, 2025
Mr or Ms TBD
Position: TBD
Company Name: TBD
Address: TBD
Tel : +TBD
Fax : +TBD
e-mail: TBD
Subject: Purchase Order
( No. KARI-25-
TBD
)
for the procurement of the
NASA GRCop-42 powder
for PBF
Dear Sir or Madam,
Korea Aerospace Research Institute (KARI) hereby places an order with TBD (Contractor) for
following items 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
Qty(kg)
Unit Price
(TBD)
Total Price
(TBD)
1
NASA GRCop-42 powder for PBF
200
TBD
TBD
Total (firm and fixed; VAT not included)
TBD
- This Purchase Order shal be effective on signature by both Parties (EDC).
- The quality inspection certificate (chemical composition and powder size distribution) for
the above Items shall be delivered along with them.
B. Terms of Payment
- The payment of Total Price shal be made by wire transfer in accordance with the following
payment milestone.
Item
Milestone
Payment
Due date
%
Total Price
(TBD)
1
EDC
EDC+30days
30
TBD
2
Delivery and Final Acceptance (FA)
of the Products at KARI site
FA+30days
70
TBD
Total (firm and fixed; VAT not included)
TBD
- KARI shall remit the payment to the account designated by Contractor in the fol owing table.
Change of bank account information shal require an official letter signed by both parties or
require an amendment of this Purchase Order, if necessary.
Beneficiary
TBD
Bank Name / Address
TBD
Swift Code
TBD
Account No.
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
- Delivery Rule (Incoterms 2020): FCA Contractor’s site
- Delivery schedule: Four (4) weeks after EDC
- Forwarder Information
TBD
- Shipping address
Ms, Boram Jeong
Korea Aerospace Research Institute,
169-84 Gwahak-ro, Yuseong-gu,
Daejeon 34133, Korea
- Contractor shall inform KARI of preliminary delivery schedule and shipping information five (5)
days prior to the shipment.
- 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 Email: JINNY@wooribank.com) and shal 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.
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
- 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. Dong Woo Choi
Tel. : +82-42-860-2649
Tel. : +82-42-870-3974
e-mail : boram@kari.re.kr
e-mail : dchoi@kari.re.kr
Thank you in advance for your cooperation.
Sincerely yours,
cc : Mr. Won-Suk LEE
Attachment: Item Requirements
KARI
P.O acknowledged by :
Boram Jeong
Overseas Contracts Office
Name :
Date :