Bonded transshipment levies no import VAT and transfers title inside the zone; crude settlement compresses to T+1 with triple-document consistency moved to title confirmation, and SHA-256 fingerprints turn title transfer into a verifiable event.

Brent at $97.484/bbl converts to roughly ¥4,794/t at USD/CNY 6.7125. Bonded re-export avoids general-trade import duties; the bonded ledger and three-document reconciliation set the compliance floor, and digital receipts can evidence dutiable value.