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.

Unlike new car exports, there are currently no large national export tax rebates for used cars in China. Therefore, our FOB price is purely the vehicle's residual value plus compliant operating costs, leaving no room for price wars using subsidies.