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/INN/17/2026 | Dated: 30 Mar 2026 | |||
| 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 |
INNOVATION WORLWIDE DMCC UNIT NO. 401, FORTUNE EXECUTIVE TOWER, PLOT NO: JLT-PH2-T1A, JUMEIRAH LAKES TOWER, DUBAI, U.A,E. |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn : 75% Min, Si : 1.5% Max, C : 6-8%, Phos 0.30% Max, S : 0.05% Max 10-60 MM (90% Min) |
504 MT 1 MT NEUTRAL BIGBAGS IN 20FT CONTAINER WITH 28MT MAX PER CONTAINER – FCL/FCL, CY/CY |
1118/MT | US Dollar 563472 |
| TOTAL | US Dollar 563472 | |||
| PACKING | 1 MT NEUTRAL BIGBAGS IN 20FT CONTAINER WITH 28MT MAX PER CONTAINER – FCL/FCL, CY/CY | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | April 2026 | |
| LOADING PORT | Dar Es Salaam, Tanzania | DISCHARGE PORT | Rotterdam, Netherlands | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Allowed | |
| PAYMENT TERMS | 80% advance against seller's proforma invoice before factory dispatch and balance against selling of material at Rotterdam Warehouse. | |||
| Documents | 1) Commercial Invoice, 2) BOL full set (3/3) of original Shipped drawn as per SI instructions of IWW, 3) Insurance certificate /Policy for 110% of the contract Value covering all risks as per institute Cargo Clause A, warehouse to warehouse basis, blank endorsed and claims payable in USD, 4) 3rd party inspection and bag sealing certificate issued by an internationally recognized inspection agency (Alex Stewart/ SGS/BV/MITRA SK), strictly as per ISO methods for Sampling, Quality, Quantity and Bag Sealing for each lot. 5) MSDS 6) REX Declaration on seller Packing List with approved rex code & export declaration for confirming preferential duty treatment, as applicable for destination | |||
| 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 | Warehouse to warehouse basis for 110% Value covering all risks as per the Institute Cargo Clause A | |||
| RISK | All risk shall pass to Buyer upon discharge of cargo from Vessel at Rotterdam Port | |||
| INSPECTION | 3rd Party inspection at Zambia factory at seller's exp by Alex Stewart International, Alex Stewart to seal each bag and append seal numbers on the certificate. | |||
| 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
INNOVATION WORLWIDE DMCC
Name:
The Seller
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Name: