Payment

Guidance about Payment

AUTO-REX has bank accounts with major Japanese banks.
Please us the following account information to make payments to AUTO-REX.


Bank Information

Bank Name MUFG Bank, Ltd.
Branch Name YOKKAICHI BRANCH
Address 8-17 SUWA-CHO YOKKAICHI-CITY MIE JAPAN 510-0085
Account Name AUTO-REX,LTD.
Account Number 534-0223661
Swift Code BOTKJPJT
Bank of mufg

NOTE


Guidance about Incoterms

Incoterms:FOB
(Free On Board)
Free on board (FOB). This pricing term indicates that the cost of the goods, including all transportation and insurance costs from the manufacturer to the port of departure, as well as the costs of loading the vessel are readfiled in the quoted price. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export. "FOB Price does not include Shipping freight and Insurance charges"
Incoterms:CIF
(Cost,Insurance and Freight)
"Cost, insurance and freight" means that the seller delivers when the goods pass the ship's rail in the port of shipment. The seller must pay 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 well as any additional costs due to events occurring after the time of delivery, are transferred from the seller to the buyer. However, in CIF the seller also has to procure marine insurance against the buyer's risk of loss of or damage to the goods during the carriage. "CIF Price Includes the Vehicle Price + Shipping freight + Insurance Cost".
Incoterms:C&F
(Cost and Freight)
"Cost and Freight" - commercial term meaning that the stated value of a shipment of goods includes all costs and freight involved in shipping the goods to their destination. C&F Price Includes the Vehicle Price + Shipping freight to the port of your country.