ORION-T LTD discusses FOB, CIF and CFR supply arrangements depending on the product, loading location, destination and applicable transaction requirements.
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Petroleum Product Supply Terms
FOB, CIF and CFR are the primary delivery terms discussed for petroleum product supply, depending on the product, loading location, destination, quantity, logistics and transaction requirements.
ORION-T LTD reviews each petroleum supply requirement individually. The applicable delivery term, loading point, destination, pricing basis and other commercial conditions are confirmed as part of the transaction.
FOB Petroleum Supply
FOB — Free On Board
FOB supply is used where the buyer takes responsibility for the main transportation from the agreed loading point.
For an FOB petroleum requirement, the buyer should provide:
- Product and specification
- Required quantity
- Preferred loading port or location
- Loading window
- Vessel or logistics requirements where applicable
- Any inspection or documentation requirements
The specific loading location, product availability, quantity and commercial terms must be confirmed before a transaction can proceed.
An FOB request does not by itself represent a confirmed cargo or allocation.
CIF Petroleum Supply
CIF — Cost, Insurance and Freight
CIF supply is used where the shipment is arranged to the buyer's named destination port with the applicable freight and insurance included according to the agreed transaction terms.
For a CIF petroleum requirement, the buyer should provide:
- Product and specification
- Required quantity
- Destination country
- Destination port
- Required delivery window
- Receiving or terminal requirements where applicable
- Inspection and documentation requirements
The applicable freight, insurance, destination and commercial pricing are determined for the specific transaction.
CFR Petroleum Supply
CFR — Cost and Freight
CFR supply is used where freight to the agreed destination port is included in the transaction, while insurance is handled according to the agreed commercial arrangement.
For a CFR petroleum requirement, buyers should provide:
- Product and specification
- Required quantity
- Destination port
- Delivery window
- Receiving requirements
- Inspection requirements where applicable
The applicable loading point, freight arrangement, destination and commercial terms are confirmed during the transaction review.
Supply Terms by Transaction
FOB, CIF and CFR are not automatically available for every product or destination.
The applicable supply term depends on:
- Product
- Grade or specification
- Quantity
- Loading location
- Destination
- Delivery window
- Freight and logistics requirements
- Receiving terminal requirements
- Applicable transaction conditions
ORION-T LTD reviews these factors before confirming whether a particular supply arrangement can be considered.
Product Availability
A preferred delivery term does not confirm product availability.
Petroleum supply opportunities are subject to current availability, specification, quantity, loading arrangements, destination and other transaction requirements.
Submitting an enquiry allows the requirement to be reviewed. It does not reserve product, create an allocation or constitute a confirmed offer.
What Buyers Should Provide
To help the supply team review a petroleum supply requirement, qualified commercial buyers should provide:
- Company name and contact details
- Product required
- Product specification or grade
- Quantity
- Destination country
- Loading or discharge port where applicable
- Preferred term — FOB, CIF or CFR
- Required delivery window
- Spot or recurring requirement
- Receiving or terminal requirements
- Any specific inspection or documentation requirements
An initial enquiry does not require an ICPO. Formal commercial documentation can be addressed if the requirement progresses.
Supply Terms and Pricing
FOB, CIF and CFR describe the delivery basis; they are not fixed petroleum prices.
The commercial price for a particular requirement may depend on the product, specification, quantity, loading location, destination, freight, insurance, market conditions and other agreed transaction conditions.
The applicable price and commercial terms are therefore confirmed only for the specific transaction under review.
Submit a Petroleum Supply Request
Qualified commercial buyers can submit a petroleum product requirement for review.
Provide the product, specification, quantity, destination, preferred supply term and delivery window so the supply team can assess the requirement.
Submit Purchase Request View Markets
Frequently Asked Questions
Yes. Buyers can submit an FOB requirement with the product, specification, quantity, proposed loading location and required loading window.
Yes. A CIF requirement should include the product, specification, quantity, destination port and required delivery window.
Yes. Buyers can submit a CFR requirement with the product, specification, quantity, destination port and delivery requirements.
No. The delivery term is only one part of the transaction. Product availability, specification, quantity, loading arrangements, destination and other commercial conditions must also be reviewed.
No. An initial requirement can be submitted for review without an ICPO. Formal documentation may be requested later if the transaction progresses.
No. A submitted requirement is an enquiry for review and does not reserve product or constitute a confirmed allocation or quotation.