INTEL
Status: blockedCLUSTERNovorossiysk-Turkish-Med Dark Fleet Cluster added — confirmedStatus: blockedCLUSTERPinnacle Petrol LLC added — likelyStatus: blockedCLUSTERSimar Chahal added — confirmedStatus: blockedCLUSTERSSW Kafcima added — likelyStatus: blockedCLUSTERNW Corp Singapore added — likelyStatus: pendingCORPUS429 entities · 64 countries
All terms

Shipping & logisticsincoterms

Incoterms

Standardised international commerce terms published by the ICC, defining risk/cost split.

Incoterms (current edition: Incoterms 2020) are standardised three-letter terms published by the International Chamber of Commerce (ICC). They define who pays for what and where risk passes from seller to buyer.

For oil the most common are: FOB, CFR, CIF, and less often DAP/DPU at discharge.

Incoterms do NOT cover payment, title transfer, or force majeure — that's all in the SPA.

Related: FOB, CFR, CIF, SPA.

See also

fobcfrcifspa

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