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/PACIFIC/01/2022 | Dated: 29 Jun 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 |
Pacific Alloys & Metals FZ-LLC FOAM0264, Service Block, Al, Jazirah Al Hamra, Al Hamra Industrial Zone-FZ, Ras Al Khaimah, U.A.E |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn 75% min.
Si 1.5% max.
C 8.0% max
P 0.30% max
S 0.03% max 25-150 mm (90% min) |
54 MT 1 MT bags in Container (27 MT per Container) |
1275/MT | US Dollar 68850 |
| TOTAL | US Dollar 68850 | |||
| PACKING | 1 MT bags in Container (27 MT per Container) | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Shipment by end of July, Subject to : Shipment within 30 days from day of receipt of prepayment | |
| LOADING PORT | Dar Es Salaam /Durban as per Seller's option | DISCHARGE PORT | Karachi Port, Pakistan | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not applicable | |
| PAYMENT TERMS | Prepayment 20% against sellers PFI within 2 working days from date of contract signing balance 80 % against scan copy of docs | |||
| Documents | 1) Original commercial Invoice, 2) Original Packing list, 3) Original set of BL, 4) Original 3rd party inspection for weight and quality, 5) Marine Insurance, 6) Certificate of Origin issued by ZRA. | |||
| 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 bourne by Seller covering ICC A clauses port to port basis | |||
| 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 | Third-Party Certificate shall determine the quality of the cargo and BL Weight will be considered as Final. 3rd party inspection by Alex Stewart Internation at Seller's factory prior dispatch of cargo. | |||
| EXTRA 1 | Final docs to be shared within 7-10 days of shipment and draft to be given before the date of shipment | |||
| EXTRA 2 | Free Time : 14 days free of Detention and 7 Demurrage | |||
| 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
Pacific Alloys & Metals FZ-LLC
Name:
The Seller
_____________
Name: