, 2023
Mr or Ms TBD
Position: TBD
Company Name: TBD
Address: TBD
Tel : +TBD
Fax : +TBD
e-mail: TBD
Subject: Purchase Order
( No. KARI-23-
TBD
)
Dear Sir or Madam,
Korea Aerospace Research Institute (KARI) hereby places an order with TBD (Contractor) for
following item 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
Product
Description
QTY
Unit Price
(TBD)
Total Price
(TBD)
1
Converter S-UP
S-band Frequency Up Converter
1
TBD
TBD
2
Converter S-DN
S-band Frequency Down
Converter
2
TBD
TBD
Total (firm and fixed; VAT not included)
TBD
- This Purchase Order shal be effective on signature by both Parties (EDC).
B. Terms of Payment
- The payment of Total Price shal be made by wire transfer to a bank account as designated by
Contractor
as bellows;
Beneficiary
Contractor
Bank Name
Swift Code
Account No.
Address
- Change of bank account information as above shall require official letter signed by both Parties
and confirmation by telephone cal , nor require amend of Purchase Order.
- The payments shal be made within thirty (30) days after KARI’s receipt of invoice in accordance
with the payment milestone as below.
Item
Milestone
%
Total Price
(TBD)
1
EDC
50
TBD
2
Final Acceptance of the products at KARI site
50
TBD
Total (firm and fixed; VAT not included)
TBD
- Al banking charges incurred in Korea shal be borne by KARI, and those charges incurred
outside of Korea shal be borne by Contractor.
C. Delivery
- Incoterms® 2020: CIP Incheon Airport (Incoterms® 2020)
- Delivery schedule: Until 30 September, 2023
- Shipping address
Ms, Boram Jeong
Korea Aerospace Research Institute,
169-84 Gwahak-ro, Yuseong-gu,
Daejeon 34133, Korea
- Partial shipment shal not be al owed.
D. 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 shal 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 shal 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) and shall remain valid until the end of warranty
period. The letter of credit shall not be amended, modified or cancelled without KARI's prior
written consent.
E. Taxes
- In the event taxes are charged in Korea, KARI shal be ful y responsible for payment of such
taxes. Contractor shall be ful y responsible for the payment of all applicable taxes imposed
outside Korea including any customs duties and charges.
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 in maximum.
G. Warranty (Hardware)
- Warranty period: one (1) year from Final Acceptance by KARI in KARI site
H. Notice (KARI Point of Contact)
Contractual Matters
Technical Matters
Name : Ms. Boram Jeong
Name : Mr. Boyoung LEE
Tel. : +82-42-860-2649
Tel. : +82-42-870-3965
e-mail : boram@kari.re.kr
e-mail : boyounglee@kari.re.kr
Thank you in advance for your cooperation.
Sincerely yours,
cc : Mr. Won-Suk LEE
Attachment A. Item Requirements
KARI
P.O acknowledged by :
Boram Jeong
Overseas Contracts Office
Name :
Date :
