http://www.kari.re.kr
169-84 Gwahak-ro, Yuseong-gu, Daejeon, 34133, Republic of Korea
Telephone: +82-42-860-2616 Fax : +82-42-879-4370
PURCHASE ORDER
1. Subject: Additive Manufacturing of Copper Al oy Test Article Using Single-mode Continuous
Green Laser Powder Bed Fusion (PBF) Equipment
2. Purchase Order Number: No. KARI-26-TBD
3. Buyer (hereinafter “KARI”)
4.
Seller (hereinafter “Contractor”)
5.
Effective Date of Contract (EDC)
1) This Purchase Order (PO) shal become Effective Date of Contract (EDC) when
2) The PO is signed by the Contractor and the Buyer (KARI) and,
3) Necessary government approval document and/or export license is issued by authority
(If applicable).
6. Contract Period (Delivery Schedule)
- Ninety (90) days after EDC
7. Order Information
1) Commodity
Line
Item
Qty
Unit Price
(USD)
Total Price
(USD)
1
CuCrZr research component
1
TBD
TBD
2
Tensile test bar (As combustor height)
4
TBD
TBD
3
Leak test & Strength test
-
TBD
TBD
4
Heat treatment
-
TBD
TBD
5
XCT test
-
TBD
TBD
6
Tensile test
-
TBD
TBD
Total Price
TBD
2) Export License (if applicable)
- Contractor shal submit the list of governmental approval(s) in accordance with the fol owing
table within 30 days after both parties sig
n the contract.
License or
Approval
Department
(License Issuer)
(Planned)
Submittal Date
(Expected)
Approval Date
Current Status
(Approved/In progress)
Name
Korea Aerospace Research Institute (KARI)
Name
TBD
Address
TBD
Contact
TBD
Tel.
TBD
TBD
http://www.kari.re.kr
169-84 Gwahak-ro, Yuseong-gu, Daejeon, 34133, Republic of Korea
Telephone: +82-42-860-2616 Fax : +82-42-879-4370
* KARI shal provide Contractor relevant documents for Contractor to acquire the license or
approval in a timely manner.
8. Terms of Payment
1) Payment Terms: T/T remittance (wire transfer) within thirty (30) days after the completion of
the milestone and/or the submission of the required documents.
No.
Milestone
Value (%)
Amount (USD)
Required Documents
1
TBD
TBD
TBD
Export License
(if applicable)
Commercial Invoice,
Shipping Documents,
Certificate of Origin
Total
100%
TBD
2)
The bank account information
Account Name
TBD
Bank Name
TBD
Bank Address
TBD
BIC / Swift Code.
TBD
Account No. (IBAN)
TBD
- Al banking charges incurred in Korea shal be borne by KARI, and those charges incurred
outside of Korea shall be borne by Contractor.
9. Performance Bond
- Contractor shall establish a performance bond within three (3) weeks after EDC in favour of
KARI in the value of ten percent (10 %) of the Contract Price, which shall be issued by the
first-class international bank in the form of an irrevocable and unconditional standby letter of
credit available by KARI’s draft at sight. The letter of credit shall be drawn in favour of KARI
and advised through the Woori Bank (Daejeon Branch at 29, Munye-ro, Seo-gu, Daejeon,
35241 Korea, Tel: +82-42-488-9704, Ext. 312 / Fax: +82-505-003-2964 Email:
jinny@wooribank.com) and shal remain valid until the end of warranty period. The letter of
credit shal not be amended, modified or cancelled without KARI's prior written consent.
10. Delivery (Shipment)
1) Incoterms (2020): EXW Contractor’s site (INCOTERMS 2020)
2) Forwarder: TBD
3) Shipping Address:
Mr. Shang-Hwi Pang
Overseas Contracts Team
Korea Aerospace Research Institute
169-84 Gwahak-ro, Yuseong-gu,
Daejeon, 34133, Korea
4) Two (2) weeks before shipment, Contractor shall provide the fol owing documents to KARI.
a) Invoice,
b) Packing List,
c) Airway Bill (Bil of Lading),
d) Certificate of Conformance (CoC) and/or Certificate of Compliance (CoC),
e) Certificate of Origin, and
http://www.kari.re.kr
169-84 Gwahak-ro, Yuseong-gu, Daejeon, 34133, Republic of Korea
Telephone: +82-42-860-2616 Fax : +82-42-879-4370
f) Export License. If any.
11. Liquidated damages
- Liquidated damages to be applied for late delivery at the rate of zero point zero seven five
percent (0.075%) of Total Price per day, up to thirty percent (30%) of Total Price in maximum.
12. Warranty
- Warranty period: Until one (1) year after final inspection of Items at KARI site
13. Priority
- In the event of any conflict between the provisions of this Purchase Order and Contractor’s
Terms and Conditions, the provisions of this PO shal take precedence.
14. Notice (KARI Point of Contact)
Contractual Matters
Technical Matters
Name: Mr. Sang-Hwi Pang
Name: Mr. Dongwoo Choi
Tel.: +82-42-860-2616
Tel.: +82-42-870-3974
Email: karirang@kari.re.kr
Email: dchoi @kari.re.kr
Attachment. Quotation (# TBD) dated TBD
KARI
P.O acknowledged by:
Jung-Jin Lee
Head of Overseas Contracts Team
Name:
Date:
