A,E. |
|||
| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn- 75% Min, Si- 1.50% Max, C- 6.0-8.0% Max, P-0.30% Max, S- 0.030% Max.50-150MM (90% Min) (Less than 50mm, 5% Max) 50-150MM (90% Min) (Less than 50mm, 5% Max) |
216 MT 1 MT Jumbo Bags |
1750/MT | US Dollar 378000 |
| TOTAL | US Dollar 378000 | |||
| PACKING | 1 MT Jumbo Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | November- 2021 | |
| LOADING PORT | Dar Es Salam Port, Tanzania | DISCHARGE PORT | Port Qasim / Karachi Port, Pakistan | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed in Lots of 108MT | |
| PAYMENT TERMS | 30% advance 70% against scan copy of shipping documents | |||
| 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 |
|||
| BUYER'S BANK | ||||
| INSURANCE | To be affected by the seller against all risks for 110% of the contract value. | |||
| RISK | To pass from Seller to Buyer as per INCOTERMS 2010 including subsequent amendments as applicable on the date of this contract. | |||
| INSPECTION | 3rd party inspection by Alex Stewart at Zambia plant | |||
| 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. |
|||
| 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). |
|||
Accepted and confirmed by:
The Buyer
TRANSACTT WORLDWIDE DMCC
Name:
The Seller
_____________
Name: