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Shipowners laud moves to rejig Nigeria’s oil trading terms

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Shipowners laud moves to rejig Nigeria’s oil trading terms

Vincent Toritseju 22 January 2018, Sweetcrude, Lagos — Plans by the Federal Government to change Nigeria’s crude oil trading terms from Free-On-board (FOB) to Cost, Insurance and Freight (CIF) has received the commendation of the country’s indigenous ship owners. Sale of Nigeria’s crude oil have been on FOB terms for more than 50 years. Under …

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Shipowners laud moves to rejig Nigeria’s oil trading terms Shipowners laud moves to rejig Nigeria’s oil trading terms Reviewed by Crude Oil Facilitators on 22:04 Rating: 5

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