Seller's normal shipment terms are FOB Seller's facility, but unless otherwise agreed, Seller will arrange for transportation and insurance for the buyer and include the costs as additional items on the invoice. As of January 2008, insurance is typically about one-half percent (0.5%), but Seller will charge the actual rate; freight charges will be as established by the carrier for the delivery appropriate to the Buyer's order. Notwithstanding Seller's arranging for transportation and insurance, risk of loss of or damage to the goods transfers to Buyer when the carrier receives the goods from Seller. Choice of carrier and shipping method and route shall be at the election of Seller unless specifically designated by the Buyer. Despite specific selection of preferred carrier(s) by Buyer, Seller may elect to choose a different carrier for reasons of reliability or access to specific geographic zones or for any other reasonable business grounds. Seller shall not be liable for delays in delivery or for failure to perform due to causes beyond the reasonable control of the Seller, which causes shall include without limitation, acts of God, acts or omissions of Buyer or civil or military authorities, fire, strikes, epidemics, quarantine restriction, floods, earthquakes, riot, war, delays in transportation or inability to obtain necessary labor materials or supplies ("DELAY"). In the event of any such DELAY, the contractual date of delivery, if any, shall be extended for a period equal to the time lost as a consequence of such delay without penalty to the Seller. Seller shall be entitled to refuse or delay shipments for failure by Buyer to pay promptly any payments due Seller, whether on this or any other contract between Seller and Buyer. Seller shall have the right to deliver all goods covered hereby at one time or in portions from time to time within the time for delivery provided in such order, subject to the terms of this paragraph.
Delivery of goods purchased in three ways:
1) Door-to-door delivery by EMS, UPS, FedEx by air parcels depends on the geographical distance of the recipient's country and ranges from 3 to 14 business days. The difference in delivery times is due to the peculiarities of customs procedures and internal logistics of each country. Customs fees are included in the shipping cost except VAT if your country has an FTA (Free Trade Agreement) agreement with the Republic of Korea. Weight limits - 20-30kg EMS standard and UPS FedEx - 70kg maximum.
2) Delivery of LCL (groupage cargo) by sea from the port of Korea to the local terminal. The service depends on the geographical distance of the recipient's country and ranges from 20 to 45 days. The difference in delivery times is due to the specifics of the type of cargo and maritime logistics to each country. Customs duties subject to the FTA agreement (free trade agreement) are not included in the price of the goods and will only amount to payment of VAT upon customs clearance. There are no weight restrictions.
3) Container LCL shipping by sea from the port of Korea to the local terminal. Service depends on the geographical remoteness of the country of the consignee and composes 30 to 45 days. The difference in delivery time is due to the specifics of the type of cargo and maritime logistics to each country. Customs duties are not included in the delivery. Restrictions on weight, only 20 or 40-foot containers.
