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.

Start with the business license: every legitimate Chinese company has a Unified Social Credit Code. Ask for a copy and verify it on the National Enterprise Credit Information system or via your freight forwarder. Check that the business scope includes 'used car export'—this requires specific qualifications. Next, look for proof of substance: a real office or yard (verify via live video call, not pre-recorded), staff answering on Chinese business platforms like WeChat with consistent branding, and a corporate bank account in the company's name—never pay a personal account. Cross-check trade history: ask for recent shipping documents (blurred bills of lading with customer info hidden), references from buyers in your region, and whether they hold export licenses issued by Chinese commerce authorities. Red flags: prices far below market, pressure to pay quickly, refusal of video calls, or bank accounts in third countries 'for convenience'. Take your time—real exporters pass these checks easily.

Countries like Kenya typically require the First Registration Date to be within a specific timeframe. We will provide a notarized copy of the Vehicle Registration Certificate, along with an English translation, as absolute legal evidence.