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Singapore car export 2nd hand second hand

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Payment Terms

What is the payment method?

Upon confirming your vehicles, Nordad will fax you an invoice that will describe the car and price agreed. The invoice will also contain our Bank Account. Payments are due from the day a vehicle has been confirmed and are remitted via Telegraphic Transfer direct to our account. Your local Bankers will assist you in the process. Nordad usually quote cars CIF. CIF stands for Cost Insurance and Freight. It means Nordad will bear the associated local charges like stuffing, trucking, towing, storage along with the shipping costs incurred. This essentially gives you a landed costs - making it easier to calculate taxes etc that are associated with imports.

What are Inspection charges?

Inspection charges are charges incurred by a 3rd party to evaluate the vehicle. Because some countries are making this compulsory while others don't, Nordad does not include inspection charges on the prices of its vehicles. This means that you will have to add this onto the cost of bringing the car in if your country declares this as compulsory. The charges for an independent inspection in Singapore are around $70-170 SGD pending on the detail required.

Do you accept payment through Credit Card or Letter of Credit?

No. We do not accept this method of payment.