Updated on Mar 21,2018

Notice Regarding the Delivery of Crude Oil Futures

To all Members and Overseas Special Participants,

To ensure a smooth listing process for crude oil futures, and in accordance with the Delivery Rules of the Shanghai International Energy Exchange, this notice is issued regarding the following matters concerning the physical delivery settlement of crude oil futures:

I. The Origin of Deliverable Crudes (Loading Ports)

1. United Arab Emirates Dubai Crude Oil: Fateh Terminal;

2. United Arab Emirates Upper Zakum Crude Oil: Zirku Island;

3. Sultanate of Oman Oman Crude Oil: Mina Al Fahal;

4. State of Qatar Qatar Marine Crude Oil: Halul Island;

5. Republic of Yemen Masila Crude Oil: Ash Shihr;

6. Republic of Iraq Basra Light Crude Oil: Basrah Oil Terminal or SPM;

7. People’s Republic of China Shengli Crude Oil: The place of origin will be announced separately.

The Shanghai International Energy Exchange will adjust the origin of deliverable crudes (loading ports) based on market conditions.

II. Fee Items and Rates of Delivery

1. Storage fees are 0.2 yuan / barrel • day and shall be collected by the Designated Delivery Storage Facility from the commodity owner or its authorized representative. INE reserves the right to adjust the rate of storage fees through announcements in view of market development.

2. Inspection fees shall be collected at the prevailing rate by Designated Inspection Agencies from (with reference to the time of load-out) the commodity owner or its authorized representative.

3. Other fees, such as port dues, port construction fees, loading and unloading fees shall be collected at the prevailing rate by relevant authorities from (with reference to the time of load-out) the commodity owner or its authorized representative.

III. Designated Delivery Storage Facilities

The table below lists current Designated Delivery Storage Facilities for crude oil futures and their contact information:

No.	Name	Office Location	Storage Name	Storage Location	Contact	Telephone	Fax
1	Sinopec Petroleum Reserve Co., Ltd.	Suite 2030, 22 Chaoyangmen North Avenue, Chaoyang District, Beijing	Rizhao Base	Lanshan North Port Area, Rizhao, Shandong	Wang Peng, Ji Xianda	010-59969336 13521953358 010-59969370 15911175216	010-59760206
2	Sinopec Petroleum Reserve Co., Ltd.		Cezidao Reserve	Cezi Island, Zhoushan, Zhejiang	Wang Peng, Ji Xianda	010-59969336 13521953358 010-59969370 15911175216	010-59760206
3	PetroChina Fuel Oil Company Limited	18/F, Building B, Baoneng Center, 10 Futong East Avenue, Wangjing, Chaoyang District, Beijing	Ningbodaxie Branch	16 Tianwan Road, Daxie Development Zone, Ningbo, Zhejiang	Zhang Haifeng, Li Jian	0574-86750918 15869586195 0574-86750936 15257403615	0574-86750909 0574-86750933
4	PetroChina Fuel Oil Company Limited		Zhanjiang Branch	Operating Area 2, Zhanjiang Port, 1 Youyi Road , Xiashan District, Zhanjiang, Guangdong	Shi Jinming, Li Long	0759-2658098 15889832944 0759-2658113 13726907857	0759-2658109
5	Sinochem-Xingzhong Oil Staging (Zhoushan) Co., Ltd.	Sinochem- Xingzhong Administration Zone, East Lincheng Aoshan Bridge, Dinghai District, Zhoushan, Zhejiang	Sinochem-Xingzhong Aoshan Depot	Aoshan Island, Lincheng, Dinghai District, Zhoushan, Zhejiang	Xiao Bin, Wang Kaiwei	0580-2061786 13906807550 0580-2061859 13646500154	0580-2036444
6	Dalian PetroChina International Warehousing & Transportation Co., Ltd.	19/F, Liyuan Building, 16 Mingze Street, Zhongshan District, Dalian, Liaoning	Dalian PetroChina Bonded Depot	31 Hainian Road, New Port, Dalian Bonded Zone, Dalian, Liaoning	Ma Lei, Ge Wenyuan	0411-82828807 13840975333 0411-82828891 13390533777	0411-82828406
7	Yangshan Shengang International Oil Logistics Co., Ltd.	Blocks DEF, 14/F, Huarun Times Square, 500 Zhangyang Road, Pudong New Area, Shanghai	Yangshan Depot	Shenjiawan, Yangshan Deep-Water Port, Shanghai	Dong Wei, Xu Tingting	021-68405123 13788931707 021-68405060 15921888108	021-68405190

IV. Designated Inspection Agencies

The table below lists current Designated Inspection Agencies for crude oil futures and their contact information:

No.	Name	Office Location	Contact	Telephone	Fax
1	China Certification & Inspection Group Inspection Co., Ltd.	17/F, Sanyuan Building, 18 Xibahe Dongli, Chaoyang District, Beijing	Chen Hong Gu Chen	010-84603658 13801063685 010-84603548 13810060886	010-84603183
2	SGS-CSTC Standards Technical Services Co., Ltd.	16/F, Century YuHui Mansion, 73 Fucheng Road, Haiding District, Beijing	Chen Zhou Zhao Qi	0574-89070154 13306678519 0755-26392411 13821643138	0574-87777875
3	Intertek Testing Services Shanghai, Co., Ltd.	Building T52-3-2 North, 1201 Guiqiao Road, Jinqiao Development Area, Pudong New Area, Shanghai	Guan Lianjun, Zhang Jian	0574-87836578 13306668721 0532-58715778 13869863179	0574-87840759
4	Technical Center for Industrial Products and Raw Materials Inspection and Testing, Shanghai Entry-Exit Inspection and Quarantine Bureau	1208 Minsheng Road, Pudong New Area, Shanghai	Zhang Jidong, Li Chen	021-67120903 13918256560 021-38620750 13331978879	021-67120902

Shanghai Futures Exchange

March 20, 2018