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/VASCONITE/01/2022 | Dated: 08 Feb 2022 | |||
| 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 |
Vasconite (PTY) Ltd 22nd Floor; ABSA Centre Adderley street, Cape Town 8001, South Africa |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn: 76% Min Si: 1.5% Max C: 6-8% Max P: 0.3% Max S: 0.05% Max 10-60MM(90%) |
108 MT 1 MT BIG BAGS |
1450/MT | US Dollar 156600 |
| TOTAL | US Dollar 156600 | |||
| PACKING | 1 MT BIG BAGS | ORIGIN | Zambia | |
| DELIVERY TERMS | FOB | SHIPMENT | Dispatch from Zambia factory in first week of March 2022 | |
| LOADING PORT | Durban,South Africa | DISCHARGE PORT | As per Buyers Option | |
| TRANSSHIPMENT | Not Applicable | PARTIAL SHIPMENT | Not Applicable | |
| PAYMENT TERMS | 100% before lifting of Material from factory | |||
| Documents | A. Tax Invoice – 3 Originals B. Packing List – 3 Originals C. Text Certificate issued by sellers lab, 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 delivered to designated vessel stacks at Durban port, 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. | |||
| EXTRA 1 | If material is off specs or doesn't reach Durban , Buyer will claim the amount paid to Seller. Seller to provide 3rd party inspection report to seller for the confirmation of Buyer to conform the contractual specs. | |||
| 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
Vasconite (PTY) Ltd
Name:
The Seller
_____________
Name: