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/V E/32/2024 | Dated: 29 Apr 2024 | |||
| SELLER |
Southern Africa Ferro Alloys Ltd. Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia |
|||
| Buyer |
V Elementis DMCC Unit No. 1102, Fortune Tower, Plot No: JLT-PH1-C1A, Jumeirah Lakes Towers, Dubai, United Arab Emirates |
|||
| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn 75% min,
Si 1.5% max,
C 8% max,
P 0.30% max,
S 0.03% max, 10-60 MM (90%) |
200 MT Packed Loose in containers |
960/MT | US Dollar 192000 |
| TOTAL | US Dollar 192000 | |||
| PACKING | Packed Loose in containers | ORIGIN | Zambia | |
| DELIVERY TERMS | FOB | SHIPMENT | Despatch from plant by 20th May, buyer to plan vessel accordingly having ETD after 10th June 2024 | |
| LOADING PORT | Dar Es Salaam, Tanzania | DISCHARGE PORT | As per buyer's choice | |
| TRANSSHIPMENT | Not applicable | PARTIAL SHIPMENT | Not applicable | |
| PAYMENT TERMS | 10% advance and balance against CMR certificate issued by forwarder upon dispatch of goods from our works to confirm goods are in custody of forearder. | |||
| Documents | A. Commercial Invoice – 3 Originals B. Packing List – 3 Originals C. Quality and Quantity certificate issued by Alex Stewart Zambia - 1 Original D. ZRA 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 |
|||
| BUYER'S BANK | ||||
| INSURANCE | Not applicable | |||
| RISK | All risks shall pass to the Buyer at the time when the Product is delivered to port stacks at Dar Es salaam, Tanzania | |||
| INSPECTION | quality and quantity inspection by Alex Stewart at seller cost before dispatch of cargo from seller's factory | |||
| 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. |
|||
| 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). |
|||
Accepted and confirmed by:
The Buyer
V Elementis DMCC
Name:
The Seller
_____________
Name: