B2B Vehicle Sales and Export Terms

Version: 1.0
Last updated: August 20, 2026
Effective date: September 1, 2026
Website: https://www.hisicar.com

Important notice

These Terms form part of each binding PI that incorporates them. The Seller and PRC exporter are the entities named in the PI. Used vehicles are sold in the specifically disclosed condition, not as defect-free. The Buyer is normally responsible for destination import approval, customs, tax, registration and road use. Risk may pass before title. Compliance or legal restrictions can suspend or terminate performance. Cancellation may require payment of documented loss.

1. Scope and incorporation

These B2B Vehicle Sales and Export Terms (“Sales Terms”) govern the sale and export of a vehicle under a PI that expressly incorporates them.

The Buyer accepts these Sales Terms when its authorised representative actively accepts the complete PI version through the HISICAR account or signs an equivalent written/electronic document.

If a PI is marked draft, non-binding or subject to a separate contract, these Sales Terms do not create a sale until the stated separate contract is executed.

2. Parties

The PI identifies:

• the Buyer;
• the Seller;
• the PRC used-vehicle exporter and customs declarant;
• the invoice issuer;
• the payment recipient;
• the inspection/reconditioning and after-sales provider; and
• the authorised signatories.

No Group Company is a party merely because it shares the HISICAR brand. Hong Kong Racer House International Technology Limited is the Stripe merchant and online payment recipient. It is not the Vehicle Seller or PRC exporter unless the PI expressly assigns that role.

3. Required PI content

The PI must state or incorporate:

• PI number, issue date, expiry and language;
• legal names and identifiers of the Buyer and Seller;
• signatory names and authority;
• VIN/chassis number, make, model, trim, model year, production/first-registration date, power/fuel type, colour, odometer reading, condition and quantity;
• vehicle report, dated images and known defects;
• inspection standard and reconditioning scope;
• price, currency, deposit, balance, due dates, taxes and fees;
• eligible payment methods and payment recipient;
• one named Incoterms® 2020 rule and exact place or port;
• destination, consignee, route, final user and end use;
• documents, delivery estimate, insurance and acceptance process;
• warranty and after-sales terms;
• cancellation and claim rules;
• governing law, CISG exclusion, arbitration and controlling language; and
• version of every incorporated Policy.

The Seller corrects a missing or inconsistent material field and presents a new version before acceptance.

4. Contract formation

Unless clearly marked non-binding, a PI signed or sealed by the Seller is a time-limited offer. A properly authorised Buyer representative forms the Vehicle Sales Contract only by reviewing the complete frozen PI version and incorporated documents and selecting Accept PI and Enter Binding Vehicle Sales Contract before expiry. A generic Accept Quote action is not that binding event.

The electronic record must preserve the PI, incorporated documents, version, language, acceptance action, Buyer, representative, authority, timestamp and evidence hash.

A deposit is not the contract-formation event unless the PI expressly makes cleared deposit the acceptance method. Cleared deposit reserves the vehicle under Section 10.

5. Contract documents and priority

Subject to mandatory law, conflicts are resolved in this order:

1. a separately negotiated and signed contract or amendment expressly changing another document;
2. the accepted PI and its vehicle, Buyer, price and document snapshots;
3. these Sales Terms;
4. the Payment Policy, Shipping Policy, Vehicle Condition and Warranty Policy, and Trade Compliance Policy incorporated by the PI;
5. the website Terms and Conditions; and
6. general website or advertising content.

A specific negotiated term overrides a standard term only for the stated issue.

6. Business-buyer representations

The Buyer represents that:

• it purchases primarily for resale, fleet, trade or another business purpose;
• it is lawfully organised or otherwise entitled to conduct the business;
• its representative has authority to bind it;
• its corporate, tax, licensing, ownership and contact information is accurate;
• it has evaluated destination import and use requirements; and
• it will comply with these Sales Terms and applicable law.

A false B2B declaration does not remove a mandatory consumer right that applies to the transaction’s actual substance. HISICAR may decline a consumer transaction that lacks separate compliant terms and processes.

7. Conditions precedent

The Seller may withhold reservation, procurement, reconditioning, export, shipment or title/document release until all applicable conditions are met:

1. satisfactory KYB, signatory, beneficial-owner, payer and source-of-funds review;
2. satisfactory sanctions, export-control, anti-diversion, fraud and bank review;
3. lawful title and authority over the vehicle;
4. current PRC exporter qualification and vehicle-specific licence eligibility;
5. completed inspection, deregistration, customs and manufacturer after-sales confirmation where required;
6. lawful and operational destination, route, consignee and carrier;
7. cleared deposit, balance and charges due; and
8. no material inconsistency or legal prohibition.

The responsible party must cooperate promptly. If a condition cannot be met, the financial outcome follows Section 23 and the Payment Policy. A failed condition does not automatically permit forfeiture of all funds.

8. Vehicle identity

The subject of the sale is the exact VIN/chassis vehicle identified in the accepted PI snapshot. The Seller may not substitute another vehicle without the Buyer’s express written acceptance of a new PI or amendment.

The Seller must disclose any material change in mileage, specification, ownership, condition, damage, repair or documentation between the accepted snapshot and shipment.

9. Price, currency and excluded costs

The PI states the contract price and currency and identifies included items. Unless expressly included, the price excludes:

• destination customs duty and import VAT;
• homologation, conformity, emissions and safety testing;
• registration, road tax and insurance;
• destination broker, port, terminal and local delivery charges;
• demurrage, detention and storage caused after the allocated delivery point;
• Buyer-appointed inspection;
• sending/intermediary bank charges; and
• exchange differences imposed by the Buyer’s bank or payment provider.

Indicative website conversions are not binding. No employee may change price or payment instructions through an informal message without an authorised PI amendment.

10. Deposit and reservation

The specific vehicle is reserved only after the required deposit is reported as successfully completed or credited, reconciled to the order and cleared through the required compliance review. A later reversal or chargeback is governed by the Payment Policy and does not remove the parties' underlying contractual rights.

The PI states the reservation period and work that the deposit may fund. The Seller must not knowingly accept incompatible cleared reservations for the same vehicle.

The word “deposit” does not make the entire amount automatically non-refundable. Cancellation and deductions are governed by Section 23 and the Payment Policy.

11. Payment

The Buyer pays each amount by the due date and through a method displayed as eligible for that payment schedule.

Stripe is currently intended for eligible deposits, not automatically for the balance. Hong Kong Racer House International Technology Limited is the Stripe merchant and online payment recipient. It receives funds as the Seller’s authorised collection agent unless the PI makes it the Vehicle Seller.

Bank transfers must be sent only to the corporate beneficiary frozen in the PI/order. Personal accounts are prohibited. A third-party payer requires prior written approval, identity, relationship and source-of-funds review.

Cash is accepted only at an approved store through the authorised cash-desk and numbered-receipt process.

Payment is complete only when cleared and reconciled. The Seller need not release a vehicle, title or shipping document against pending, reversible, short or unmatched funds.

12. Seller and exporter obligations

The Seller and exporter perform the duties assigned to each in the PI and must:

• have lawful title or authority;
• not export a seized, stolen, unlawfully assembled, ineligible or prohibited vehicle;
• provide truthful VIN, mileage, ownership, inspection and condition information;
• arrange the required WM/T 8-2022 or WM/T 9-2022 inspection for a used vehicle;
• perform and evidence the agreed reconditioning;
• maintain a traceable vehicle file;
• obtain required PRC export licences and make truthful customs declarations;
• arrange delivery and documents under the named Incoterm;
• provide the required written after-sales arrangement; and
• address material quality, recall and traceability matters for which it is legally or contractually responsible.

The exporter cannot transfer non-transferable PRC licence, customs or quality-traceability duties to the Buyer.

13. Buyer obligations

The Buyer must:

• provide accurate corporate, authority, ownership, payer, consignee, final-user, end-use, destination and route information;
• maintain required importer, dealer and tax registrations;
• verify before acceptance that the exact vehicle may be lawfully imported, registered and used in the destination country;
• obtain destination permits, approvals, customs clearance and insurance unless the PI expressly assigns an item to the Seller;
• pay from an approved source on time;
• inspect and notify claims under the agreed process;
• take delivery and prevent avoidable port, storage and carrier charges;
• preserve the vehicle and evidence after a suspected defect or transit loss; and
• comply with sanctions, export-control, anti-diversion, resale and end-use restrictions.

No statement such as “EU standard,” “for Europe,” “for Africa” or “ready for export” replaces country-specific approval.

14. Vehicle condition

New and used vehicles are governed by the Vehicle Condition, Inspection, Reconditioning and Warranty Policy.

For a used vehicle, age, mileage, prior use, disclosed defects and ordinary wear form part of the agreed condition. “Used,” “as inspected” and “as disclosed” do not exclude:

• valid title and authentic VIN;
• mandatory inspection and truthful disclosure;
• known material defects not disclosed;
• deliberate concealment or fraud;
• wilful misconduct or gross negligence;
• personal injury liability; or
• any duty that law prohibits excluding.

15. Inspection and reconditioning

The Seller arranges only the inspection and reconditioning stated in the PI and VIN-specific vehicle report. General quality wording does not expand that scope, promise factory-new condition or eliminate an accurately disclosed waiver.

The Buyer may appoint a qualified independent inspector at its cost, subject to safety, scheduling and confidentiality. Failure to appoint an inspector does not waive undisclosed title defects, fraud or deliberately concealed material defects.

A permitted reconditioning waiver must identify the item, reason, approval, effect and Buyer disclosure. A legally mandatory safety or export item cannot be waived.

16. Delivery, Incoterms and risk

The PI must use EXW, FOB, CFR or CIF, an exact named place/port and “Incoterms® 2020.” The selected rule allocates delivery, cost and risk but does not determine title, payment, quality, sanctions or disputes.

Risk of accidental loss or damage passes under the named Incoterm, subject to mandatory law and an express PI variation. Dates and ETA are estimates unless the PI expressly guarantees a date and remedy.

The Shipping and Delivery Policy governs carriers, tracking, insurance, documents, delay, demurrage and transit claims.

17. Title

Unless the PI expressly states another lawful point, title passes only when:

1. full cleared price and all due amounts are received;
2. delivery occurs at the contractually stated point; and
3. the Seller releases the title/transfer documents.

Risk may pass before title. Any retention of title is subject to the law and registration requirements where the vehicle is located. Before title passes, the Buyer must not pledge, sell, re-register or materially alter the vehicle without written authority.

18. Export and import

The exporter performs non-transferable PRC export, licence and customs obligations. The Buyer performs destination import, customs, tax, conformity, registration and road-use obligations unless expressly allocated otherwise.

Each party supplies truthful documents reasonably needed by the other. No party may ask another to understate value, use a false classification, conceal destination, change VIN records or create a false invoice.

19. Documents

The PI lists the required documents, which may include:

• commercial invoice;
• packing list;
• bill of lading or transport document;
• title, registration and deregistration evidence;
• export licence and customs declaration;
• inspection and vehicle-condition report;
• certificate of origin where available;
• CIF insurance certificate where applicable;
• after-sales/warranty documents; and
• other destination documents expressly agreed.

Documents are released after the payment and compliance conditions are satisfied. The Seller corrects its material document error. Buyer-requested changes and destination formalities are charged as agreed.

20. Compliance and change control

The Trade Compliance Policy applies throughout the transaction. A change in Buyer, beneficial owner, payer, consignee, notify party, destination, transit country, route, carrier, vessel, final user or end use requires prompt disclosure and renewed review.

No material change, VIN substitution, price increase or new fee is effective without an authorised written/electronic amendment accepted by both parties.

21. Delivery, inspection and acceptance

The Buyer reviews the final vehicle report and agreed evidence before shipment within the period stated in the PI. Silence constitutes approval to ship only if the interface clearly states that consequence and the Buyer had a reasonable review opportunity.

At arrival, the Buyer must inspect before material use or alteration, record VIN, mileage, seal and visible condition, note carrier damage and obtain survey evidence. Failure to follow the process may prejudice a claim only to the extent it actually prevents investigation or mitigation; it does not waive fraud or a non-waivable right.

22. Warranty, after-sales and recall

Only the written warranty in the PI applies. It identifies provider, territory, time/mileage, covered parts, exclusions, procedure, cost allocation and remedy.

Remaining manufacturer warranty may be unavailable or non-transferable outside the original market. Connected services, apps, maps, eSIM, radio, software updates, charging standards, language packs and parts may differ at destination.

The exporter provides the after-sales arrangement required for used-vehicle export and stated in the PI. A channel that can receive a request at any time does not, by itself, mean trained human support is continuously staffed or promise emergency rescue, immediate response or immediate repair.

Recall and safety obligations are governed by applicable law and the Vehicle Condition and Warranty Policy.

23. Cancellation and refund allocation

The Buyer may request cancellation by writing to info@hisicar.com. The result depends on cause and timing:

• Seller material breach or inability to provide lawful title/export authority: the Buyer receives the remedies required by the contract and law, including full refund where termination is justified.
• Vehicle becomes unavailable before cleared reservation without Buyer fault: amounts received for that vehicle are refunded.
• Buyer cancellation without Seller breach: the Seller may deduct only disclosed, lawful and documented non-recoverable third-party cost and actual reasonable loss after mitigation.
• Condition fails because of false or withheld Buyer information: the Seller may recover documented loss and return the lawful balance.
• Neutral legal/compliance condition fails without either party’s fault: only lawful, disclosed and substantiated non-recoverable cost may be deducted.
• Funds are legally frozen: they are handled under the direction of the competent bank, regulator or law and are not automatically forfeited.

A blanket forfeiture unrelated to loss does not apply. Any liquidated damages must be conspicuous in the PI and remain subject to mandatory adjustment rules.

24. Breach and remedies

For a material breach, the non-breaching party may require cure within a reasonable period where cure is possible, suspend corresponding performance, claim a lawful price reduction or damages, or terminate where the breach defeats the contract purpose.

The Seller may suspend or terminate for material non-payment, false authority, prohibited diversion, refusal to provide essential compliance documents or failure to take delivery after notice where practicable.

The Buyer may seek cure, agreed replacement, price reduction, termination, refund or damages for material misdescription, deliberate concealment, lack of title, unlawful export or other Seller breach, subject to cause, materiality and applicable law.

Both parties must mitigate loss. No remedy permits an unlawful shipment, payment or refund.

25. Claims

A claim must be sent to info@hisicar.com with the PI/order number, VIN, description, discovery date, mileage, dated photos/video, diagnostic or survey evidence and requested remedy.

The Buyer must preserve the vehicle and affected parts and provide a reasonable inspection/cure opportunity, except for urgent safety action. The Seller may appoint an independent inspector.

Contractual notice periods do not bar fraud, deliberate concealment or rights that cannot legally be limited. Transit claims follow the Shipping Policy and risk allocation.

26. Force majeure and change in law

A party receives relief only to the extent an event outside reasonable control prevents performance and it promptly gives notice, reasonable evidence and mitigation.

Ordinary market changes, predictable congestion, lack of funds and a party’s own compliance failure are not automatically force majeure. Sanctions, licence denial or legal change is assessed according to cause and law. Neither party must perform an unlawful act.

If prevention continues for 60 consecutive days and no lawful commercially reasonable alternative is agreed, either party may terminate the affected unperformed part. Funds and costs are then allocated under Section 23.

27. Liability

Neither party is liable for indirect or consequential loss that was not reasonably foreseeable when the contract was made, to the extent law permits.

Any aggregate liability cap must be stated conspicuously in the PI. No unstated website cap applies to the Vehicle Sales Contract.

No exclusion or cap applies to fraud, wilful misconduct, gross negligence, death or personal injury caused by fault, lack of title, falsified VIN/mileage, deliberate concealment, an undisputed payment obligation or liability that cannot legally be limited.

28. Indemnities

The Buyer indemnifies the Seller/exporter for third-party claims, penalties and reasonable costs directly caused by false Buyer authority, unlawful import, false destination/end use, prohibited diversion, bribery or Buyer-supplied infringing content.

The Seller indemnifies the Buyer for third-party title claims directly caused by the Seller lacking authority to sell, subject to timely notice and defence cooperation.

No indemnity covers the indemnified party’s own fraud, wilful misconduct, gross negligence or breach. The indemnifying party receives reasonable control of defence, and a settlement may not impose an admission or non-monetary duty on the other party without consent.

29. Records and confidentiality

The parties preserve the PI, policies, authority, vehicle reports, communications, payment, export, shipping and claim records for the applicable period.

Non-public business, pricing, ownership, technical and transaction information is confidential and may be used only for the transaction, professional advice, finance/insurance, legal compliance and claims. Confidentiality does not cover information lawfully public, independently developed, already known without duty or lawfully received from another source.

Legally required disclosure is limited where practicable and notified where lawful.

30. Governing law, CISG and arbitration

The Vehicle Sales Contract and non-contractual obligations arising from it are governed by the laws of the People’s Republic of China, subject to mandatory law that cannot be excluded.

The United Nations Convention on Contracts for the International Sale of Goods is expressly excluded.

An unresolved dispute is finally submitted to the Shanghai International Economic and Trade Arbitration Commission (Shanghai International Arbitration Center, “SHIAC”) for arbitration under its rules in effect when the proceeding begins.

• Seat: Shanghai, People’s Republic of China.
• Language: English.
• Tribunal: one arbitrator, unless the parties agree in writing to three or mandatory applicable rules require otherwise.
• Interim relief: either party may seek preservation or interim relief from SHIAC, an emergency arbitrator or a competent court without waiving arbitration.

The Complaints and Dispute Resolution Policy applies before arbitration but does not suspend a limitation or urgent-relief deadline.

31. Language

English is the controlling contract language between the parties except to the extent a mandatory PRC used-vehicle export-licence or filing rule requires the filed Chinese translation to prevail. The exporter must prepare a complete, accurate Chinese translation for that filing, provide the filed version to the Buyer, and correct any material inconsistency before submission. A correction that changes a material commercial or legal term requires a revised PI and fresh Buyer acceptance.

32. Contact

Contract, cancellation, claim and legal communications: info@hisicar.com.