Monaco FOB Price CFP21G

The FOB price represents the cost of crude oil loaded onto a vessel at Monaco, excluding shipping, insurance, and import duties, with current tariffs adding approximately 15.1% to the base FOB value.

Understanding FOB Price

FOB (Free On Board) is the cost of goods including production, packaging, transport to the export port, export customs clearance, and loading onto the vessel. Once the oil is on the ship, all additional costs—such as ocean freight, insurance, and import tariffs—are borne by the buyer . For Monaco exports, the FOB price is the baseline cost per unit of crude oil before any U.S. import duties or fees.

Tariffs and Fees for Monaco Crude Oil

For shipments to the United States, Monaco crude oil is currently subject to a total tariff rate of 15.1%, which includes the MFN base rate of 0.1% and a Section 122 surcharge of 15% . Additional fees include:

• Merchandise Processing Fee (MPF): approximately $36.72 per $10,000 shipment
• Harbor Maintenance Fee (HMF): approximately $13.25 per $10,000 shipment For example, a $10,000 FOB shipment would incur $1,510 in duties, plus MPF and HMF, resulting in a total landed cost of roughly $11,510, representing a 15.1% increase over the FOB price .

Section 122 Expiration

Section 122 is scheduled to expire on July 24, 2026. If it is not renewed, the tariff on Monaco crude oil would drop from 15.1% to 0.1%, significantly reducing the total landed cost for importers . Buyers should monitor this development to optimize procurement timing.

Practical Implications

• The FOB price is the starting point for calculating total import costs.
• Tariffs and fees can add over 15% to the FOB value for U.S. imports.
• Timing shipments around Section 122 expiration could reduce costs.
• Buyers must also account for shipping, insurance, and inland transport beyond the FOB price. In summary, the Monaco FOB price for CFP21G crude oil is the base cost at the port, and current U.S. import duties and fees increase the effective landed cost by approximately 15.1% .