Shandong Port Qingdao Port completed the first low-sulfur fuel oil futures warehouse receipt direct supply business

Recently, with the completion of the 5,000-ton low-sulfur fuel oil futures to spot loading operation of the "Kangjin" ship, the first low-sulfur fuel oil futures warehouse receipt direct supply business of Qingdao Port of Shandong Port officially landed, opening up the whole process of Qingdao Port's domestic export tax rebate fuel oil from storage to futures warehouse receipt to bonded filling, and also marking the successful launch
of Qingdao local bonded ship bunkering business pilot carried out by Qingdao Port and Shandong Port Logistics Group.

The low-sulfur fuel oil used for direct supply of warehouse receipts comes from the 5,000-ton futures warehouse receipt cancelled by Sinopec Zhejiang Zhoushan Petroleum Co.
, Ltd.
in Qingdao Shihua Futures Library on November 7 this year, and the customer hopes that the spot after the cancellation can be directly supplied to bonded ships in Qingdao
.

The direct supply business of low-sulfur fuel oil futures warehouse receipts realizes that ship supply enterprises write off the futures warehouse receipts out of storage, and directly refill the bonded refueling of ships on international routes, making up for the shortcomings that the delivery oil can only be transferred to other places for oil supply, and customers do not need to pour the futures into the spot tanks they rent, which not only saves storage costs, shortens the oil supply process, but also attracts more local ship supply enterprises to participate in the bonded refueling business of futures deliverables.
Bonded marine fuel industry chain enterprises have also gained the opportunity to participate in the
domestic export tax rebate fuel oil trade link.

It is understood that the business team of Qingdao Port Oil Port Company held a special meeting to study the plan at the first time, guided by customer needs, submitted the business application of "distribution and collection" to Huangdao Customs, and communicated with the business team of the logistics group to give full play to the synergy advantages and jointly complete the business customs declaration work
.
After receiving the application from the enterprise, the bonded warehouse management department of Huangdao Customs also actively understood the relevant situation and jointly promoted the smooth landing
of this business.
The entire bunkering process is operated under the supervision of Huangdao Customs, which ensures that the operation process is legal and compliant
.

In the next step, Qingdao Port will continue to improve service quality, continue to dig deep into business growth points, and make new and greater contributions
to the high-quality development of Shandong Port and the economic development of the service region.