, 2021
Mr. or Mrs TBD
Position: TBD
Company Name: TBD
Address: TBD
Tel : +TBD
Fax : +TBD
e-mail: TBD
Subject: Purchase Order
( No. KARI-21-
TBD)
Dear Sir or Madam,
Korea Aerospace Research Institute (KARI, Buyer) hereby places an order with TBD (Contractor) for
fol owing items and Services based on the terms and conditions below. Please provide your
acknowledgement after receipt of signed Purchase Order by e-mail and proceed the work at your
earliest convenience.
A. Order Information: refer to the TBD
Item
Description
Quantity
Unit Price
(TBD)
Total Price
(TBD)
1
Strain/Voltage Monitoring Equipment
1set
TBD
TBD
Total (firm and fixed; VAT not included)
TBD
- This Order shal be effective on signature by both Parties.
B. Terms of Payment
- The payment of Total Price as a lump sum shal be made by wire transfer to a bank account as
designated by Contractor in its invoice within thirty (30) days after the receipt of Invoice and final
acceptance of products by KARI.
- Al banking charges incurred in Korea shal be borne by KARI, and those charges incurred
outside of Korea shal be borne by Contractor.
- Account Information
Bank Name
Swift Code
Account No.
Address
- KARI shal remit payment to designated account by Contractor written in the table. Change of
bank account information shal require official letter signed by both parties and confirmation by
telephone cal , nor require amend of purchase order.
C. Delivery
- Incoterms 2020: FOB
- Delivery schedule: 90 days from the Effective Date of Contract.
- Shipping address
Dr. Joon Tae YOO
Korea Aerospace Research Institute, 169-84 Gwahak-ro, Yuseong, Daejeon 34133, Korea
D. Performance Bond or Memorandum of Payment
- 10% of Contract Price.
E. Taxes
- The Total Price payable by KARI to TBD hereunder shal be exclusive of Value-Added Tax
(V.A.T)
F. Liquidated damages
- Liquidated damages to be applied for late delivery at the rate of zero point zero seven five (0.075)
percent of total price per day, up to thirty (30) percent of total price.
G. Warranty (Hardware)
- Warranty period: One (1) year after the acceptance of Item
H. Notice (KARI Point of Contact)
Contractual Matters
Technical Matters
Name : Mr. Yo-Han OH
Name : Mr. Joon Tae YOO
Tel. : +82-42-860-2613
Tel. : +82-42-860-2928
e-mail : hotaroo@kari.re.kr
e-mail : jtyoo@kari.re.kr
Thank you in advance for your cooperation.
Sincerely yours,
KARI
P.O acknowledged by :
Yo-Han OH
Procurement Team
Name :
Date :
cc : Mr. Yong Je CHO