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/03/2019 | Dated: 19 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 |
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 : 2.0% Max, P : 0.30 % Max, S: 0.05% Max
10-60 MM (90% Min) |
270 MT 1 MT Jumbo bags in 20ft containers |
920/MT | US Dollar 248400 |
| TOTAL | US Dollar 248400 | |||
| PACKING | 1 MT Jumbo bags in 20ft containers | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | Jan end/ Feb First half 2020 shipments | |
| LOADING PORT | Durban Port, South Africa | DISCHARGE PORT | Port Klang, Malaysia | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not allowed | |
| PAYMENT TERMS | 30% advance prior dispatch, balance against scan shipping docs | |||
| Documents | a. Bill of Lading – 3 Originals b. Commercial Invoice – 3 Originals c. Packing List – 3 Originals d. Certificate of Quality issued by Alex Stewart e. Certificate of origin f. Certificate of Insurance for 110% of CIF Invoice Value, covering all major risks – ICC class B. | |||
| 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 | At seller's cost for ICC B clauses | |||
| 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 | 3rd party inspection prior loading of trucks at seller's factory at seller's cost | |||
| EXTRA 1 | a. Bill of Lading – 3 Originals b. Commercial Invoice – 3 Originals c. Packing List – 3 Originals d. Certificate of Quality issued by Alex Stewart e. Certificate of origin f. Certificate of Insurance for 110% of CIF Invoice Value, covering all major ri | |||
| 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: