3. Price and Payment
3.1 The total price of this Purchase Order is shown on the Purchase Order Cover sheet. The price of each Product shall be as set forth in the Supplier quotation CR1604104 Revise VI (Appendix A).
3.2 Payment shall be divided into three (3) installments as follows:
3.2.1 Ten percent (10%) of Purchase price will be payable by TT within thirty (30) days after receipt of invoice and advance payment bond with the same amount (in the form set forth in Appendix B) and to be issued by the reputable commercial bank in Thailand.
3.2.1 Eighty percent (80%) of Purchase price will be payable by TT within fifty (50) days against the presentation of delivery document and receipt of invoice from the Supplier.
3.2.2 Ten percent (10%) of Purchase price will be payable by TT within fifty (50) days after “the ready for operation/ (expected at End of July 2017”) against receipt of invoice and warranty bond from the Supplier, however not more than twelve (12) months after the date of the Purchase Order.