Basic condition meets standard; 0 insurance claims; 1 transfer of ownership.
The underlying data of the China Public Security Traffic Management Network (12123 platform) has strict records for stolen vehicles. Any vehicle that is currently stolen or has had a complex criminal case that is not fully resolved cannot complete the transfer for export.
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.
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.
