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/GEM/28/2024 | Dated: 25 Apr 2024 | |||
| 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 |
GEMINI CORPORATION N. V. WATERWILGWEG 6 2050, ANTWERP, BELGIUM. VAT Number BE0438488597. |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| SILICO MANGANESE | MN – 65% MIN
SI – 15% MIN
C – 2.5% MAX
P - 0.40% MAX
S - 0.04% MAX
QUANTITY: 162 MT, UNIT PRICE: USD 940/MT
ORIGIN: ZAMBIA
CFR PORT QASIM / KARACHI PORT, PAKISTAN (INCOTERMS : 2020) 25-150 (90%) |
162 MT 1 MT Big Bags |
940/MT | US Dollar 152280 |
| TOTAL | US Dollar 152280 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | CFR | SHIPMENT | May 2024 | |
| LOADING PORT | Dar Es Salaam Port, Tanzania | DISCHARGE PORT | Qasim/Karachi Port, Pakistan | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed, shipment in 2 containers each as per buyer's schedule | |
| PAYMENT TERMS | 100% payment against Irrevocable LC at sight | |||
| Documents | 1) Commercial Invoice-Triplicate, 2) Packing List with statement of origin declaration and showing container & seal numbers - Triplicate, 3) Full set of 3 Originals and 3 non-negotiable copies, Signed, "Shipped on Board " Ocean Bills of Lading, 4) Certificate of Origin issued by Chamber of Commerce of Zambia, 5) Certificate of Quality and Weight issued by Alex Stewart at load port | |||
| 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 | Quality inspection by Alex Stewart International corporation, Zambia prior loading of trucks at Zambia factory at Sellers cost. Sampling results will be final and binding to both the parties on this contract. | |||
| 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
GEMINI CORPORATION N. V.
Name:
The Seller
_____________
Name: