Definition of Flash point and Fire point

Flash Point:

Flash  point  is  the  temperature  at  which  a
flammable  liquid  will  produce,  with  a  standard
standardized  apparatus  and  procedure,  a
mixture  of  its  vapor  and  air  which  will  ignite  to
give a visible flash by contact with an open flame.

Fire Point:

Fire point  is the temperature at which the flash
will sustain itself as a steady flame for at least five
seconds.

The flash point and the fire point indicates the 

temperature below which oil can be handled 

without the danger of fire, otherwise they are of 

a little consequences.