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/TRULEAP/005/2021 | Dated: 13 Dec 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 |
Truleap DMCC Unit No. 2307, 1 Lake Plaza, Jumeirah Lakes Towers, Cluster T, Dubai, UAE |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Silico Manganese Fines | Mn : 60.0%Min Si : 15% Min P : 0.30 % Max S : 0.04% Max , C : 2.20% Max 10-60MM (90% MIN) |
50 MT 1MT Big Bags |
1000/MT | US Dollar 50000 |
| TOTAL | US Dollar 50000 | |||
| PACKING | 1MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOT | SHIPMENT | Immediate | |
| LOADING PORT | Kanona, Serenje | DISCHARGE PORT | Durban, South Africa | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 100% against shipping docs | |||
| Documents | 1) Invoice, 2) Packing list, 3) Police Clearance & 4) Valid export permit | |||
| 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 | ||||
| RISK | To pass from Seller to Buyer as per INCOTERMS 2010 including subsequent amendments as applicable on the date of this contract. | |||
| INSPECTION | Inhouse test report issued by Seller | |||
| 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
Truleap DMCC
Name:
The Seller
_____________
Name: