Clauses

1. Pricing Basis & Incoterms

   Unless otherwise agreed in writing, prices are quoted on FCA (Seller's facility), Incheon, Republic of Korea, Incoterms® 2020, with settlement by Telegraphic Transfer (T/T) or USDT (ERC-20) in USD. Bank charges outside the Seller's bank are for the Buyer (charge code: SHA).

   As an alternative, the Parties may agree on:

   • EXW - Seller's facility, Republic of Korea, Incoterms® 2020, or
   • FOB - Busan or Incheon Port, Republic of Korea, Incoterms® 2020,

   in which case the prices and responsibilities will be adjusted solely to reflect the documented difference in related costs.

2. Price Adjustment

   If the agreed Incoterms® trade term (FCA / EXW / FOB) or remittance method is changed, the prices may be adjusted by mutual agreement, and such adjustment shall be limited to the documented cost difference arising from such change.

3. Payment Terms (T/T · USDT 30/40/30)

   Payment shall be made by Telegraphic Transfer (T/T) or USDT (ERC-20) in USD, with bank charges outside the Seller's bank borne by the Buyer (SHA). The standard schedule is as follows:

   • 30% deposit upon RFQ placement.

     The Seller will commence procurement activities only after the deposit has been received and confirmed in the Seller's bank account.

   • 40% prior to warehouse dispatch and before any release for carrier pickup, once the goods are palletized and ready for collection at the named FCA place, against documentary evidence (e.g., pallet photos, SKU-wise packed quantities, net/gross weights & dimensions, packing list, warehouse release note/pre-advice).

     The second payment shall be considered effected only when credited and confirmed in the Seller's bank account.

   • 30% prior to the physical release of the goods to the Buyer's designated carrier at the named FCA place.

     The final 30% is due once the pickup booking has been arranged and documentary evidence of readiness has been provided (e.g., final packing list, warehouse release note). No goods will be handed over or released to the carrier until this final 30% payment has been received and confirmed in the Seller's bank account.

   After successful release to the carrier, the Seller will provide documentary evidence such as Carrier's Pickup Confirmation / Dock Receipt / EIR, showing the booking/container/truck number and date/time.

   For the avoidance of doubt, bank credit confirmation in the Seller's account is the decisive condition for release. A SWIFT MT103 copy may be requested as supplementary reference only, but actual receipt and confirmation of funds by the Seller's bank shall prevail over any payment instruction message.

   Under FCA Incoterms® 2020, the Seller will perform export customs clearance and provide the necessary export documents, as mutually agreed. In addition, the Seller will coordinate with, and where reasonable and agreed in advance, assist/subsidize the Buyer's designated carrier's origin container handling (e.g., stuffing, VGM, terminal handling) to a reasonable extent, settled against third-party invoices.

4. Lead Time

   The estimated lead time is 30 business days (approximately 1.5 months, based on Korean business days) from the date on which the initial deposit (30%) is received and confirmed in the Seller's bank account. Lead times are indicative and may be affected by domestic allocation schedules and dealership supply conditions.

5. Availability & Allocation

   Due to domestic sourcing constraints, a single authorized dealership may not supply very large quantities of a single item within a short period. Within the stated lead time, the Seller aims to secure approximately two-thirds (2/3) of the requested quantity, subject to domestic market conditions and dealership allocations. Partial shipments are allowed, and any shortfalls will be back-ordered to the earliest subsequent lot by mutual arrangement.

6. Sourcing Preference

   For smoother procurement and more reliable allocations, multi-SKU small-lot RFQs are generally easier to secure than large single-SKU volumes. The Buyer is encouraged to provide a priority SKU list (e.g., "A-priority / B-priority") so that the Seller can optimize sourcing and allocation efforts.

7. Alternative Trade Terms (EXW / FOB) & Price Flexibility

   If price adjustments are needed due to changes in trade terms, scope, or shipment structure, the Parties shall discuss such adjustments in good faith.

   Additional discounts may be available under EXW (Seller's facility) terms, subject to feasibility and compliance with applicable laws and regulations.

   Under EXW, the Buyer is responsible for loading, export clearance, and all origin charges.

   Where FOB (Busan or Incheon Port) is agreed, responsibilities and costs will be allocated in line with Incoterms® 2020, with any price difference limited to the underlying documented cost impact.

8. Weekly Allocation Reporting & Media Sharing (upon Buyer's request)

   Upon the Buyer's request, the Seller will provide a weekly allocation report summarizing quantities secured/allocated for each requested item during the prior week, with status and ETA updates. The Seller may also share product photos and short video clips of representative items/labels/cartons/pallets as available (via email or shared-drive link). Media may be watermarked, and dealership-identifying details may be redacted for confidentiality and anti-diversion controls.

9. Authenticity & Sourcing Declaration

   All goods are procured exclusively through official Hyundai/Kia MOBIS authorized dealerships in the Republic of Korea and are 100% genuine OEM parts. Manufacturer packaging and labels are kept intact unless otherwise agreed in writing. Upon reasonable request, the Seller may furnish proof of purchase (e.g., references to dealer invoices/receipts with sensitive information redacted), subject to confidentiality obligations.

   "HYUNDAI", "KIA", and "MOBIS" are trademarks of their respective owners and are used here for identification purposes only.