Why Choose CIF With TOO Crude Oil?
Under CIF (Cost, Insurance & Freight) terms, we handle the full export logistics chain — from terminal to your nominated discharge port. This is the preferred delivery mode for buyers who wish to minimise operational complexity, particularly national oil companies, government buyers, and import-dependent distributors.
Our CIF petroleum supply covers all products: crude oil, EN590 diesel, Jet A1, gasoline, and bunker fuel. We operate from four strategic terminals (Rotterdam, Houston, Fujairah, Jurong) to ensure shortest transit times and most competitive freight rates to any destination.
Every CIF shipment is accompanied by SGS or Intertek inspection documentation and full banking-grade shipping documents, ensuring smooth letter-of-credit processing and trade finance compliance.
CIF SUPPLY AT A GLANCE
Products Available on CIF Terms
CIF delivery of REBCO and CPC Blend crude oil. Aframax to VLCC vessel sizes. Pricing on Platts Urals or Dated Brent basis.
CIF EN590 diesel 10 PPM to European, African, and Asian ports. SGS inspected at load port.
CIF Jet A1 aviation fuel from Fujairah and Rotterdam. ASTM D1655 / DEF STAN 91-091 compliant.
CIF motor gasoline EN228 compliant. Ideal for West Africa, Latin America, and developing market importers.
CIF marine bunker fuel to major bunkering ports. IMO 2020 compliant VLSFO also available.
Liquefied Natural Gas CIF supply from Kazakhstan fields. Available for long-term off-take agreements.
CIF Supply Process
Buyer submits ICPO or formal inquiry. Seller conducts KYC and due diligence on buyer entity.
Sales and Purchase Agreement signed with full terms: product spec, quantity, price formula, load port, CIF destination, and payment terms.
Seller nominates vessel and arranges freight. Cargo is booked to buyer's nominated discharge port. Insurance arranged per CIF Incoterms 2020.
SGS or Intertek inspects cargo at load port. Certificate of Quality and Certificate of Quantity issued before vessel departure.
Full document set: Bill of Lading, CoQ, CoO, Insurance Certificate, Packing List, and SGS Report transmitted to buyer or issuing bank.
Cargo arrives at buyer's port. Discharge quantity confirmed. Payment settled per LC or agreed payment terms.
Frequently Asked Questions
What does CIF mean in petroleum trading?
CIF stands for Cost, Insurance, and Freight (Incoterms 2020). Under CIF terms, the seller (TOO Crude Oil) pays for the cost of the product, arranges and pays for ocean freight to the named discharge port, and provides minimum cargo insurance. Risk transfers to the buyer when the cargo is loaded on the vessel at the load port.
Which discharge ports can you deliver CIF?
We can deliver CIF to any major deep-water port globally — including all major European ports (Rotterdam, Hamburg, Antwerp, Genoa), West African ports (Lagos, Abidjan, Lomé, Dakar), East African ports (Mombasa, Dar es Salaam), Middle Eastern ports (Fujairah, Jeddah, Aqaba), and Asian ports (Colombo, Karachi, Mumbai, Singapore, Shanghai).
How is the insurance arranged under CIF terms?
Under Incoterms 2020 CIF, we arrange marine cargo insurance with a reputable insurer covering minimum 110% of the cargo's CIF value. Buyers may request additional insurance coverage (e.g., all-risk instead of minimum cover) — this is negotiated at contract stage.
What documentation comes with a CIF cargo?
Standard CIF documentation includes: Original Bill of Lading (3/3), Commercial Invoice, Certificate of Quality (SGS/Intertek), Certificate of Quantity, Certificate of Origin, Insurance Certificate, Packing List, and Health Certificate where applicable. Additional documents can be provided per buyer bank requirements.
