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.

Unless the previous owner retained the original parts and provided them to us, we usually keep the existing modifications and clearly state in the report "includes non-original modifications." Since the standards for illegal modifications vary by country, buyers should assess whether these modifications can legally pass inspection in their destination country.

The customs of the destination country has the right to disregard the commercial invoice and reassess the value based on its internal database (such as the customs valuation red book). Any additional duties incurred are a result of the importing country's policy and are fully borne by the buyer (importer).