Repair Cost

Repair Cost refers to the expenses incurred in international trade for repairing goods due to damage, malfunction, or non-compliance with contract terms, borne by the seller or buyer. It is commonly seen in after-sales repair, within or outside the warranty period, and return for repair scenarios. Usage scenarios include: 1) Within the warranty period, the seller bears the repair cost; 2) Outside the warranty period, the buyer bears it or both parties share it by negotiation; 3) For transport damage, claim repair cost from the carrier or insurance company. Notes: It is necessary to clarify the party bearing the repair cost, the calculation method (e.g., by labor hours, material costs), payment time and currency; if cross-border repair is involved, customs duties, VAT, and temporary import/export procedures must be considered. Difference from 'Replacement Cost': Repair Cost only covers repair, while Replacement Cost covers replacement with new goods; Difference from 'Return Cost': The latter refers to the freight and related expenses for returning goods, not including the repair itself. In foreign trade contracts, the trigger conditions, upper limit, and dispute resolution methods for repair costs should be specified in detail to avoid disputes.