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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.

FOB (Free On Board): Includes the purchase price of the vehicle, transfer fees for registration in China, export license fees, logistics costs for trucking to the port within China, and port handling and customs fees. CIF (Cost, Insurance, and Freight): In addition to FOB, it includes the shipping cost from China to your designated destination port (RoRo or container), as well as cargo insurance during international shipping.