Import and export of goods with South Africa — a bilingual EN/RU contract in 15 minutes. CISG not ratified, settlements in USD/ZAR
Parties, documents and specifics for every deal scheme
Four contract types — for any deal structure with a South African partner
Import platinum, gold, chromite, diamonds, citrus fruit, and wine from South Africa.
Export metals, fertilizers, petroleum products, and chemicals to South Africa.
A contract for services from South African companies: mining, IT, finance.
A contract for services to South African clients: nuclear technology, IT, education.
Key terms to reflect in the contract with South Africa
South Africa has not ratified the CISG, but the contract from the builder is governed by Russian law, and Russia is a party to the Convention, so it applies to the sale of goods as part of Russian law (Art. 1(1)(b)).
CISG · Russian lawDeals involving precious metals and stones require a Kimberley Process certificate and appropriate licenses.
Platinum · gold · Kimberley ProcessThe parties choose the currency: the form offers both USD and ZAR, and the contract uses one currency for the price and payment. South Africa has exchange controls: cross-border payments go through Authorised Dealer banks. SWIFT settlements go through Standard Bank, Absa, or FNB.
USD/ZAR · settlementsThe deadlines for receiving proceeds are set in the contract — the bank takes them into account when registering it; the mandatory amount of foreign currency proceeds to be credited is set by Presidential Decrees No. 79 and No. 430. For contracts from 3 million RUB (import) or 10 million RUB (export), the bank assigns a unique contract registration number (UNK).
173-FZ · contract registrationAnswers on drawing up a contract with a company from South Africa
Fill in the form, pay online — and download right away. The file is accepted by banks and customs.
South Africa is rich in natural resources: platinum, gold, diamonds, chromite, and manganese.
Registration Number from the CIPC (cipc.co.za). The contract should specify the company name, registration number, and address.
South Africa has not ratified the CISG. The contract from the builder is governed by Russian law with disputes referred to the ICAC at the Russian Chamber of Commerce and Industry; Russia is a party to the Convention, so it applies to the sale of goods as part of Russian law.
Durban is one of the seaports of South Africa.