Offshore entrepot FX facilitation continues in the FTZ. For crude transfer deals — bought offshore, sold offshore, settled onshore — payment review moves from per-transaction paper to a whitelist, shortening settlement from T+2 to T+1.

For SNSUC, one fewer day means one more turn on the same credit line. On a 100-million-dollar transfer at 6.7, that is 670 million yuan; freeing one day of tied-up capital at an overnight rate near 1.8% saves a few million yuan a year across 250 settlement days.

The policy works because of three-documents consistency — contract, invoice and bill of lading must agree on volume, grade and vessel — plus a SHA-256 proof of the bill of lading computed in the browser. Title confirmation moves from after bank due diligence to the moment documents are complete, and customs, bank and trading platform can trace the same hash, cutting dispute cost.

One caveat: facilitation is not a waiver. Iran and Iraq origins remain a hard red line for transfer trades; if a sanctioned origin shows up in the three documents, the whitelist approach will instead freeze the whole lot. Our system hard-blocks the origin field.