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/LLR/07/2019 | Dated: 11 Dec 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 |
LL- RESOURCES GmbH 94/OG4 Grieskai, 8020, Graz, Austria |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn : 75.0%Min Si :1.30% Max C : 8.00% Max, P: 0.25 % Max, S : 0.05% Max
10-60 MM (90% Min) |
150 MT 1 MT Big Bags |
835/MT | US Dollar 125250 |
| TOTAL | US Dollar 125250 | |||
| PACKING | 1 MT Big Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Shipment before 10th January 2020. Dispatch by 15th Dec 2019 | |
| LOADING PORT | Durban Port, South Africa | DISCHARGE PORT | St. Petersburg, Russia | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not allowed | |
| PAYMENT TERMS | 100% advance against factory dispatch docs & transporter's cargo collection confirmation letter | |||
| 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 done by seller at 110% invoice value covering ICC B clauses till St. Petersburg Port, Russia | |||
| 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, in accordance with Incoterms 2010 | |||
| INSPECTION | Inspection by Alex Stewart Zambia prior dispatch from seller's factory on cost of seller. | |||
| 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
LL- RESOURCES GmbH
Name:
The Seller
_____________
Name: