Mon, 09 Jan 2017 09:29:40 +0000 By Bennie Mundando DETAILS have emerged that Kaloswe Commuter and Courier Ltd has to-date failed to pay the Zambia Corporative Federation (ZCF) for the white maize for export to Malawi after entering into a contract to make the stock available. On 31st May, 2016, Kaloswe approached the Zambia Corporative Federation (ZCF) and signed a contract to buy the maize at US$ 215 per tonne from its depots dotted across the country. Among the terms in the contract, ZCF was only going to release the maize after Kaloswe made a full payment in advance per/multiple load prior to the commencement of uplifts and collections from the sources. Kaloswe was also subject to incur 1.5 percent surcharge on contract value if it failed to perform the purchase within seven (7) days of signing the agreement in order to avoid time-wasting and getting ZCF to incur unnecessary costs. In order to raise […]
