Glossary

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Bill of Lading

A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods.

Container

A truck trailer body that can be detached from the chassis for loading into a vessel, a rail car or stacked in a container depot. Containers may be ventilated, insulated, refrigerated, flat rack, vehicle rack, open top, bulk liquid or equipped with interior devices. A container may be 20 feet, 40 feet, 45 feet, 48 feet or 53 feet in length, 8’0″ or 8’6″ in width, and 8’6″ or 9’6″ in height.

Cost and Freight

A Term of Sale where the seller pays the costs and freight necessary to bring the goods to the named port of destination, but the risk of loss of or damage to the goods, as (continued) well as any additional costs due to events occurring after the time the goods have been delivered on board the vessel, is transferred from the seller to the buyer when the goods pass the ship’s rail in the port of shipment. The CFR term requires the seller to clear the goods for export.

Cost, Insurance and Freight

A Term of Sale where the seller has the same obligations as under the CFR but also has to procure marine insurance against the buyer’s risk of loss or damage to the goods during the carriage. The seller contracts for insurance and pays the insurance premium. The CIF term requires the seller to clear the goods for export.

Free on Board

An International Term of Sale that means the seller fulfills his or her obligation to deliver when the goods have passed over the ship’s rail at the named port of shipment. This means that the buyer has to bear all costs and risks to loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export.

Inspection Reports

When vehicles are presented to the auction house for sale, the auctioneers undertakes a rigorous inspection of the vehicle prior to the auction and prepares an Inspection Report for prospective buyers to view. This is effectively a 3rd party inspection, as the inspection is not commissioned by the private inpidual, dealer or corporation submitting the vehicle for auction, and this seller has no control over the contents of the auction house’s report; moreover, the auction houses apply flat fees for the vehicles appearance at auction (i.e. they have no vested interest in the vehicle itself). They tend to be very strict with the recording of any perceived faults (as well as fairly representing the sales features of the vehicle), and for good reason – there is a claim/return procedure to which the auction house can be held accountable should the condition of the vehicle not be represented wholly and accurately on the Inspection Report.

Invoice

An itemized list of goods shipped to a buyer, stating quantities, prices, shipping charges, etc.

Letter of Credit

A document, issued by a bank per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time.

Marine Insurance

Broadly, insurance covering loss or damage of goods at sea. Marine insurance typically compensates the owner of merchandise for losses sustained from fire, shipwreck, etc., but excludes losses that can be recovered from the carrier.

Original Equipment Manufacturer

Original equipment manufacturer, or OEM, is a term that refers to containment-based re-branding, namely where one company uses a component of another company within its product, or sells the product of another company under its own brand. OEM refers to the company that originally manufactured the product.

Pro Forma Invoice

A quotation in the form of an invoice prepared by the seller that details items which would appear on a commercial invoice if an order results.

Proxy Bidding

Proxy bidding is a system that allows you to bid the maximum amount you are willing to pay for a vehicle with the possibility of winning the vehicle for less. Your bid is kept secret from all other bidders as the auction proceeds. The system will automatically enter your lowest possible winning bid and continue to increase your bid until your maximum bid is reached. If all other bidders stop bidding before your maximum bid is reached, you will win the vehicle for the amount of the final bid plus a standard 3,000 yen increment. You pay the lowest possible winning bid and do not have to pay the full amount of your maximum bid. If there are two or more identical “winning” bids, the bid that was placed first will win the vehicle.

Roll On/Roll Off

A shortening of the term, “Roll On/Roll Off.” A method of ocean cargo service using a vessel with ramps which allows wheeled vehicles to be loaded and discharged without cranes.

Telegraphic Transfer

The most common payment method that requires the use of cable or telegraph to remit funds. Money does not move physically. The order to pay is wired to an institutions casher to make payment to a company or inpidual.

Vehicle Inspection, Shaken

Known as “shaken” in Japanese. This bi-yearly inspection and component replacement regime also includes mandatory liability insurance, weight tax, vehicle tax and can cost upwards of $1,500 US. New vehicles depreciate at a considerably faster rate than in other countries, and beyond a certain mileage (50,000 miles/85,000 km) it becomes economically prohibitive to renew the “shaken,” as the resale values approach residual. This stringent (some say draconian) system, coupled with the Japanese zeal to own the latest models, gives rise to an abundant number of used vehicles in great condition reaching the auctions every day. The bi-yearly “shaken” also makes tampering with the odometer very difficult as a running record of the car’s mileage is kept and vehicles that deviate from this record are marked on the auction house inspection reports.

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  • 5 star review  Great experience working with Japan Car Direct. Very helpful, great communication and very patient with a first time mini truck buyer and importer.

    thumb Sven MacAller
    4/06/2021

    5 star review  I can't recommend JCD enough. Mathew was a fantastic person to work with. As a newbie to the Japanese auctions, I was quite naïve and had far too many questions. Mathew was kind, knowledgeable, and patient through the entire process. My Minicab arrived last week and I am quite pleased. I would not hesitate to work with Japan Car Direct again in the future. Thank you Mathew!! Jay A.

    thumb Acute Autoworks
    2/26/2021

    5 star review  I purchased a suzuki carry from here.. They made the whole process so easy..fantastic communication,and I got what I wanted.. highly recommend using this company for your next purchase. 5 stars

    thumb Alec KELSEY
    2/21/2021
  • 5 star review  IF YOU ARE OVERLY CAUTIOUS READ THIS I am over the top and I am aware of it. Matthew probably should get an award for dealing with me. I dig into everything and am used to fighting for fairness at auto auctions here in the USA - we own a small dealership. Early into my fist purchase (of many) Matthew earned my trust. He’s a rare breed: a true professional and exceptional at what he does. The world NEEDS more like him in every industry. Matthew is one of our most valued partners now, as we strive to bring JDM to Rochester and the Great Lakes. I’m a tough case, I openly admit, but he worked through my caution and I’m now very happy to purchase through him. Call me if you want, I’ll recommend Matthew to anyone. Drew

    thumb Drew Carapella
    2/19/2021

    5 star review  IF YOU ARE OVERLY CAUTIOUS READ THIS I am over the top and I am aware of it. Matthew probably should get an award for dealing with me. I dig into everything and am used to fighting not to get taken at local auctions (I own a dealership and believe strongly in integrity). Early into my fist purchase (of many) Matthew earned my trust. He’s a rare breed: a true professional and exceptional at what he does. The world NEEDS more like him in every industry. Matthew is one of our most valued partners now, as we strive to bring JDM to Rochester and the Great Lakes. I’m a tough case, I openly admit. Find me and call me if you want, I’ll recommend Matthew to anyone. Drew

    thumb Drew Carapella
    2/19/2021

    5 star review  I always wanted a Land Cruiser ! Mathew helped me find 2 beautiful trucks from the Japanese auction. Had them delivered to Freeport, TX last week. He was amazing to work with. Fast response time on bids, super easy to work with, he has a lot of experience and answered all questions promptly. Will be working with JCD more in the future to purchase more vehicles !

    thumb Vince Jabbal
    2/10/2021
  • 5 star review  Very pleased with my experience with JCD. Mat helped me with my purchase of a Honda Beat and its shipping to the port of Baltimore. Everything was seamless and I would (and already have) recommended this company to several friends.

    thumb Justin Marvel
    2/01/2021

    5 star review  Thanks to JapanCarDirect for the opportunity, Yoshi took well care of my requests with a incomparable patience and fast follow up. Will definitely pass the word around !!! 👌🇨🇦🇯🇵

    thumb Ray Mechanic
    1/25/2021

    5 star review  Fantastic service, helped me through the process of importing my JZX100 to the UK, Everything was clear and fees were low, worth every penny though, fantastic and couldn't have asked for more!

    thumb Jack Ellis
    1/19/2021
  • 5 star review  I just picked up my dream campervan from port and have to say that Japan car direct was with me the entire way. I felt so supported all my questions were answered and I could not imagine doing something like this without them. I highly recommend the whole team, trust them and would encourage anyone to use there services.

    thumb scott snow
    12/23/2020

    5 star review  Mathew and all stuff JCD are best. I ordered 4 cars to UA. Support was 24H. The team did its best to solve my problems. They are really good. Now I can recommend them. Unique condition of the car. P.S. sorry but the photo was taken immediately upon arrival. Thank you again!

    thumb Oleg Dziuba
    11/23/2020

    5 star review  I just wanna thank Matthew and the whole team at Japan Car Direct, they always went above and beyond in making sure their clients are always happy and informed about the vehicles they are purchasing. I am still in the buying process but so far 5/5 definitely. I’ll keep everyone posted when I do find a car!

    thumb Mahad Awan
    11/10/2020
  • 5 star review  Do yourself a favor, call Mathew at Japan Car Direct. Let him take the worry about doing business over seas off your plate. Not knowing anything about importing vehicles from Japan, I spent countless hours studying and trying to figure it all out. The headaches were too much! After Mathew walked me through the process it was a piece of cake. We've already bought a couple and are now buying more with complete confidence. Thanks guys, much much appreciated.

    thumb Richard Harris
    10/23/2020

    5 star review  Can not recommend these guys enough. I dealt with Matt, who was extremely helpful and patient with all of my stupid questions. The way they have the whole process is so convenient, especially with the live video translations of the auction sheets. I will absolutely be returning to them in the future.

    thumb Seaver Brown
    10/10/2020

    5 star review  Trustworthy group here! They made it easy from point a to b. So glad this was the first group I tried as I have heard horror stories about the import process. Highly recommended.

    thumb Cory Cheyne
    9/22/2020
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