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China Aviation Oil seeks Nov jet fuel shipments to China in an uncommon relocation, sources say

China Air Travel Oil , a subsidiary of stateowned China National Air travel Fuel Group, is seeking to buy two cargoes of jet fuel for November shipment into Shanghai and Huangpu through tenders in a. rare relocation, four sources with understanding of the matter said on. Monday.

CAO is seeking one 30,000 metric lot freight for delivery on. Nov. 7-11 to Shanghai and one 25,000 heap cargo for shipment on. Nov. 28-Dec. 4 to Huangpu.

The tender closes at 3 p.m. (0700 GMT) on Oct. 28, with. same-day credibility.

The company did not immediately react to a Reuters demand. for remark.

It has actually been years considering that CAO last imported jet fuel for. China, among the sources said.

CAO is the crucial supplier of imported jet fuel to China's. civil aviation industry, according to the business's site.

This purchasing interest most likely came from tighter fuel. export quota allowance for the 4th quarter, a 2nd source. said, adding that these cargoes are most likely to end up in bonded. tank for the refuelling of worldwide flights.

Beijing allocated around 8 million lots of export quotas for. refined fuels in its third batch of issuance late last month,. lower compared to last year's 3rd batch of 12 million loads.

Out of the 8 million heaps, around 1.53 million heaps are. designated for the trade processing path - where air travel fuel. for the refuelling of global flights fall under.

(source: Reuters)