February ____ 2023
Mr. or Mrs. TBD
Position: TBD
Company Name: TBD
Address: TBD
Tel : +TBD
Fax : +TBD
e-mail: TBD
Subject: Purchase Order
for Procurement of AMtrinsic® C-103 for DED application (
No. KARI-23-TBD
)
Dear TBD,
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:
- As per the Quotation TBD
No.
Model #
Qty(ies)
Unit Price
(EUR)
Total Price
(EUR)
1
AMtrinsic® C-103 for DED
application
(C103 Niobium al oy Spherical
Powder)
20 Kg
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 as per the following payment milestone.
Item
Milestone
Payment Due Date
%
Total Price (EUR)
1
EDC
Within thirty (30) days
after EDC
50%
TBD
2
Delivery of Items
(30 Jun, 2023)
Delivery + 1month
50%
TBD
Total (firm and fixed; VAT not included)
TBD
- The payment of Total Price shal be made by wire transfer to the fol owing bank account as
designated by Contractor.
-
The bank account information;
Account Name
Bank Name/Address
Swift Code.
Account No.
Routing No.
- Al banking charges incurred in Korea shal be borne by KARI, and those charges incurred
outside of Korea shal be borne by Contractor.
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C. Performance Bond
- Contractor shall establish a performance bond within three (3) weeks after EDC in favor 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 favor 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 canceled without KARI's prior
written consent.
[note] Surety bond, Cash and Bank Guarantee can be acceptable to KARI as Performance Bond.
D. Warranty
-
The warranty period shall be one (1) year from the arrival of Items at KARI site.
E. Delivery
- Incoterms 2020: CIP Incheon Airport
- Delivery Schedule: Until the end of June, 2023
[note] Depending on the export license matter, delivery schedule can be adjusted.
- Forwarder Information:
a) For Contractor
Attn.:
Tel.:
E-mail:
b) For KARI
Attn.: Ms. Sookie KIM
Taehan Global Logistics Co., Ltd.
B-1104, Gangseo Hangang Xi Tower, #401, Yangcheon-ro, Gangseo-gu, Seoul, Kroea
Tel.: +82-2-3144-0008 / E-mail: tgls@tgls.co.kr
- Shipping Address:
Ms. Boram Jeong
Overseas Contracts Office of Korea Aerospace Research Institute
169-84 Gwahak-ro, Yuseong,
Daejeon 34133, Korea
- On the shipment, Contractor shal provide the following documents to KARI.
a) Invoice,
b) Packing List,
c) Bil of Lading,
d) Certificate of Conformance (CoC) and/or Certificate of Compliance (CoC),
e) Certificate of Origin, and
f) Export License,
F. 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
G. Notice (KARI Point of Contact)
Contractual Matters
Technical Matters
Name : Ms. Boram Jeong
Name : Mr. Jun-Seong Lee
Tel. : +82-42-860-2649
Tel. : +82-42-860-2563
e-mail : boram@kari.re.kr
e-mail : jsl@kari.re.kr
Thank you in advance for your cooperation.
Sincerely yours,
2/2
cc : Mr. Won-Suk LEE
Attachment : Memorandum of Payment
3/2
KARI
P.O acknowledged by :
Ms. Boram Jeong
Overseas Contracts Office
Name :
Date :
