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/003/2021 | Dated: 21 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 |
TRANSACTT WORLDWIDE DMCC UNIT NO. 1807-002, MAZAYA BUSINESS AVENUE BB1, PLOT NO. JLTE-PH2-BB1, JUMEIRAH LAKES TOWERS, DUBAI, U.A,E. |
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| 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% 50-150 MM, 90% MIN (Less than 50mm, 5% Max) |
162 MT 1 MT Jumbo Bags with standard bag markings in 20ft Container |
1990/MT | US Dollar 322380 |
| TOTAL | US Dollar 322380 | |||
| PACKING | 1 MT Jumbo Bags with standard bag markings in 20ft Container | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | 10th December 2021 | |
| LOADING PORT | Dar Es Salam Port, Tanzania | DISCHARGE PORT | CIF Qasim Port, Pakistan | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 30% advance 70% against scan copy of shipping documents | |||
| Documents | 1) Commercial Invoice-Triplicate, 2) Packing List with statement of origin declaration and approved rex code declaration - Triplicate, 3) Full set of 3 Originals and 3 non-negotiable copies, Signed, "Shipped on Board " Ocean Bills of Lading, Shipper, Consignee & Notify as per buyer's request. To be affected by the seller against all risks for 110% of the contract value. | |||
| 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 | To be affected by the seller against all risks for 110% of the contract value. | |||
| RISK | A. Tax 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. | |||
| INSPECTION | 3rd party inspection agency by Alex Stewart or Mitra SK at Manufacturer Factory at seller's cost as per ISO Standards strictly. | |||
| 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
TRANSACTT WORLDWIDE DMCC
Name:
The Seller
_____________
Name: