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.

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.

Chinese passenger cars produced after 2005 have fully transitioned to asbestos-free brake pads, clutch plates, and gaskets. However, for export to countries with strict regulations, buyers must pay for sampling and testing by a NATA-accredited laboratory before shipment, and obtain an asbestos-free certificate.