Policy – EFUR

Efur Policy Summary

2026-2027

Step 1

Shipment of Frozen no-scraped Skins to Cambodia

Pelting services in Cambodia include fat scraping, stretching, drying, and sizing after drying. Animals must be skinned prior to shipment; whole carcasses are not permitted for transport. Fat residue on the flesh side of skins is allowed.
Frozen skins of uniform color and fur quality (female/male, F/M) shall be neatly placed flat in plastic bags. Female and male skins must be packed in plastic bags of different colors, then bundled into sturdy cartons or loaded into trucks. Packages shall be placed on wooden pallets and wrapped with plastic film to prevent damage or loss during transit. Carton or truck numbers shall be clearly marked on the exterior in accordance with the packing list.
Farms are not required to use bar codes when packaging skins. However, distinguishable plastic tags may be attached to the nose of each skin. Efur may provide guidance on color combinations for these tags prior to packing.
Different skin categories (regular, breeder, summer skins) must be packed separately and documented on separate proforma invoices and packing lists.
A packing list detailing skin type (regular, breeder, summer), color, F/M, and quantity per carton/truck must be provided prior to dispatch.
For customs import clearance in Cambodia, Efur only requires the proforma invoice, packing list, and transport waybill. Documentation requirements for export clearance from the EU or other countries to Cambodia may vary. Farms shall consult Efur’s local freight forwarders for further details.
The applicable INCOTERM for shipments from farms is FCA (Free Carrier). Farms shall complete export clearance under the guidance of the freight forwarder. Efur will arrange forwarder pickup and advance transportation costs.
There is no fixed annual deadline for submitting skins to Efur. However, to sell skins in China within the same sales season (normally closed by mid-January), skins must arrive in Cambodia no later than September 10. Otherwise, sales will be deferred to the new sales season in May of the following year.

Step 2

Shipment of Dried Skins

Efur also accepts dried skins in Cambodia. Skins will first be tanned in Cambodia, then shipped to China or kept in Cambodia for sale. Tanning services are provided by Marco-Cipel.
Dried skins of different categories (regular, breeder, low-grade, summer skins) must be packed separately and documented on separate proforma invoices and packing lists. For low-grade skins, farms only need to provide a general overview of the shipment before dispatch. Farms may report the total number of damaged skins (Dam2 or higher) on the packing list; detailed damage grading is not required.

Step 3

Sorting Instructions and Farm Authorization

At the farm’s request, Efur may perform inter-farm sorting or establish farm-specific lots. Farm- specific lots generally require a minimum quantity and consistency within defined skin categories.
A.Brown/mahogany/black skins: minimum 3,000 pieces per category (type + F/M + color) per shipment to Cambodia.
B.Mutation skins: minimum 5,000 pieces per category (type + F/M + color) per shipment to Cambodia.
Efur will sort dressed skins and issue a draft sorting report to farms for authorization before Auctioning. If a farm does not accept the specifications in the report, Efur will revise it per the farm’s instructions,and marked with"Farm Sorting" during the auction
Skins shipped in very small quantities that cannot form a valid farm-specific lot will be combined with skins from other farms for inter-farm sorting. Farms will be notified of inter-farm sorting but not required to provide prior confirmation.

Step 4

Price Recommendations, Authorization

Efur will periodically issue reference prices for dried skins based on the latest auction prices. Prior to each Efur auction, farms may adjust prices online using these references as their minimum acceptable prices, or suspend sales to await more favorable market conditions.

Step 5

Drying Cost & Auction Commission for Farm Side

Efur will procure drying services from Norpol Pelting Cambodia. The current drying cost is 1.6 euros per skin, to be deducted from sales proceeds.
Efur will charge a commission of 1.4 euros per skin to farms, deducted from sales proceeds after sales.
All outstanding drying costs will be collected upon completion of sales.

Step 6

Auction Organization & Costs Allocation

Efur will provide farms with online auctions and private sales. Auction dates are not fixed. Once skins are ready for sale, Efur may hold auctions monthly or more frequently from April to December each year, based on market conditions.
Efur will offer skins to buyers at a starting price equal to the farm-authorized minimum price plus accumulated costs. These accumulated costs include VAT, tanning costs, and all transportation costs from farms to China. Buyers shall pay these total costs as part of their bid during the auction.
After deducting the above costs, any surplus from the auction sale will be credited to the farm.
If bid prices fall below the auction starting price, skins will not be sold without further authorization from farms.

Step 7

Skin Storage & Sales Timeline

Unsold skins will be stored free of charge in Efur’s warehouse in China for one year from the date of the first price recommendation issued to the farm.
Efur and farms shall periodically agree on reasonable market prices. Skins should be sold within nine months from the date of the first price recommendation. If skins remain unsold after nine months, farms must prepay transportation, drying, and tanning costs. Efur will reimburse these costs if the skins are sold at a later date.
Efur shall not be liable for damage to skins that become unsuitable for storage after two years.

Step 8

Efur Consignor Online Account

A dedicated online account will be created for each farm once Efur receives the packing list and signed consignment contract.
Through their online accounts, farms may access detailed reports including skins flow status, sorting reports, sales results, inventory, payment settlements, price authorization records, loan information, and more.
Efur will provide sorting reports for each shipment from each farm. Farms may authorize or revise sorting reports via their online accounts.
Efur will provide sales price recommendations to farms. Farms may authorize or adjust their minimum acceptable prices via their online accounts.

Step 9

Loan Facility

Efur may arrange loans of up to 50% of the assessed value of skins. Valuations will be conducted in Cambodia.
The loan term is nine months from the date the principal is disbursed to the borrower.
Loan availability and terms are at the sole discretion of the lender. All lending decisions are based on the lender’s independent judgment. The current annual interest rate is 8% for a nine- month CNY denominated loan (funds may be converted to euros upon disbursement to the borrower).

Step 10

Terms Summary

Pelting & Drying Cost (to be paid by farm)	● 1.6 Euro per skin (carcasses removed); ● Efur advances costs and recoups from sales proceeds
Trade Terms	FCA （Farm Location)
Shipment Deadline	Latest arrival in Cambodia:September 10 (for same-year sales in China)
Sorting	● Inter-farm sorting or farm-specific lots (per farm request and volume); ● sorting report authorization required for farm lots
Price Recommendation & Authorization	● Farms authorize minimum acceptable prices prior to auctions; ● Efur provides price suggestions bench marked against Other Auction prices or latest China Market Prices.
Efur Commission on farm side (to be paid by farm)	1.4 Euro per skin
Warehousing	Free storage for one year from the first price recommendation
Dressing & Transportation Costs (to be paid by buyers if skins sold)	● Buyer bears all costs if skins are sold within nine months of the first price recommendation; ● farm prepays costs if unsold after nine months (costs reimbursed upon later sale)
Loan (CNY)	Up to 50% of valuation; 8% annual interest rate