JCT: Japanese Used Cars Exporter
Total Cars in Stock: 327
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Japan
JCT: Japanese Used Cars Exporter
Total Cars in Stock: 327
Effective Date: 1 May 2026 / Last Updated: 1 May 2026 / Governing Law: Japan
Please read these Terms and Conditions carefully. By making an enquiry, placing an order, or making any payment, you agree to be bound by these Terms.
Japan Circular Trading Co., Ltd. (“JCT”, “we”, “our”, “us”) is a licensed used vehicle dealer and exporter based in Nagoya, Japan. Second-Hand Dealer Licence No. 541212314700, issued by Aichi Prefectural Public Safety Commission. Address: 2-505-101 Daitoro, Nakagawa-ku, Nagoya City, Aichi 454-0943, Japan.
JCT offers both direct sales from available stock and an order-based procurement service in which vehicles are individually sourced from Japanese auctions to match each buyer’s specific requirements. These Terms apply to both types of transactions.
All transactions begin with a consultation by email or telephone. Please provide your desired vehicle specifications, budget, and destination port. JCT will provide an estimated vehicle price, freight cost, total charges, deposit amount, and balance — by email or verbally. No formal document is issued at this stage.
Once you have confirmed your intention to purchase, JCT will issue a Proforma Invoice (PI) containing:
Please review the PI carefully and pay the deposit to confirm your order.
A Final Invoice will be issued at one of the following times, depending on the agreed payment terms:
The Final Invoice states the balance amount, payment due date (within 7 days of issue), and bank details.
⚠ IMPORTANT: Title (ownership) of the vehicle remains with JCT until full payment is received.
Title (ownership) of the vehicle passes to the buyer only upon JCT’s confirmation of receipt of full payment including the balance. Under CNF terms, risk transfers to the buyer at the time of loading on board the vessel, but title is retained by JCT until full payment is confirmed.
JCT’s standard trading terms are CNF (Cost and Freight — freight included, no insurance).
| Terms | Description |
|---|---|
| CNF (Standard) | Vehicle price + ocean freight included. No insurance. Risk transfers to the buyer at the time of loading on board the vessel. |
| CIF (On Request) | Vehicle price + freight + marine insurance included. Available on request — please enquire at the time of quotation. |
| FOB (Some transactions) | Vehicle price only. Freight and insurance arranged by the buyer. Risk transfers to the buyer at the time of loading on board the vessel. |
JCT strongly recommends that buyers arrange marine cargo insurance. Please advise at the time of ordering if you wish us to arrange cover (see Article 8).
Even if the vehicle suffers damage or total loss during transit under CNF or FOB conditions, the buyer’s obligation to pay the balance is not extinguished, as risk has already transferred to the buyer. Buyers with marine insurance may claim from their insurer.
Shipping documents will be issued in one of the following forms depending on the destination, transaction, and buyer’s preference:
| Document Type | Features & Security Function |
|---|---|
| Original B/L (Bill of Lading) | Presentation of the original B/L is required to collect cargo at the destination port. JCT retains the original until full payment is confirmed. Strongest security function. |
| Surrendered B/L | After full payment is confirmed, JCT instructs the shipping line to surrender the B/L at the port of loading. The buyer may collect the cargo at the destination without presenting the original. |
| Sea Waybill | A non-negotiable transport document. JCT confirms the consignee information only after full payment is received. Used for certain destinations or established buyer relationships. |
The table below shows the position where payment is made after vessel departure and the balance remains unpaid.
| Stage | Risk | Title (Ownership) |
|---|---|---|
| Order confirmed (deposit paid) | JCT | JCT |
| Loading / vessel departure | Transfers to Buyer | JCT (retained) |
| Full payment confirmed | Buyer | Transfers to Buyer (complete) |
| Cancellation Timing | Refund | Deduction / Penalty |
|---|---|---|
| ① Before bidding (deposit paid, no bid placed yet) | Full refund | Bank transfer charges of JPY 5,000 (flat fee) deducted |
| ② Unsold at auction (bid placed but vehicle not won) and no alternative vehicle purchased | Full refund | Bank transfer charges of JPY 5,000 deducted. Processed promptly. |
| ③ Cancellation after bidding (bid already submitted) | No refund | Deposit forfeited in full. If additional costs are incurred (e.g. auction fees, domestic resale at a loss, logistics), these will be invoiced separately. |
| ④ Non-payment after Final Invoice (more than 7 days after Final Invoice issued) | No refund | Deposit forfeited in full. If resale price is below agreed amount, the shortfall and additional costs (storage, re-export, etc.) will be invoiced. |
Balance payment is made either before or after vessel departure, in accordance with the payment terms agreed and stated on the PI and Final Invoice.
By agreement, full balance payment may be made before vessel departure. In this case, both risk and title transfer to the buyer at the time of loading. The Final Invoice will be issued before departure.
After the vessel departs, JCT will send a B/L Draft and issue the Final Invoice. Please pay the balance within the stated deadline. After full payment is confirmed, JCT will process the B/L Surrender or issue the original B/L.
Full balance payment must be received within 7 calendar days of the date the Final Invoice is issued.
The due date is calculated in calendar days and will be stated on the Final Invoice.
⚠ If full payment is not received within 7 days of the Final Invoice being issued:
Under CNF terms, risk in the vehicle transfers to the buyer at the point of loading on board the vessel in Japan. JCT accepts no liability for any loss, damage, or theft occurring during ocean transit.
JCT strongly recommends that all buyers arrange marine cargo insurance.
If you wish to trade on CIF terms, please request this at the time of quotation.
Vehicles are described based on auction inspection reports prepared by independent, certified inspectors. JCT does not generally handle vehicles with major damage or accident history, except by specific buyer request.
Regardless of document type (Original B/L, Surrendered B/L, or Sea Waybill), JCT will not issue, release, or process any shipping document until full payment including the balance has been confirmed. See Article 5(4).
The buyer is solely responsible for all import duties, taxes, customs clearance fees, broker charges, and compliance with import regulations in the destination country. Please refer to Article 16 regarding vehicle age restrictions and import limitations.
JCT’s maximum liability is limited to the purchase price paid for the relevant vehicle. JCT is not liable for any indirect, consequential, special, or punitive losses, including loss of profit or business interruption.
In the event of total loss after loading under CNF or FOB terms, JCT bears no liability as risk has already transferred to the buyer.
JCT is not liable for delays or non-performance caused by events beyond its reasonable control, including vessel schedule changes, port congestion, natural disasters, pandemics, strikes, government actions, or international sanctions.
Some destination countries impose restrictions on the import of vehicles based on vehicle age, steering configuration (right-hand/left-hand drive), engine displacement, or emissions standards. Buyers are responsible for verifying all applicable import regulations before placing an order.
JCT will endeavour to provide relevant information where available, but final confirmation of import eligibility rests with the buyer and their local import agent or customs broker. JCT accepts no liability for refunding costs already incurred (auction fees, freight, export processing, etc.) in the event that import is refused at the destination.
JCT has encountered cases where vehicles have been refused import at the destination port due to vehicle age regulations. Import regulations are subject to change — please verify the latest requirements for your country before each order.
These Terms are governed by the laws of Japan. Any disputes arising from or in connection with these Terms shall be subject to the exclusive jurisdiction of the Nagoya District Court, Japan.
JCT reserves the right to amend these Terms at any time. The version published on our website at the time of order placement applies to that transaction.
| Step | Action | Title / Risk |
|---|---|---|
| ① Enquiry | Discuss by email or phone (no formal document) | — |
| ② PI & Deposit | PI issued → deposit paid within 7 days → order confirmed → bidding begins | Title: JCT Risk: JCT |
| ③ Final Invoice issued | Before or after departure per agreed terms | After departure: Risk → Buyer Title: JCT (retained) |
| ④ Balance paid (within 7 days) | Balance received → documents released | Title → Buyer (complete) |
| ⑤ Delivery | Customs clearance & collection at destination port | Complete |
| Cancellation | Refund | Penalty |
|---|---|---|
| Before bidding | Full refund | Less JPY 5,000 bank charge |
| Unsold (no alternative purchase) | Full refund | Less JPY 5,000 bank charge |
| After bidding | No refund | Deposit forfeited. Additional costs may be invoiced if incurred forfeited |
| 7+ days after Final Invoice | No refund | Deposit forfeited + resale shortfall |
