{"id":473450,"date":"2022-03-05T11:47:15","date_gmt":"2022-03-05T06:17:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=473450"},"modified":"2022-03-05T12:52:35","modified_gmt":"2022-03-05T07:22:35","slug":"ioc-to-accept-russian-crude-oil-on-cost-inclusive-freight-basis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-to-accept-russian-crude-oil-on-cost-inclusive-freight-basis\/","title":{"rendered":"IOC to accept Russian crude oil on cost-inclusive freight basis"},"content":{"rendered":"<p>Indian Oil Corporation has set tougher terms for crude from Russia.<\/p>\n<p>In its latest tender issued this week, the state-owned refiner said it would accept Russian and Black Sea loading grades on a delivered at place (DAP) basis or cost-inclusive freight (CIF) basis. <\/p>\n<p>Previously, IOC purchased Russian and Kazakh crudes on either a free-on-board basis (FOB) and DAP basis.<\/p>\n<p>Crude from the Russian Urals, ESPO blend and Caspian CPC blend are purchased on DAP basis.<\/p>\n<p>Under FOB, it is the buyer who charts a vessel and lifts the crude from a terminal in the producing country and also pays for the cost of shipping the crude.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corporation has set tougher terms for crude from Russia. In its latest tender issued this week, the state-owned refiner said it would accept Russian and Black Sea loading grades on a delivered at place (DAP) basis or cost-inclusive freight (CIF) basis. Previously, IOC purchased Russian and Kazakh crudes on either a free-on-board basis (FOB) and DAP basis. Crude from the Russian Urals, ESPO blend and Caspian CPC blend are purchased on DAP basis. Under FOB, it is the buyer who charts a vessel and lifts the crude from a terminal in the producing country and also pays for [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-473450","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/473450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=473450"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/473450\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=473450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=473450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=473450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}