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  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

    5 star review  Yoshi and team were patient in helping me find the right car (green 2016 Prius 4WD) and get me through the process. Flawless service, prompt response to communications, on delivery the car was better than expected, very close to new looking. Their recommended partners for shipping and entry into NZ were on the ball too. Highly recommended! Pro tip: don't mess around; decide exactly what you want, then bid to win.

    thumb Mike Ross
    9/18/2020
  • 5 star review  I had been toying with the Idea of importing a Land Cruiser from Japan for a while and to be honest was quite hesitant about doing so, as the process for a first timer seemed quite daunting. Mathew at JCD made the whole process SUPER EASY! Been a pleasure dealing with him and was kept informed every step of the way and super fast communication kept the whole process stress free! Thanks again Mathew and I'm looking forward to the next Cruiser! Cheers!!

    thumb Mike Dorsch
    9/16/2020

    5 star review  I was daunted by the prospect of purchasing a vehicle overseas. Mathew was right there to offer direction and assurance along the way. He was quick to respond and most importantly, his word was good. Everything came to pass as he advised. The only point that went differently from his anticipation was the duty tax, which inherently has room for interpretation and may depend on the port of delivery. Would I go to Mathew and JCD again? Absolutely! With his help I obtained a suzuki carry with 8k miles, 4wd hi/lo w/ diff lock, in excellent condition, for a total of 5k from auction to driveway--tremendous value in my estimation. Thanks Mathew, the little truck is a fine addition to the farm. My kids, and my wife, love to drive it:)

    thumb Patrick Molitor
    9/14/2020

    5 star review  Mathew at Japan Car Direct has been a HUGE help and continually went above and beyond with assisting me. It was my first time bidding on vehicles at auction and having them shipped to the US. He even helped me arrange a mechanic in Japan to do some work on the Hiace I purchased so that it would arrive in the US in tip top shape and be ready to hit the road. I look forward to doing more business with Mathew in the future and you should too!

    thumb Charles Gross
    8/12/2020
  • 5 star review  I was totally clueless and was having a really hard time finding someone that I felt I could trust to help me with these auctions. A couple folks recommended Mathew over at JCD and I very reluctantly reached out. Yeah, I have trust issues. Dude put me at ease and really walked me through the whole process. After a couple months I didn’t end up buying a vehicle, but that’s on me. When I changed my direction, Mathew helped me wrap things up and wished me well. I have zero reservations about reaching out to these guys or recommending anyone else to do so. Very helpful, knowledgeable, prompt and everything I needed. You won’t be disappointed.

    thumb largejohn77
    7/17/2020

    5 star review  Ordered an Acty Van with these guys. five star service all the way. everything went perfect!!!. I was so afraid to import a car myself. JCD made it seamless. I would import wit them and only them again and again. Thanks guys!!

    thumb Scott Irby-Ranniar
    7/17/2020

    5 star review  Discovered KEI vehicles about a year ago and spent many hours searching the internet in hopes of finding an affordable van state side, to no avail. That is until I sent a message to Mathew at JCD. He was quick to respond, answered way too many of my silly questions, and worked diligently to find the right van for me. He is thorough, clear, and timely. Made the process simple and enjoyable. I am more than excited to work with him again. I highly recommend the service these gentlemen provide.

    thumb Benjamin Ferguson
    7/09/2020
  • 5 star review  Matt made importing a few mini trucks for our farm a breeze. Super easy to deal with and transparent with all the details involved in bidding and winning auctions, the import process, and everything in between.

    thumb Ben and Maggie O'Brien
    6/30/2020

    5 star review  My truck had been stolen and Matt was helping me bid on mini-trucks to replace it. Of course once we started bidding the truck was recovered, but Matt was upfront and very helpful both getting into and out of our auction based relationship. I would not hesitate to work with JCD again!

    thumb William Gundy
    6/28/2020

    5 star review  I worked with Mat and i believe i couldn't have done any better. This was my first time dealing with importing, Mat was so patient and helpful through this purchase. I also feel he got me the best deals, i have since the first purchase made two more and will continue to do business with Mat.

    thumb robert barnowsky
    6/16/2020
  • 5 star review  I purchased three vehicles from auction with Matt, he made it extremely easy and was available whenever I needed him throughout the entire importing process. This is not the last time I will be dealing with them. I plan to order more vehicles in the near future! If your looking for a trustworthy company to order vehicles through I highly recommend JCD!

    thumb dylan christner
    6/07/2020

    5 star review  Mathew was super helpful if helping me get more info and bid on cars I was interested in.

    thumb Matt Sparkman
    5/16/2020

    5 star review  Mathew and the gang were great with helping me with the acquisition of my 1994 Subaru Sambar dump kei truck. I was so excited about getting a truck I was ready to buy just about anything. Matt put the breaks on that and used his experience and knowledge to weed out the potential problems. I use my truck almost daily around our farm moving things and as a work surface. It is great. Mathew and Japan Car Direct helped my sister get a kei truck as well and I have and will continue to recommend them to anyone who has expressed interest in my great little vehicle.

    thumb Eric Amon
    5/12/2020

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