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/PROFOUND/01/2023 | Dated: 02 Jan 2023 | |||
| 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 |
ProFound Alloys LLC 1400 Ashwood Drive Suite 1401 Canonsburg, PA 15317 United States of America |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn: 75% min , Carbon: 6-8%, Silicon: max 1.5%, Sulphur: 0.05% max, Phos: 0.30% max 10-60MM (90% MIN) |
513 MT 1MT Big Bags |
1050/MT | US Dollar 538650 |
| TOTAL | US Dollar 538650 | |||
| PACKING | 1MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOB | SHIPMENT | Shipment by First week of Feb 2023, cargo ready in JHB by end of Jan 2023 | |
| LOADING PORT | Durban, South Africa / Dar Es Salaam, Tanzania | DISCHARGE PORT | Baltimore, USA | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 15% advance payment against seller's PFI before dispatch of material from factory, 85% balance within 3 working days against scanned documents. | |||
| Documents | 1) Original commercial Invoice, 2) Original Packing list, 3) Original 3rd party inspection for weight and quality, 4) Certificate of Origin issued by ZRA/ chamber of commerce. 5) SOB confirmation of units loaded on board of the vessel. | |||
| 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 passes the ship’s rail on board the vessel at time of loading, in accordance with Incoterms 2010 | |||
| INSPECTION | hird-Party Certificate shall determine the quality of the cargo, 3rd party inspection by Alex Stewart Internation at Seller's factory prior to dispatch of cargo. | |||
| 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
ProFound Alloys LLC
Name:
The Seller
_____________
Name: