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Updated on Jul 26,2011

Notice on Release of the Newly Revised Detailed Rules for Inspection on Natural Rubber (Futures)

July 26th, 2011

The Technical Center for Industrial Products and Raw Materials Inspection of Shanghai Entry-Exit Inspection and Quarantine Bureau, China Certification & Inspection Group Shandong Co., Ltd. (Qingdao), Quality Supervision, Inspection and Testing Center for Natural Rubber of the Ministry of Agriculture (Hainan), Yunnan Quality Supervision and Inspection Station for Natural Rubber and Coffee Products (Kunming) and China Certification & Inspection Group Tianjin Co., Ltd. are the natural rubber quality inspection institutions designated by Shanghai Futures Exchange.

In accordance with relevant laws and regulations prescribed in Commodity Inspection Law and pertinent regulations in Amendments to Specifications for Natural Rubber Futures Contract by Shanghai Futures Exchange, in respect of the actual conditions in natural rubber delivery, the natural rubber quality inspection institutions designated by Shanghai Futures Exchange jointly revised the Detailed Rules for Inspection on Natural Rubber (Futures) in order to further normalize the inspection activities for natural rubber futures delivery. The rules have already been reported to Shanghai Futures Exchange for the record and are now announced to be effective.

The natural rubber quality inspection institutions designated by Shanghai Futures Exchange will whole-heartedly provide relevant parties involved in natural rubber futures trading with fair and accurate technical services for inspection and verification.

The Technical Center for Industrial Product and Raw Material Inspection of Shanghai Entry-Exit Inspection and Quarantine Bureau

China Certification & Inspection Group Tianjin Co., Ltd.

China Certification & Inspection Group Shandong Co., Ltd.(Qingdao)

Quality Supervision, Inspection and Testing Center for Natural Rubber of the Ministry of Agriculture (Hainan)

Yunnan Quality Supervision and Inspection Station for Natural Rubber and Coffee Products (Kunming)

Detailed Rules for Inspection on Natural Rubber (Futures)

Chapter Ⅰ General Principles

Article 1 These detailed rules are jointly formulated by the natural rubber quality inspection institutions designated by Shanghai Futures Exchange (hereinafter referred to as “quality inspection institutions”) in accordance with relevant stipulations set by Shanghai Futures Exchange so as to guarantee the normal operation of quality inspection services for delivery of natural rubber futures at Shanghai Futures Exchange and to normalize quality inspection activities for physical delivery.

Article 2 The quality inspection services for natural rubber delivery at Shanghai Futures Exchange are carried out in accordance with these detailed rules.

Article 3 These detailed rules are only applicable to quality inspection for natural rubber for futures delivery.

Chapter Ⅱ Inspection Process

Article 4 Acceptance of the application for inspection by quality inspection institution

(Ⅰ)Deliverable natural rubber product applied for quality inspection:

(1)Brand delivery for domestic natural rubber(SCR WF): The product must be produced by the manufacturers that are approved by and registered with the Exchange and must bear trademarks that are registered with the Exchange.

(2)Origin verification delivery for imported No. 3 Rubber Smoked Sheet (RSS3): The product must be produced by Thailand, Malaysia, Indonesia and Sri Lanka.

(Ⅱ)A legal person (i.e. the applicant) who applies for natural rubber quality inspection for futures delivery must provide the “Form of Stockpiling Conditions of Goods for Futures Delivery” issued by the designated warehouse. Entry time, name or code of producer, registered trademark, packaging specifications, date of production and storage position must be clearly indicated in the form.

(Ⅲ)The applicant must fill out and with official stamp seal the Letter of Confirmation on Consigned Inspection, which is made by the quality inspection institutions, for Futures Delivery, so as to file a written application to the quality inspection institutions for a consigned quality inspection on the goods for futures delivery.

 

(Ⅳ)The applicant must be owner of the goods or the authorized agent. The applicant shall apply to quality inspection institutions for inspection dealings over futures delivery after the entry of goods The agent, in applying for the inspection, must provide an authorization letter that is issued by the applicant.

Article 5 Implementation of inspection

(Ⅰ)The sampling inspection is implemented only once by the quality inspection institutions for goods applied for quality inspection

(Ⅱ)The quality inspection institutions determine the sampling date and notify the applicant after accepting the application for inspection. The inspection personnel shall verify the Letter of Confirmation on Consigned Inspection and the “Form of Stockpiling Conditions of Goods for Futures Delivery” at the storage site. Should material discrepancies, or conditions like darkened and moldy appearance of package, severe oxide spots, raw rubber intermingled, abnormal odor be found,, the inspection personnel is empowered to terminate the inspection and the applicant shall bear the responsibilities hereof.

(Ⅲ)After the consistency of the application documents with the goods is verified, the inspection lot shall be determined in accordance with the Detailed Rules for Delivery of Shanghai Futures Exchange, i.e. the size of an inspection lot is less than 100 tons (including 100 tons). If goods for inspections are more than 100 tons in size, multiple lot inspections shall be taken. The natural rubber of each inspection lot must consist of commodities of the same trademark and be packaged with the same specifications.

Article 6 Inspection method

(Ⅰ)The sampling and sample preparation for domestic natural rubber (SCR WF)shall be carried out in accordance with GB/T15340-2008. The sample package amount shall be in accordance with A.1 in Appendix A. The mixed laboratory sample is used for test in the quality inspection.

(Ⅱ)The items of quality inspection for domestic natural rubber(SCR WF)shall be carried out in accordance with GB/T8081-2008. In which, determination of volatile content shall be in accordance with GB/T24131-2009 (Oven Method A)

(Ⅲ)Quality inspection for RSS3 shall be carried out in accordance with the requirements as in Quality of Natural Rubber Grade and International Packaging Standard ( Green-back book) (The edition of 1979)

Article 7 Appraisal of inspection results

(Ⅰ)Appraisal of domestic natural rubber(SCR WF)

The mixed sample prepared for each inspection lot of standard rubber shall be inspected in accordance with the inspection method as in GB/T8081-2008. All the results of each quality item must be in compliance with the technical requirements for Technically Specified Rubber (TSR) in GB/T8081-2008.

(Ⅱ)Quality and grade appraisal of inspection lot of RSS3

Quality inspection of RSS3 and its appraisal shall be carried out in accordance with Quality of Natural Rubber Grade and International Packaging Standard ( Green-back book) (The edition of 1979)

Article 8 Issuance of quality inspection report

(Ⅰ)The quality inspection institutions shall issue the quality inspection report within five (5) business days since completion of on-site sampling (One (1) original and multiple copies).

(Ⅱ)Contents of quality inspection report for natural rubber (see the appendix)

Chapter Ⅲ Supplementary articles

Article 9 These detailed rules shall come into effect as of the date of publication after they are documented by Shanghai Futures Exchange.

Article 10 The natural rubber quality inspection institutions designated by Shanghai Futures Exchange (jointly) reserve the rights to interpret these rules.

Article 11 Matters that these detailed rules do not address shall be subject to relevant business rules of Shanghai Futures Exchange.

  Appendix:

Ⅰ. Contents of quality inspection report for domestic natural rubber (SCR WF)   

                        Application No.:

                             Date :

             Quality Inspection Report

Applicant:

Product Name:

Brand:

Packaging specifications:

Declared weight(Tons):

Date of production:

Sampling place:

Inspection results:

In response to the application by applicant, a representative sample was drawn at random for goods piled at the following sites by XX on (M) (D), (Y). After inspection, the results are as below:

           No. of storage location   Test value   Basis for inspection

Impurity(%)

Ash content(%)

Nitrogen content(%)

Volatile content(%)

Initial plasticity (P0)

Plasticity retention index (PRI)

The above test results comply with the quality specifications for natural rubber futures contract of Shanghai Futures Exchange.

Signature and seal by the inspection institution

Ⅱ. Contents of quality inspection report for RSS3   

                        Application No.:

                          Date:

             Quality Inspection Report

Applicant:

Product name:

Declared weight(Ton)

Place of origin:

Sampling site:

Inspection results:

In response to the application by applicant, a representative sample was drawn at random for goods piled at the following positions by XX on (M) (D), (Y). After inspection, its quality complies with the stipulations regarding natural rubber futures contract of Shanghai Futures Exchange.

Signature and seal by the inspection institution
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