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/PAR/9/2023 | Dated: 06 Mar 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 |
Parrogate Zimbawe Pvt Ltd 125, Bishop Gaul Avenue, Avondale, Harare, Zimbabwe |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn: 75% min , Carbon: 7.50% Max, Silicon: max 1.5%, Sulphur: 0.03% max, Phos: 0.30% max 10-60MM (90% MIN) |
10 MT 1 MT Big Bags |
970/MT | US Dollar 9700 |
| TOTAL | US Dollar 9700 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOT | SHIPMENT | Not Applicable | |
| LOADING PORT | SAFPACK Warehouse, Lusaka | DISCHARGE PORT | Not applicable | |
| TRANSSHIPMENT | Not applicable | PARTIAL SHIPMENT | Not applicable | |
| PAYMENT TERMS | 100% against shipping docs | |||
| Documents | 1) Tax 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 in Zimbabwe | |||
| 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
Parrogate Zimbawe Pvt Ltd
Name:
The Seller
_____________
Name: