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/TWWDMCC/009/2022 | Dated: 01 Nov 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 |
TRANSACTT WORLDWIDE DMCC UNIT NO. 1807-002, MAZAYA BUSINESS AVENUE BB1, PLOT NO. JLTE-PH2-BB1, JUMEIRAH LAKES TOWERS, DUBAI, U.A,E. |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| HIGH CARBON FERRO MANGANESE | Mn- 75% Min, Si- 1.50% Max, C- 6.0-8.0% Max, P-0.30% Max, S- 0.030% Max 50-100 MM (90% Min) less than 50MM 5% Max |
54 MT 1 MT Big Bags |
1120/MT | US Dollar 60480 |
| TOTAL | US Dollar 60480 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Shipped on board from load port on or before 10th Dec 2022 with 14 days free time. | |
| LOADING PORT | Dar Es Salaam Port, Tanzania | DISCHARGE PORT | Port Qasim, Pakistan | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 30% advance 5 days before loading from factory, and balance against scanned copy of shipping documents | |||
| Documents | 1) Commercial Invoice-Triplicate, 2) Packing List with statement of origin declaration and approved rex code declaration - Triplicate, 3) Full set of 3 Originals and 3 non-negotiable copies, Signed, "Shipped on Board " Ocean Bills of Lading, Shipper, Consignee & Notify as per buyer's request. To be affected by the seller against all risks for 113% of the contract value. 4) Test Certificate for quality and quantity 5)Certificate of Certificate of Quality, Quantity, size and bag sealing issued by Mitra SK 6) Certificate of Origin from ZRA or Chamber of Commerce showing manufacturer details A/C of TRA of the goods as exporter and consignee as per buyer request 7) Material safety data sheet confirming this is non-hazardous cargo. 8) Vessel Seaworthy Certificate from shipping line subject to approval/discretion of shipping line | |||
| 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 affected by the seller against all risks for 113% of the contract value. | |||
| RISK | Risk to pass from seller to buyer after discharge at buyer works and as per Incoterms 2020 including subsequent amendments as applicable on the date of this contract | |||
| INSPECTION | 3rd party inspection agency by Alex Stewart at Manufacturer Factory at seller's cost as per ISO Standards strictly. | |||
| 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
TRANSACTT WORLDWIDE DMCC
Name:
The Seller
_____________
Name: