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/MINERAL LOY/2022/LT/02 | Dated: 02 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 |
MINERAL-LOY (Pty) Ltd 16, Stirrup Lane, Woodmead Park, Sandton, 2128, ZA |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High-Carbon Silico-Manganese | Mn :65% Min, Si :15% Min , C : 2.5% Max, P : 0.30% Max, S : 0.05% Max 10-60MM (90% MIN) |
200 MT 1 MT Big Bags |
1015/MT | US Dollar 203000 |
| TOTAL | US Dollar 203000 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | DAP | SHIPMENT | Dispatch from Zambia by 8th / 10th November upon receipt of 100% prepayment | |
| LOADING PORT | SAFAL Plant, Kanona | DISCHARGE PORT | Designated warehouse at JHB, South Africa | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 100% payment before lifting of the material against seller's Proforma Invoice | |||
| Documents | 1) Commercial Invoice 2) Packing 3) Mill Test report 3) SADC Certificate of Origin | |||
| 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 | Not applicable | |||
| RISK | All risks shall pass to the Buyer at the time when the Product is delivered to the designated place at Johannesburg RSA | |||
| INSPECTION | In-house test report to be issued by the producer | |||
| 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
MINERAL-LOY (Pty) Ltd
Name:
The Seller
_____________
Name: