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/WM ALLOYS/02/2020 | Dated: 17 Mar 2020 | |||
| 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 |
World Metals & Alloys (FZC) WARE HOUSE NO.Q4/300 P.O. BOX NO. 120369, S.A.I.F. ZONE, SHARJAH. U.A.E. |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| High Carbon Ferro Manganese | Mn :75% Min, Si :1.50% Max, C :6-8.0% Max, P : 0.30%Max, S : 0.05% Max 25-150 MM (90% Min) |
108 MT 1 Mt Jumbo Bags |
925/MT | US Dollar 99900 |
| TOTAL | US Dollar 99900 | |||
| PACKING | 1 Mt Jumbo Bags | ORIGIN | Zambia | |
| DELIVERY TERMS | FOB | SHIPMENT | Within mid April 2020 Shipment | |
| LOADING PORT | Durban Port, South Africa | DISCHARGE PORT | Port Qasim/Karachi, Pakistan | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not Allowed | |
| PAYMENT TERMS | 30% advance 70% against scan copy of shipping documents | |||
| Documents | 1. Full set of Ocean Bill of Lading issued as per Buyer’s Instructions 2. Seller’s Commercial Invoice in 2 originals and 1 copy 3. Seller’s Packing List in 2 originals and 1 copy 4. Certificate of Quality/quantity/size & loading supervision issued by 3rd party 5. Certificate of Origin issued by ZRA | |||
| 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, in accordance with Incoterms 2010 | |||
| INSPECTION | By Alex Stewart/Sk Mitra for Quality / Size / Quantity and loading. | |||
| 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
World Metals & Alloys (FZC)
Name:
The Seller
_____________
Name: