Blog
5 min read
FOB (Free On Board): what it means in grain trade
FOB is the most common basis for grain sold from Black Sea ports. Here is what the seller and the buyer each cover, when risk passes and what to check in an FOB contract.
Read more7 min read
Incoterms 2020: a guide to the 11 rules for grain traders
Incoterms 2020 define where the seller delivers, when risk passes and who pays for transport. Here are all 11 rules, what changed in 2020 and which rules grain traders use most.
Read more5 min read
Top wheat exporters in 2026: who ships the world's wheat
Seven countries ship over 80% of the world's traded wheat. Here is the 2026/27 ranking based on the latest USDA forecast, what changed this season and what it means for buyers of Black Sea wheat.
Read more5 min read
CIF (Cost, Insurance and Freight): what it means in grain trade
Under CIF the seller pays for freight and insurance to the destination port, but risk passes to the buyer at loading. Here is how CIF works for bulk grain and what to check in the contract.
Read more