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/ITA/18/2026 | Dated: 07 Apr 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 |
ITALGHISA S.p.A. Via A.Gramsci, 184, 25021 Bagnolo Mella (Brescia), Italy VAT number: 03808870988 |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn : 75% Min , Si : 1.50% Max (Typical 1.0%) , C : 7.5% Max, P : 0.30% Max (Typical 0.25%), S : 0.03% Max 10-60 (90%) |
1148 MT Packed Loose in containers |
1025/MT | US Dollar 1176700 |
| TOTAL | US Dollar 1176700 | |||
| PACKING | Packed Loose in containers | ORIGIN | Zambia | |
| DELIVERY TERMS | FOB | SHIPMENT | Shipment of 16 containers in May 2026 end Vessel, 25 containers in June 2026 End vessel from Dar Es Salaam port. | |
| LOADING PORT | SAFAL Plant, Kanona | DISCHARGE PORT | Genoa Port or La Spezia, Italy (buyer's option) | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not Allowed | |
| PAYMENT TERMS | First Lot (16 Containers): 30% advance payment shall be made on 28th April 2026. Second Lot (25 Containers): 30% advance payment shall be made by end of May / early June 2026, against the Seller’s Proforma Invoice (PFI). Balance Payment: The remaining 70% for both lots shall be settled against scanned copies of shipping documents provided by the Seller. | |||
| Documents | 1) Scanned Commercial Invoice, 2) Scanned Packing list, 3) Scanned Bill of lading, 4) Mitra SK test results from Mitra SK (Sample collected by SAFAL and sent to Mitra Lab). 5) SAFAL Test report. 6) Non-Manipulation Report | |||
| 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, by Incoterms 2020. | |||
| INSPECTION | Quality testing by MSK from the in-house sample sent to Mitra SK. | |||
| 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
ITALGHISA S.p.A.
Name:
The Seller
_____________
Name: