Trading

When doing business, LG design | Defense Company adheres to some important values. Given the nature of trading in defense industry materials, we are determined to share those values to our potential business partners at the very beginning of the business relationship. We do our best to ensure that the values we advocate are secured through setting very high standards when selecting our business partners.

If a cooperation is initiated, we expect

• deliveries of products or services of the best possible quality,
• strict adherence to the agreed commercial terms,
• compliance with deadlines,
• safety & security,
• transparency,
• demonstrable origin of the goods offered,
• adherence to international treaties, agreements and legal regulations relevant to the trade in defense industry materials.

Cooperation with Suppliers

From the very beginning, we treat our suppliers as partners and we expect them to share the values that are paramount to our Company. Thus, prospective suppliers or business partners seeking cooperation with our Company are always asked to follow the procedure as proposed below. Getting know each other and exchange of information are always critical in trading in defense industry materials.

Step 1: Receiving scans of the supplier's corporate documents (pdf)

• Memorandum of Association/Foundation Deed or extract from the relevant commercial or trade register (not less recent than three months)
• Licence for trading in defense industry materials, if the company trades in those materials
• Power of Attorney if the supplier/company is represented by other than the person authorized to act on the company's/supplier's behalf
• Document(s) evidencing registration for tax purposes
• Quality Certificate (such as ISO, AQAP) if the company/supplier has been certificated against such certificates

Step 2 Due Diligence (carried out by LG design | Defense Company's authorized staff)

• Due Diligence will be comprised of (i) evaluation of the furnished documents, (ii) assessment of the commercial, political and social risks that may be apparent in the supplier's country, and (iii) evaluation of the supplier's reputation.