Yes, a relaxation of the delivery window can be arranged. However,
sellers still need to adhere to the deadline for physical delivery
To prevent this situation from happening, the load-in application
is required to be submitted to the Exchange at least 30 days prior
to the actual load-in of goods. Once the load-in application is
approved, the oil tanker of the seller should be included in the
port unloading schedule. INE has requested all the designated
delivery storage facilities to prioritize the unloading of oil tanker
involved in making physical futures delivery. Thus if oil tanker
arrives at the discharging port on schedule, the unloading shall be
completed as scheduled. However, if the oil tanker fails to arrive
the discharging port in time, it loses its priority status and must
reschedule the unloading time with the port and queue in line
with other oil tankers carrying spot goods.
Crude oil kept in a floating storage for six months or longer is not
deliverable. An oil depot is entitled to not accept any crude oil the
source of which is questionable and not satisfactorily explained by
the load-in applicant.
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