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原油基本知识——In a situation where the loadin deadline is missed due to port congestion, can the seller request in advance for relaxing the delivery window?

时间:2025-06-11

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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