http://www.kari.re.kr
169-84 Gwahak-ro, Yuseong-gu, Daejeon, 34133, Republic of Korea
Telephone: +82-42-860-2649 Fax : +82-42-879-4370
March ____ 2024
Mr. or Mrs. TBD
Position (TBD)
Company Name (TBD)
Address: TBD
Tel : +TBD
Fax : +TBD
e-mail: TBD
Subject: Purchase Order (No. KARI-24-TBD) for Procurement of
C103 Niobium Alloy
Spherical Powder
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.
Item
Qty(ies)
Unit Price
(USD)
Total Price
(USD)
1
C103 Niobium al oy Spherical Powder
20 lbs
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 as lump sum shall be made by wire transfer to the fol owing bank
account as designated by Contractor within seven (7) days after KARI’s receipt of shipping
documents (Invoice and packing list).
- 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 shall be borne by Contractor.
http://www.kari.re.kr
169-84 Gwahak-ro, Yuseong-gu, Daejeon, 34133, Republic of Korea
Telephone: +82-42-860-2649 Fax : +82-42-879-4370
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 shall 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 shall 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 shal 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: CPT Incheon Airport
- Delivery Schedule: Until the end of April, 2024
[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) Airway bil ,
d) Certificate of Conformance (CoC) and/or Certificate of Compliance (CoC),
e) Certificate of Origin, and
f) Export License,
http://www.kari.re.kr
169-84 Gwahak-ro, Yuseong-gu, Daejeon, 34133, Republic of Korea
Telephone: +82-42-860-2649 Fax : +82-42-879-4370
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. : +82-42-870-3869
e-mail : boram@kari.re.kr
e-mail : heobak @kari.re.kr
Thank you in advance for your cooperation.
Sincerely yours,
cc : Mr. Won-Suk LEE
KARI
P.O acknowledged by :
Ms. Boram Jeong
Overseas Contracts Office
Name :
Date :
