Disclaimer: An online translation service was used in the production of the current editorial piece.
Chimbusco Marine Bunker (Nantong) Co., Ltd has recently completed its first bonded lube oil delivery operation through China’s general trade export model.
The product was delivered to the Vietnam-flagged general cargo vessel Tay Son 4.
According to customs regulations, enterprises with import and export rights in China can unilaterally import or export goods through general trade.
The bonded lubricating oil has been processed and produced by domestic lubricating oil factories and sent to the company’s bonded lubricant warehouse is located in Nantong Rugao Port Bonded Logistics Center (Type B).
“Through the general trade export method, the oil products are directly sent from the domestic lubricating oil factory to the bonded warehouse of Chimbusco Marine Bunker (Nantong), and the transportation time only takes about 2 days,” stated Chimbusco.
“In this way, it not only shortens the logistics time, improves the efficiency of goods entering the warehouse, but also greatly reduces the transportation cost, and realises the cost reduction and efficiency increase of the bonded lubricant supply business.”
Photo credit: China Marine Bunker (PetroChina) Co. Ltd.
Published: 20 July, 2022
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