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/02/2022 | Dated: 12 Aug 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 |
| SILICO MANGANESE | Mn : 65% Min, Si : 15.0% Min, Phos : 0.35% Max, S : 0.03% Max, C : 2.50% Max. 10-150 MM (90% Min) |
56 MT 1 MT Big Bags 28MT in each container |
1110/MT | US Dollar 62160 |
| TOTAL | US Dollar 62160 | |||
| PACKING | 1 MT Big Bags 28MT in each container | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Within Sept 2022 | |
| LOADING PORT | Dar - Tanzania/ Durban-South Africa | DISCHARGE PORT | Karachi Port, Pakistan | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not allowed | |
| PAYMENT TERMS | 20% advance payment against seller's PFI before dispatch of material from factory, 80% balance within 3 working days against scanned documents. | |||
| Documents | 1) Original commercial Invoice, 2) Original Packing list, 3) Original set of BL 3+ 3 NN copy, 4) Original 3rd party inspection for weight and quality, 5) Marine Insurance ICC A, 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 | ||||
| INSPECTION | 3rd party inspection of quality, sizing and weight by alex Stewart Zambia | |||
| 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: