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/TRANSACTT/001/2019 | Dated: 05 Apr 2019 | |||
| 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 |
TRANSACTT WORLDWIDE DMCC UNIT NO. 1807-002, MAZAYA BUSINESS AVENUE BB1, PLOT NO. JLTE-PH2-BB1, JUMEIRAH LAKES TOWERS, DUBAI, U.A,E. |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High-Carbon Silico-Manganese | Mn – 65% Min
Si- 15% Min
C – 2.50% Max
Phos- 0.25%Max(Typical <0.2)
S – 0.05% Max
10-60 MM (90% Min) |
104 MT |
1065/MT | US Dollar 110760 |
| TOTAL | US Dollar 110760 | |||
| PACKING | ORIGIN | |||
| DELIVERY TERMS | CIF | SHIPMENT | ||
| LOADING PORT | Durban , South Africa | DISCHARGE PORT | Bilbao, Spain | |
| TRANSSHIPMENT | NA | PARTIAL SHIPMENT | NA | |
| PAYMENT TERMS | 40% advance prior production of material balance 60% upon shipment against scanned documents within 3 days of sending documents | |||
| 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 | To be borne by supplier | |||
| RISK | ||||
| INSPECTION | ||||
| 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
TRANSACTT WORLDWIDE DMCC
Name:
The Seller
_____________
Name: