Modelled ranges describe deterministic input scenarios, not bid/ask quotes or confidence intervals. Methodology
How crude oil landed cost is calculated
For this calculator, landed cost means an indicative seaborne delivered cost for a physical crude cargo at destination, rather than at the loading port. It is built from published FOB crude prices in USD/bbl plus ocean freight and the other voyage costs that apply to the selected destination, tanker class and cargo size. Import duties, destination terminal charges and other local costs are not included unless explicitly stated.
FOB crude price + ocean freight + applicable war-risk and route costs + cargo insurance = indicative delivered cost.
Ocean freight comes from CommodityScope dirty tanker assessments. Rates published in USD/mt are converted to USD/bbl with a grade-specific barrels-per-tonne factor. War-risk premium and verified route costs that are not already inside the freight rate are added only when they apply, such as Black Sea war risk or Turkish Straits costs. Cargo insurance is included as a modelled component, not as a broker quote.
The result is an indicative delivered cost in USD/bbl. It is not a live fixture, a firm offer or a published destination-market assessment. A published route basis matches the stated loading area, vessel class and cargo basis; the discharge may still be a regional destination rather than a named port. A regional freight proxy uses a broader origin or destination region, so the figure remains indicative delivered cost rather than CIF.
Physical grade pages show one default scenario. This tool compares the remaining supported destinations and tanker combinations. Loading month and delivery scenario are selected separately: delivered cost uses the selected FOB snapshot. Future-loading crude paired with current freight is a spot-freight scenario, not a forward freight commitment.
Frequently asked questions
What is crude oil landed cost?
For this calculator, landed cost refers to the modelled seaborne delivered cost described on this page: an indicative delivered cost for a physical crude cargo at destination, obtained by adding ocean freight and other applicable voyage costs to the loading-port FOB price. The result is expressed in USD/bbl and excludes import duties, destination terminal charges and other local costs unless explicitly stated. It is not a live quote and not a published CIF.
How is crude oil freight converted to USD/bbl?
Dirty tanker freight is assessed in USD per metric tonne. The calculator converts that rate into USD/bbl using a grade-specific barrels-per-tonne reference, then adds the freight to the FOB crude price. The conversion reference for each scenario is shown in the calculation details.
Does the calculator include marine insurance?
Yes. Each modelled scenario includes cargo insurance of 0.05% of an insured value equal to 110% of the modelled delivered cost. This is a fixed versioned model assumption, not an observed marine-insurance quote.
Is indicative delivered cost the same as CIF?
No. CIF is an Incoterms® rule applied to a named port of destination under contractual carriage and insurance terms. Indicative delivered cost is a modelled value built from FOB plus freight, applicable extras and modelled insurance; it should not be interpreted as a published CIF price or a firm commercial quotation. Some scenarios use a regional freight basis rather than a named-port freight series, and even a published route basis may discharge to a regional destination rather than a named port, so results stay labelled indicative delivered cost.