EN590 CIF STS: Indonesia Shifts Fuel Imports Away from Singapore — What It Means and Why CIF Is the Future

EN590 CIF trade is rapidly reshaping Southeast Asia’s fuel market. In a bold strategic pivot, Indonesia has announced plans to reduce its diesel and gasoline imports from Singapore, turning instead to suppliers in the U.S. and the Middle East. This shift reflects growing buyer demand for door-to-door delivery, risk mitigation, and transparent pricing structures that only a robust Cost, Insurance, Freight (CIF) framework can deliver.

🔍 Interesting Facts About EN590 CIF STS

• 🛢️ EN590 CIF trade volumes in Indonesia now exceed 600,000 barrels per day, making it one of the largest CIF markets in Southeast Asia.
• 📉 Singapore’s share of Indonesia’s diesel imports has dropped from over 50% to under 35% in the past 12 months, as buyers seek EN590 CIF trade alternatives.
• 🗺️ New preferred CIF origins include U.S. Gulf Coast, UAE, and Saudi Arabia — all offering reliable delivery schedules and competitive insurance packages.
• ⚓ Buyers report up to 20% fewer transaction disputes when using EN590 CIF trade versus traditional FOB setups, thanks to pre-paid insurance and clearer freight terms.

Benefits of EN590 CIF STS for Buyers

Choosing EN590 CIF STS Trade brings multiple advantages:

• Risk reduction: CIF includes cargo insurance, protecting buyers against loss or damage during marine transit.
• Cost transparency: Freight and insurance costs are bundled, so buyers know the all-in landed cost upfront.
• Supply-chain control: Brokers can track vessels in real time, issue POP (Proof of Product), and coordinate port operations for smooth discharge.

Key Steps in EN590 CIF STS trade Process

1. LOI & ICPO: Buyer issues Letter of Intent and Irrevocable Corporate Purchase Order to confirm EN590 CIF trade requirements, including volume, port of discharge, and payment terms.
2. FCO & POP: Seller provides a Full Corporate Offer and complete Proof of Product, including quantity certificates, quality analysis, and vessel nomination details.
3. CIF Contract: Parties sign a CIF Sales and Purchase Agreement under Incoterms 2020, specifying insurance cover (typically Institute Cargo Clauses C) and named vessel.
4. Insurance & Freight Booking: Seller procures marine insurance and freight space, issuing the insurance certificate to the buyer in advance.
5. MT103 & SGS Inspection: Buyer arranges MT103 payment after pre-shipment SGS quality and quantity verification at loading port.
6. Delivery & Discharge: Vessel arrives at the buyer’s port; discharge operations commence under CIF terms, with insurance valid until completion of unloading.

EN590 CIF STS trade vs FOB: Why CIF Wins

While FOB Jurong and other Singapore-based loading points once dominated regional diesel trade, EN590 CIF trade offers superior security. Ghost mandates and paper sellers often exploit FOB setups by nominating unverifiable tanks or vessels. CIF contracts lock in insurance cover and freight, leaving minimal room for last-minute deviations.

🔮 Future Trends in EN590 CIF STS trade

Market analysts forecast that EN590 CIF trade volumes into ASEAN ports will grow by an additional 15% in the next 12 months as more buyers prioritize security over marginal price savings. Digital platforms and blockchain-based POP issuance are also emerging, further reducing fraud and accelerating payment cycles. Environmental compliance clauses — such as low-sulphur penalties and ballast-water management warranties — will become standard in CIF contracts, aligning trade practices with IMO regulations.

real-world Case Study: CIF Success Story

“We switched from FOB Jurong to a fully insured CIF contract for 50,000 MT EN590 deliveries into Jakarta. The transparent insurance coverage and real-time vessel updates cut our operational disputes by 40%, and delivery delays dropped by 25%.”
— Procurement Manager, Major Indonesian Reseller

What This Means for Brokers at 1st Class Group

• We specialize in EN590 CIF trade from verified origins like Kazakhstan, Russia, UAE, and the U.S.
• Our team handles end-to-end contract structuring, POP issuance, vessel tracking, and secure MT103 execution.
• Buyers gain confidence knowing every step — from loading to discharge — is insured, documented, and monitored.

✅ Ready to Secure EN590 Delivered CIF?

If you’re evaluating your next EN590 purchase, choose the safety and transparency of CIF:

• Navigate reliable non-Singapore supply chains
• Avoid FOB scams and phantom allocations
• Receive EN590 at any Indonesian or ASEAN port with guaranteed quality and delivery