Sales Contract
The buyer agrees to buy and seller agrees to sell the following goods on the terms and conditions mentioned under.
| CONTRACT NO: DMCC/21-22/P/754 | Dated: 08 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 |
TUF Commodities DMCC Unit No 163, DMCC Business Centre, Level No. PF, Gold Tower (AU) P.O. Box 643906, Dubai, United Arab Emirates. |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn- 76% min, C- 8.0% max, Si- 1.5% max, S- 0.03% max, P- 0.30% max 50-100MM(90%) |
216 MT 1 MT BIG BAGS |
900/MT | US Dollar 194400 |
| TOTAL | US Dollar 194400 | |||
| PACKING | 1 MT BIG BAGS | ORIGIN | Zambia | |
| DELIVERY TERMS | FOT | SHIPMENT | Octomber 2021 | |
| LOADING PORT | N.A | DISCHARGE PORT | N.A | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 100% Advance through TT Prior loading of cargo at our factory | |||
| 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 | N.A | |||
| RISK | N.A | |||
| INSPECTION | N.A | |||
| 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
TUF Commodities DMCC
Name:
The Seller
_____________
Name: