Absolutely not. Exporting used cars requires clear proof of foreign currency receipts in USD/EUR (water bill) to be provided to the Chinese foreign exchange administration, customs, and tax authorities for document verification. Cryptocurrencies are considered illegal settlement channels.

Under CIF terms, the beneficiary of the insurance policy will be endorsed to the buyer. Once the claim is successful, the insurance company's foreign currency compensation will be directly deposited into the buyer's designated overseas company or personal account.

Under international practices and our standard CIF/FOB terms, the THC at the port of origin (China) is borne by the seller; all THC and port miscellaneous charges incurred at the destination port during unloading are to be paid by the buyer (consignee) upon local customs clearance and pickup.