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.

It must be stated objectively: used cars in China are produced according to national standards (GB) and have not been originally certified by Saudi SASO or GSO of Gulf countries. Buyers must find a local agent with customs clearance capabilities to complete the clearance through exemption documents or compliant modifications after arrival (such as wrapping or adding specific alarms).

Absolutely not. Exporting used cars requires clear proof of foreign currency receipts in USD/EUR (water bill) to be provided to the Chinese foreign exchange administration, customs, and tax authorities for document verification. Cryptocurrencies are considered illegal settlement channels.