How do I pay for a used Komatsu excavator from China?
Paying for a used Komatsu excavator from China typically involves a T/T USD wire transfer or an L/C through Bank of China, with Wise as an alternative. ExcaYard, a China used excavator export specialist based in Hefei, Anhui, accepts these methods and handles all export documentation. Before payment, we conduct a 150-point pre-shipment inspection with photos and video to verify machine condition and hours.
Payment Methods Accepted
ExcaYard offers flexible payment options to suit different buyer preferences and risk profiles. The two primary methods are T/T (telegraphic transfer) and L/C (letter of credit).
- T/T USD wire: The most common method. You send a deposit (typically 30-50%) to initiate the order, and the balance before shipment. Funds are transferred in USD via international wire.
- L/C through Bank of China: A letter of credit provides security for both parties. The L/C is issued by your bank and confirmed through Bank of China. Payment is released upon presentation of compliant shipping documents.
- Wise: An alternative for smaller transactions or faster transfers, though not all buyers use this method.
All payments are made in USD. ExcaYard does not accept cash or unverified payment channels.
Step-by-Step Payment Process
Understanding the payment flow helps you plan your purchase and avoid delays. Here is the typical sequence:
- Select your machine: Browse available used Komatsu excavators on our machines page or request a specific model.
- Inspection and verification: We perform a 150-point pre-shipment inspection, including hours verification and paint-thickness checks. You receive photos and video for approval.
- Proforma invoice: After you confirm the machine, we issue a proforma invoice with price, shipping terms, and payment details.
- Deposit payment: You send the deposit via T/T or open an L/C. For T/T, this is usually 30-50% of the total.
- Shipping and balance: We book shipping (RoRo, container, or flat-rack) and prepare export documents. The balance is due before shipment or as per L/C terms.
- Document release: After full payment, we release the bill of lading and other documents so you can clear customs at your port.
Documents and Certifications
ExcaYard handles all export documentation and certifications required for your destination country. This includes:
- Commercial invoice
- Packing list
- Bill of lading
- Certificate of origin
- Destination-specific certifications: SONCAP (Nigeria), SABER (Saudi Arabia), PVoC (Kenya/Tanzania/Ghana), GSA (Ghana), KEBS (Kenya)
These documents are essential for customs clearance and to avoid delays. We coordinate with inspection agencies to obtain the necessary certificates. For more details, see our certification documentation guide.
Shipping Methods and Lead Times
We offer FOB or CIF terms. Shipping methods include RoRo (roll-on/roll-off), container, and flat-rack, depending on machine size and your preference. Default ports are Shanghai, Ningbo, Qingdao, and Tianjin. Typical CIF lead time is 28-45 days port-to-port. The table below summarizes key factors that affect shipping and payment.
| Factor | Details | Impact on Payment/Shipping |
|---|---|---|
| Machine condition | 150-point inspection, hours verification, paint-thickness checks | Ensures value; may affect price and deposit amount |
| Destination country | Africa, Southeast Asia, Middle East, Latin America, CIS | Determines required certifications (e.g., SONCAP, PVoC) and shipping route |
| Shipping method | RoRo, container, flat-rack | Affects cost and lead time; RoRo often cheaper for larger machines |
| Payment terms | T/T, L/C, Wise | T/T requires deposit; L/C adds bank fees but offers security |
| Lead time | 28-45 days port-to-port (CIF) | Balance payment typically due before shipment |
Inspection and Verification
Before any payment, we encourage you to review the 150-point inspection report. This includes photos and video of the machine, verification of working hours, and paint-thickness checks to detect prior repairs or repainting. You can also request a third-party inspection for additional assurance. Learn more about third-party inspections. If you prefer, you can visit our yard in Hefei to inspect the machine in person—see our yard visit guide.
Frequently asked questions
Can I pay with a letter of credit (L/C)?
Yes, ExcaYard accepts L/C through Bank of China. This method provides security for both parties and is common for larger transactions.
What is the typical deposit for a used Komatsu excavator?
For T/T payments, the deposit is typically 30-50% of the total price, with the balance due before shipment. Exact terms are confirmed on the proforma invoice.
Are there any hidden fees in the payment process?
ExcaYard does not charge hidden fees. However, bank charges for T/T or L/C issuance may apply and are typically borne by the buyer. Shipping and certification costs are clearly stated in the proforma invoice.
Ready to proceed? Contact us on WhatsApp at +86 193 9277 7259 for personalized assistance with payment and shipping.
