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.

As the importer, you mainly need to bear the following costs at the destination port: import duties, VAT or GST, terminal handling charges, local customs clearance fees, and inland logistics costs from the port to your company. Please consult your local customs broker before placing an order to accurately calculate the total landing costs.

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).