CIF
Cost, Insurance & Freight
Seller delivers to the buyer's discharge port with freight and insurance arranged. The most common structure for fuel cargoes placed with end buyers.
FOB
Free On Board
Buyer lifts product at the load port or storage hub with their own vessel. Preferred by trading desks with chartering capability.
TTT
Tank-to-Tank Transfer
Product transfers between leased tanks within the same storage terminal — fast, verifiable and common in hub-based transactions.
TTO
Tanker Take Over
Buyer takes over a loaded vessel at anchorage after inspection. Suited to buyers who want product already on the water.