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BackHainan's first "two ends outside" bonded aviation kerosene inspection business that complies with international standards has been launched
Hainan's first "two ends outside" bonded aviation kerosene inspection business that complies with international standards has been launched
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中国新闻网16 minutes agoBusiness2 min readChinaView original

Hainan's first "two ends outside" bonded aviation kerosene inspection business that complies with international standards has been launched

Quick Look

  • On November 13, Hainan’s first international standard inspection business for bonded aviation kerosene with “two ends outside” was launched in Yangpu.
  • The policy was jointly issued by four ministries and commissions, aiming to improve the level of trade facilitation in the Hainan Free Trade Port and significantly reduce customs clearance and logistics costs for enterprises by aligning with international inspection standards.

AI-generated summary

Why It Matters

The four ministries and commissions jointly issued a notice clarifying that aviation kerosene entering the Hainan Free Trade Port bonded site and re-exported will be inspected in accordance with international standards.

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China News Service, Hainan Yangpu, November 13 (Zhou Aiyu) On November 13, under the supervision of Yangpu Customs under Haikou Customs, the Lichi vessel carrying 32,500 tons of overseas aviation kerosene successfully docked at the refined oil terminal of Sinopec (Hong Kong) Hainan Petroleum Co., Ltd., and the customs implemented inspection and clearance in accordance with relevant international standards.

This marks the official launch of Hainan's first "two ends outside" bonded aviation kerosene inspection business that conforms to international standards, further activating new momentum for regional energy bonded trade.

In order to continue to improve the level of trade liberalization and facilitation of the Hainan Free Trade Port, the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Ecology and Environment, and the General Administration of Customs recently jointly issued the "Notice on Further Improving the Level of Trade Liberalization and Facilitation of the Hainan Free Trade Port", which clarifies that aviation kerosene entering the Hainan Free Trade Port's bonded supervision premises from abroad and used for re-export in independent bonded storage facilities will be inspected in accordance with international standards.

In order to ensure the efficient and smooth implementation of the business, Haikou Customs carries out policy publicity and business guidance, clarifies the applicable boundaries of the policy, warehousing management, inspection standards and write-off specification requirements, develops tailor-made special supervision plans, guides and urges enterprises to strictly implement the main responsibilities of safety production, standardizes the operation process, and improves the risk prevention and control mechanism. During the operation, on-site supervision is carried out in accordance with regulations to ensure that goods "enter in a standardized manner, transfer in an orderly manner, and exit smoothly."

The relevant person in charge of the company said that this policy adapts to the company's cross-border jet fuel transfer business needs, and the inspection standards are fully in line with the international market, significantly reducing the company's customs clearance and logistics costs.

Haikou Customs stated that the landing of the first order has enriched the bonded warehousing and transit distribution business of Yangpu oil products, and further enhanced the service capabilities of Hainan Free Trade Port’s energy logistics hub.

Open Questions

  • What are the expected future trade volumes for this type of business?

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This article was originally published by 中国新闻网.

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