This is to acknowledge our receipt of the application of Shandong Port Group Co., Ltd. to be the Designated Delivery Storage Facility for INE Low Sulfur Fuel Oil (LSFO) futures. In accordance with the Delivery Rules of the Shanghai International Energy Exchange and other applicable rules, we hereby decide as follows:
We approve Shandong Port Group Co., Ltd. to be the designated delivery storage facility for INE Low Sulfur Fuel Oil (LSFO) futures.
As of the date of this notice, we approve the depot of Shandong Port Group Co., Ltd. (The Liquid Chemical Terminal Liquefaction Storage Area of Qingdao Shihua Crude Oil Terminal Co., Ltd.), located on North of Liaohe Road, Huangdao Subdistrict Office, Huangdao District, Qingdao, Shandong Province, to be the storage site of INE Low Sulfur Fuel Oil (LSFO) futures, with an active storage capacity of 40,000 tons and an approved storage capacity of 150,000 tons.
All concerning parties shall attach great importance to relevant business, so as to guarantee the normal and sound delivery.
Shanghai International Energy Exchange
June 21 , 2021