Based on practical risk assessment, we strongly recommend setting aside 3% to 5% of the car price as a buffer fund for even the highest-rated used cars, to cover oil changes, new tires, minor shipping scratches, and local inspection labor costs.

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.

If General Average is triggered, all cargo owners must share the rescue costs. If you purchased marine insurance with a "General Average included" clause under CIF terms through us, the insurance company will cover this high shared cost for you; if you are an uninsured FOB buyer, you will need to pay it yourself.