PRODUCT

I.Delivery-Related Fee Items and Fee Rates

1.   Storage fees are 3 yuan / ton • day and shall be collected by the Designated Delivery Storage Facility from the commodity owner or its authorized representative. INE reserves the right to adjust the rate of storage fees through announcements in view of market development.

2.   The delivery fee for LSFO futures contracts will temporarily be updated to 0 from the date of listing to January 8, 2021.

3.  Inspection fees shall be collected at the prevailing rate by Designated Inspection Agencies (with reference to the time of load-out) from the commodity owner or its authorized representative.

4.   Other fees, such as port dues, port construction fees, and loading and unloading fees, shall be collected at the prevailing rate by relevant authorities  (with reference to the time of load-out)from the commodity owner or its authorized representative.

II.Premiums and Discounts
III.Designated Delivery Storage Facilities

No premium or discount is stipulated between LSFO which meets or exceeds required quality standards.

 INE will pay close attention to changes and trends of the LSFO market, and adjust delivery grades, quality regulations, premiums and discounts in a timely manner.

The table below lists current Designated Delivery Storage Facilities for LSFO futures and their contact information: