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.

Under international practices and our standard CIF/FOB terms, the THC at the port of origin (China) is borne by the seller; all THC and port miscellaneous charges incurred at the destination port during unloading are to be paid by the buyer (consignee) upon local customs clearance and pickup.