Price Calculator — FOB/CIF Build-Up

Inputs

Benchmark & Build-Up

Published benchmark (flat price)

Benchmark unit

Differential (+/−, same unit as benchmark)

Product density (t/m³)

Freight basis

Charter lumpsum freight (USD)

Cargo size (MT)

Insurance premium rate (%, applied to 110% of C+I)

Seller demurrage/financing buffer ($/MT)

Result

Price Build-Up

Live calculation

Benchmark—

Benchmark equivalent—

Differential—

FOB load port—

Freight—

Subtotal (C+I basis)—

Insurance, ICC(A)+war—

Buffer—

CIF delivery port—

Equivalent—

Total cargo value—

Indicative only. Recompute against the live benchmark before issuing or accepting any offer, and price against the contract's agreed pricing window — typically a 5-day average around Bill of Lading date — not the day you run this calculator. This mirrors the logic of our internal oil_price_calc.py tool.

Command Line Version

Same Build-Up, From Your Terminal

python3 oil_price_calc.py --benchmark 1219.50 --unit mt --differential -8 \ --density 0.840 --freight-lumpsum 1700000 --cargo 37000 \ --insurance-rate 0.0015 --buffer 3

The calculator above and the oil_price_calc.py script we use internally share the same formulas, described in full in the Oil Pricing Guide.

Download oil_price_calc.py

Benchmark & Build-Up

Price Build-Up

Live calculation

Same Build-Up, From Your Terminal

Ready to price a real cargo?