(1) Bonded delivery. Clients who cannot issue or receive 

tax invoices cannot participate in the delivery of LSFO 

futures.

(2) No commodity registration required. Low sulfur marine 

fuel involved in physical delivery shall meet the quality 

standards specified by INE. Aside from the various 

international and domestic quality standards for LSFO, 

INE additionally checks for cleanness, phenol and styrene 

contents, and, where mixed tank storage is involved, 

compatibility (checked before load-in), to ensure only 

high-quality deliverables enter the futures market.

(3) Bonded standard warrants are valid for six months 

from the next month of their creation. Upon expiration of 

a bonded standard warrant, the underlying commodities 

shall be converted to spot products.

(4) Minimum load-in and load-out quantity. The minimum 

load-in quantity for LSFO is 5,000 metric tons, the 

minimum load-out quantity is 1,000 metric tons, unless the 

load-in and load-out quantity otherwise agreed between 

the owner and the Designated Delivery Storage Facility.

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