October TBD, 2013
Name of Contractor
Company Name
Company Address
Tel :
Fax :
Email :
Subject : Purchase Order No. KARI-13-0137
Mr(s). Name of Contractor
,
Korea Aerospace Research Institute (KARI, Buyer) hereby places an order with Company Name
(Contractor) for fol owing items based on the terms and conditions below. Please provide your
acknowledgement by fax or email and proceed the work at your earliest convenience.
A. Order Item(s) and Quantity : as per the quotation No. TBD dated July TBD, 2013
- Total Price : TBD
B. Terms of Payment
The payment shal be made after final acceptance at Buyer’s site by wire transfer to the bank
account as designated by the Contractor in its invoice within 30 days after receipt of the invoice.
Al banking charges incurred in Korea shal be borne by Buyer, and those charges incurred outside
of Korea shal be borne by Contractor.
C. Delivery term
- Incoterms: FCA TBD airport
- Delivery schedule: within 16 weeks from the effective date of Contract
- Forwarder: TBD
D. Performance bond
- A performance bond amounting to 10% (ten percent) of the total price should be issued by
Contractor in favour of Buyer within twenty one (21) days from the effective date of Contract. The
performance bond shal be valid during the Contract period.
E. Documents
The following documents will be provided to Buyer:
- Certificate of Conformity (CoC)
- Acceptance Test Report (ATR)
- Certificate of Origin (C/O)
F. Warranty
More than 36 months from the date of final acceptance at Buyer’s site
G. Liquidated damages
Liquidated damages to be applied for late delivery at the rate of zero point fifteen (0.15) percent of
total price per day, up to ten (10) percent of total price.
H. Buyer Contact point
Contractual Matters
Technical Matters
Name : In-Kyu Jeon
Name : Hyung-Mo Yang
Tel : +82-42-860-2766
Tel : +82-42-860-2822
Email : ikjeon@kari.re.kr
Email : yhm@kari.re.kr
Thank you in advance for your cooperation.
Sincerely yours,
In-Kyu Jeon
Procurement Team
KARI
cc : Mr. Cheol-Jong Lee
