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Terms

How pricing and payment work

The Incoterms, payment methods and contract terms FOBEV uses, set out openly instead of hidden behind a quote button.

FOB price covers

  • New car with documented VIN and engine or motor number
  • PDI, exterior film and interior protection
  • CCPIT certificate of origin
  • Invoice, packing list, technical file
  • Photo and video pre-shipment inspection in Shanghai
  • Port loading and China export clearance

Not in the FOB price

  • Sea freight and marine insurance
  • Destination port fees, customs, duty and tax
  • Homologation and registration
  • Inland transport at destination
  • Local warranty service

Incoterms

FOB Shanghai

Default. You collect at Shanghai port and see every cost line; best if you already have a forwarder.

CIF

We book freight and insurance to your port. Easier for first-time buyers.

DDP

Selected routes only, delivered with duties paid; roughly 5–10% above doing CIF plus customs yourself.

Payment

T/T30% deposit at signing, 70% on bill of lading copy, company USD account only
L/C at sightOrders from USD 200,000, first-class bank, usually 21 days from B/L to presentation
RefusedWestern Union, crypto, cash on delivery, mismatched payer names, split payments

Contract and validity

English sales contract, normally under Chinese law with CIETAC arbitration; other venues can be discussed on large orders. A template is available, or send your own for redlining.

Quotes hold for 14 days. Volume discounts start at 10 units per model and grow at 50+, where prices can also be locked by hedging.