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.

The purchase price is only part of your total landed cost. Plan for these items: - Inland transport in China: moving the car from the seller's city to the export port, plus transfer and inspection fees. - Export fees: customs declaration, port handling, and terminal charges. Ask for an FOB (Free On Board) quote so these are included. - Ocean freight: RoRo (roll-on/roll-off) is cheapest for regular cars, but EVs often require special containers or dedicated EV shipping due to battery regulations, which costs more. - Insurance: marine cargo insurance, typically 1-3% of the car's value. - Import side: import duty, VAT or sales tax, customs brokerage, port charges at destination, and any homologation or compliance testing fees. As a rule of thumb, add 25-40% on top of the FOB price for a realistic landed-cost estimate, depending on your country's tax rates. Get a written breakdown from both your supplier and a customs broker before committing.

A Chinese history report (查博士, 精真估, or 4S-shop records) usually contains several sections. Here's how to read them. Accident records: entries tagged 重大事故 (major accident) or listings at an insurance payout above 30% of the car's value are serious red flags. Airbag deployment is a deal-breaker for most buyers. Mileage timeline: check that mileage increases logically between service visits. A sudden drop between two dates means odometer tampering—walk away. Ownership count: more than 3 owners in 5 years suggests a problem car. Also check the 使用性质 field: a car registered as 营运 (commercial/taxi use) has a much shorter legal lifespan. Maintenance entries: consistent 4S dealership records are a good sign; long gaps aren't necessarily fatal if the owner used independent shops, but ask for receipts. Cross-check the report against the VIN plate, registration certificate, and physical inspection. If the report shows no accidents but paint thickness readings say otherwise, trust the metal, not the paper.