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/SYNAPS/01/2019 | 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 |
Synaps Technologies (M) SDN BHD No. 55, 1st Floor, Jalan Anggerik Vanilla T31/T, Kota Kemuning, 40464 Shah Alam Selangor Darul, Ehsan, Malaysia |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High-Carbon Silico-Manganese | Mn : 65% Min, Si :16% Min, C : 2.50% Max, P : 0.30 % Max, S : 0.04% Max 10-60 mm (90%Min) |
130 MT 1 Mt Jumbo bags |
1055/MT | US Dollar 137150 |
| TOTAL | US Dollar 137150 | |||
| PACKING | 1 Mt Jumbo bags | ORIGIN | ||
| DELIVERY TERMS | CIF | SHIPMENT | ||
| LOADING PORT | Durban , South Africa | DISCHARGE PORT | Port Klang, Malaysia | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | NA | |
| PAYMENT TERMS | 50% advance prior production of material balance 50% 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 | ||||
| RISK | ||||
| INSPECTION | Quality inspection by Alex Stewart Zambia prior loading of trucks | |||
| 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
Synaps Technologies (M) SDN BHD
Name:
The Seller
_____________
Name: