Payment Condition
  (A) By an irrevocable letter of credit at sight. And/or
(B) Telegraphic Transfer(T/T) in advance before shipment.
※ All charges out of Korea related to above payment are on buyer's account, unless otherwise stipulated.
   
Shipment
  - Partial shipment and/or trans-shipment shall be permitted, unless otherwise specified.
- Seller shall not be responsible for non-shipment or late shipment in whole or in part due to a cause or causes such as prohibition of export, suspension of issuance of export license or other governmental restrictions, Act of God, war, blockade, revolution, insurrection, mobilization, strikes, lockout, civil commotions, riots, epidemics, destruction of the goods by fire, typhoon or flood, or due to any other cause or causes beyond seller's control.
   
Insurance and Freight
  - In case of CIF basis, 110% of the invoice amount shall be insured, unless otherwise agreed.
   
Inspection
  - Mill's inspection shall be as final, unless otherwise stipulated.
   
Packing, etc.
  Packing, marking, make-up, stamping and ticketing shall be at seller's option, unless otherwise requested by buyer. Seller accepts no responsibility for consequences caused by the late arrival of buyer's instructions.
- Normal packing method is individual neutral packing, unless otherwise requested by buyer.
- If the buyer request their own packing, and/or labelling, marking and/or others specially, please be so kind enough to contact us and get confirmation in advance.
   
Arbitration
  - All disputes, controversies, or differences which may arise between seller and buyer, out of, or in relation to, or in connection with this contract, or for the breach thereof, shall be finally settled by arbitration in Seoul, Korea in accordance with the Commercial Arbitration Rules of the Korean Commercial Arbitration Board and under the Laws of Korea. The award rendered by the arbitrator(s) shall be final and binding upon both parties concerned.
   
Remarks
  - Other terms and conditions not stipulated herein will be discussed later on by both parties.
   
 
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