Buyer Process
Title Transfer, Inspection, and Delivery in Petroleum Transactions
PetroIntermediation TeamBuyer Process Guides
Title transfer is governed by the chosen Incoterm:
- FOB: at vessel rail at load port.
- CIF / CFR: at vessel rail at load port (risk shifts even though seller pays freight).
- DAP / DES: at named destination.
Inspection at load port is performed by SGS, Intertek, or Saybolt. The Bill of Lading is the title document. Get the full title-and-risk matrix at petrointermediation.com.
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