Purchase Guide

Payment Guide

Hyundai Glovis Bank Account

  • Bank name: Korea Exchange Bank (KEB), H.M.B.C branch
  • Swift code: KOEXKRSE
  • Acc. No: 105-JSD-100325-1 USD
  • Beneficiary: Hyundai Glovis Co.,LTD

Payment rule

Depending on shipping terms, 50% or 100% payment will be required before shipment.

Shipping terms

  • EXW : This is the cost of the vehicle itself. You takes the vehicle in yard and are responsible for all costs associated with transport.
  • FOB : This is the cost of the vehicle excluding ocean freight. The FOB price only includes the cost of the vehicle and the expenses until loading on the ship.
  • CFR : This is the cost of the vehicle including all expenses caused in Korea and during ocean freight, while excluding insurance.