Understanding the CIF Fuel Trade Process: What Serious Buyers Need to Know
In today’s volatile energy market, credibility matters more than ever. For buyers looking to secure refined petroleum products—such as Jet A1, EN590, D2, LPG, or Mazut—the CIF (Cost, Insurance, and Freight) model is a trusted method of delivery. But it’s also one of the most misunderstood.
At Okasi Oil & Gas, we’ve facilitated secure, verifiable CIF transactions across multiple continents. In this briefing, we clarify how the process works—and what buyers must prepare to avoid wasting time or compromising their capital.
What Does CIF Actually Mean in Fuel Trading?
Under CIF terms, the seller is responsible for:
Supplying the product from a verified refinery or terminal
Covering the shipping and insurance costs to the buyer’s designated port
Ensuring the product is inspected (usually by SGS or equivalent) before and during discharge
The buyer, in turn, is responsible for:
Providing financial instruments (e.g., SBLC, DLC) after due diligence
Ensuring timely customs clearance
Receiving the cargo with inspection confirmation
CIF = Trust, Documents, and Timing. No shortcuts.
Why Many CIF Deals Fail Before They Start
Lack of KYC
Serious facilitators require the buyer’s full profile—including company registration, recent transactions, and financial capacity—to begin vetting.Unrealistic Expectations
If you’re looking for CIF with no proof of funds or procedures, you’re not ready. The seller won’t move without credible buyer-side intent.Long Broker Chains
Each additional layer reduces transparency. At Okasi, we work with short, clean communication lines and verified mandates only.
Key Documents to Prepare as a Buyer
If you’re new to this market or shifting suppliers, here’s what most legitimate CIF deals require:
ICPO (Irrevocable Corporate Purchase Order)
Buyer KYC (including company profile, registration, passport of signatory)
Proof of Funds (BCL, RWA, or equivalent)
NCNDA/IMFPA (to protect intermediaries and mandate positions)
Acceptance of Seller Procedure (if applicable)
We will never expose our suppliers before verification and payment readiness. Confidentiality is not optional—it’s mandatory.
Our Role as Facilitator: What We Do (and Don’t Do)
As facilitators, Okasi Oil & Gas:
Verifies both sides before connecting them
Operates under strict NDA and compliance guidelines
Ensures product availability, documentation, and delivery feasibility
We do not:
Entertain unvetted offers
Disclose terminal or supplier data prematurely
Allow chains that compromise the flow of communication
Why Buyers Trust Okasi Oil & Gas
- Deals executed across Dubai, Lomé, Abidjan, and Cotonou
- Access to multiple refined petroleum products
- Vetted mandate and refinery-level coordination
- Focus on clean procedures, verified supply, and delivery execution
Ready to Engage?
If you’re a qualified buyer—or represent one—reach out. We review all inquiries under NDA and respond to verifiable opportunities only.