Shipment : Date
of bill of lading shall be accepted as a conclusive
date of shipment. Fourteen(14)days grace shall be
allowed. Partial shipment and/or transshipment shall
be permitted unless otherwise stated in the Proforma
in each case.
Packing : Packing shall be Seller¡¯s
option. In case special instructions are necessary,
Buyer should notify Seller thereof in time to
enable Seller to comply with the same.
Inspection : The inspection
of the Goods shall be done according to the export
regulation of the Republic of Korea and/or by
the manufacturer(s) which shall be considered
as final. Should any specific inspector be designated
by Buyer, all additional charges incurred thereby
shall be at Buyer¡¯s account and shall be added
to the invoice amount, for which the letter of
credit shall amended accordingly.
Warranty : The Goods shall confirm
to the specification set forth in each Commercial
invoice and free from defects in material and
workmanship for twelve(12) months from the date
of shipment.
The extent of Seller¡¯s liability under this warranty
shall be limited to the repair or replacement
as herein provided of any defective goods or parts
thereof. Provided, however, this warranty does
not extend to any of the Goods which have been
(a) subjected to misuse, neglect, accident or
abuse, (b) improperly preserved, transported,
modified in myway by any other party than Seller.
* In case of other applications needing
technical support from I & T, any party should
notice it with detailed
documents for the best solution.
Claims : Any claim by Buyer
of whatever nature arising under this Contract
shall be made by fax or e-mail within 6 months
after arrival of the Goods at the destination
specified in the bills of lading. Full particulars
of such claim shall be made in writing, and forwarded
by registered mail to seller within fifteen(15)
days after such fax or cabling. When the claim
expire fifteen(15) days confirmation by any Buyers,
it shall be considered as agreement of buyer and
acceptance of shipment.
Force Majeure : Neither party
shall be liable for its failure to perform its
obligations in case of act of God, war, blockade,
revolution, insurrection, mobilization.
Patents, Trade Marks, Designs, etc : Buyer is
to hold Seller harmless from liability for any
infringement with regard to patent, trade mark,
copyright, design, pattern, etc., originated or
chosen by Buyer.
Trade Terms : All trade terms
provided by I & T shall be interpreted in
accordance with the latest INCOTERMS2000 of International
Chamber of Commerce.
For further information, contact with I &
T anytime you need.
Tel : 82-31-761-6895
Fax : 82-31-761-6893
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