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/BIOVUX/001/2022 | Dated: 11 Mar 2022 | |||
| SELLER |
Southern Africa Ferro Alloys Ltd. Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia |
|||
| Buyer |
Biovux Investments 12 Wakefield Road Avondale Harare Zimbabwe 0776606596 |
|||
| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn : 75% min upto 78% , Carbon : 6-8%, Silicon : max 1.5%, Sulphur : 0,05% max, Phos : 0.30% max 10-60MM (90% Min) |
8 MT 1 MT BIG BAGS |
1600/MT | US Dollar 12800 |
| TOTAL | US Dollar 12800 | |||
| PACKING | 1 MT BIG BAGS | ORIGIN | Zambia | |
| DELIVERY TERMS | FOT | SHIPMENT | All risks shall pass to the Buyer at the time when the Product is loaded on board the truck at time of loading, in accordance with Incoterms 2010 | |
| LOADING PORT | As per Buyers option | DISCHARGE PORT | As per Buyers option | |
| TRANSSHIPMENT | Not applicable | PARTIAL SHIPMENT | Not Applicable | |
| PAYMENT TERMS | 100% Advance through TT Prior loading of cargo at our factory. | |||
| Documents | 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 | |||
| 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 | N/A | |||
| RISK | All risks shall pass to the Buyer at the time when the Product is loaded on board the truck at time of loading, in accordance with Incoterms 2010 | |||
| INSPECTION | TC 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. |
|||
| 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
Biovux Investments
Name:
The Seller
_____________
Name: