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/M7/01/2022 | Dated: 16 Feb 2022 | |||
| SELLER |
Southern Africa Ferro Alloys Ltd. Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia |
|||
| Buyer |
M7 Metals AG Spiegelbergstrasse 29D, Walchwill, 6318 Switzerland |
|||
| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn : 76.0% Min, C : 7.50% Max, Si : 1.20% Max, P : 0.35 % Max, S : 0.05% Max, 50-150MM (90%) |
100 MT Bulk , No 'hazardous material' (or similar) sticker or placard applied to the container. |
1695/MT | US Dollar 169500 |
| TOTAL | US Dollar 169500 | |||
| PACKING | Bulk , No 'hazardous material' (or similar) sticker or placard applied to the container. | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Shipment by 31 March 2022 | |
| LOADING PORT | Durban, RSA | DISCHARGE PORT | Baltimore, MD, USA | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not Allowed | |
| PAYMENT TERMS | 25% Payable after this contract is signed and within 5 business days of receipt of the proforma invoice.balance payable net cash against the following copies of original document(sent by emails) as specified below. | |||
| Documents | 1. Commercial Invoice stating FOB value with freight shown separately. 2. 3/3 Orginal Bill of Lading marked "Freight Prepaid". Other details to be advised. 3. Certificate of Origin issued by the Seller confirming Zambian origin. 4. Detailed packing list stating container number: gross and net weight per container. 5. Beneficiary's statement certifying that one copy of the invoice and one copy of the bill of lading have been sent to the applicant by email latest 5 days after vessel sailing. This can be emailed to info@m7metals.com. 6. Beneficiary's certificate certifying the bill of lading number(s), sellers name and address, consolidators name and address, container stuffing location name and address must be sent via email 72 hours prior to the goods loading onto vessel. This can be emailed to info@m7metals.com. 7. MIl Test Certificate issued by Alex Stewart confirming chemistry, physical properties and description of container loading (including photographs). | |||
| 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 | Not Applicable | |||
| RISK | All risks shall pass to the Buyer at the time when the Product passes the ship’s rail on board the vessel at time of loading, in accordance with Incoterms 2010 | |||
| INSPECTION | The Buyer has the right to appoint an inspection agency at their cost and expense to inspect the cargo before it is stuffed into container at the Seller's warehouse. Within 7 working days following inspection the Buyer shall inform the seller of the inspection results and if the quality is in conformity with the specification under the contract, the cargo will be stuffed into containers and delivered to the port. | |||
| 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
M7 Metals AG
Name:
The Seller
_____________
Name: