Export
6 min read · AuriOliya
Incoterms 2020 explained for oil importers
Incoterms define exactly where our responsibility ends and yours begins. Choosing the right one controls your cost, risk and paperwork.
Why Incoterms matter
Incoterms 2020 are the international rules that split freight, insurance and risk between seller and buyer. Getting the term right avoids surprises at the port and keeps landed cost predictable.
The terms we quote
We commonly quote EXW (you collect), FOB (we load at port), CIF (we arrange freight and insurance to your port) and DAP (we deliver to a named place in your country).
Choosing the right term
New importers often prefer CIF or DAP because we manage the main freight; experienced importers with their own forwarders usually choose FOB for control and cost.
| Term | Freight arranged by | Risk transfers |
|---|---|---|
| EXW | Buyer | At our works |
| FOB | Buyer (main freight) | On board vessel |
| CIF | Seller | On board vessel |
| DAP | Seller | At named destination |
Want a delivered price?
Send your port and preferred Incoterm for a firm quotation.
Keep reading
Independent standards and guidance relevant to this page:
ICC Incoterms® 2020 rules