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How it works

1

Sellers List Their Lots

Sellers list their lots on the platform for buyers to view and bid.

2

Buyers bid and get total shipment price

Buyers bid on lots, receiving an upfront total cost including bid price, shipping, insurance, and inspection fees.

3

Winning buyer is directed to sign an e-contract

Highest bidder signs an e-contract to finalize the bid.

4

Buyer pays the platform before the shipment date

Buyer pays in full 7 days before shipment; funds held in escrow by platform.

5

Seller delivers products FOB (Free On Board)

Delivery leaves seller's warehouse for FOB, passing Eifo inspection before ship loading

6

Products arrives at Eifo-managed inspection checkpoint

Products are inspected at platform-managed checkpoint before ship loading to ensure quality and e-contract compliance.

7

Products are loaded on ship; platform issues electronic BL and documents

After inspection approval, products are shipped, and the platform issues electronic BL and required documentation, ensuring contract compliance.

8

Escrow released upon inspection pass and compliance with e-contract and electronic BL

Funds in escrow are released to the seller after products pass inspection, complies with e-contract, and an electronic BL is issued, ensuring a secure and fair transaction.