[Imports Management] The Allowable Import Quantity, Distribution Principles and

       The Allowable Import Quantity, Distribution Principles and Application Procedures for Crude Oil of Non-State Trade in 2009. 

       I. The allowable import quantity for crude oil of non-state trade. The allowable import quantity for crude oil of non-state trade in 2009 is 22 million tons. 

       II. The requirements for the application of allowable import quantity for crude oil of non-state trade. 

      (I). the applicant is a Chinese business entity in foreign trade, with a registered capital no less than 50 million RMB. 

      (II). In possession of a good credit standing, and a credit rating above level A; the maximum amount of credit line is over 20 million U.S. dollars. 

      (III). With a crude oil import pier with a capacity no less than 50,000 tons and a crude oil storage tank of no less than 200,000 cubic meters. 

      (IV). With crude oil import records in the recent three years; 

      (V). The ratio of crude oil reserve in its business operation is not lower than the statutory requirement. 

      (VI). The enterprise does not have any record in smuggling, non-compliance, tax dodge, obtain large sums of foreign exchange without state authorization or illegal arbitrage. 

     (VII). In possession of staffs specialized in international oil trade (at least two); 

     (VIII). Other considerations.
      III. The distribution principles. 
     (I). The operation capacity of the applicant.
     (II). The import records of the applicant.
     (III). Whether the quantity obtained in the past was fully utilized.
     (IV). The quantity applied.
     (V). other considerations. 
      V. The documents to be submitted and the application procedures. 
     (I). documents to be submitted. 

     1. The application documents (explaining the basic status of the company, its eligibility, reasons for the application, plans for the procurement, use or sales of the crude oil, profile of the staffs specialized in international crude oil trade); 

     2. The duplicate of the business license, the photocopy of Foreign Trade Dealer Filing & Registration Form duly stamped or the Qualification Certificate for Import and Export Enterprise of People’s Republic of china, customs code and enterprise code of the applicant. 

    3. The certifying documents for crude oil import from 2006 to 2008 (including self-support import and that via an agency). 

    4. Credit line certifications issued by banks of or above province level. 

    5. The original copy of the agreement for the use of the facilities of the crude oil piers and storage tanks. 

    (II). The application and review procedures.
    1. The application procedures. The administrative bodies of key industrial products in all the provinces, autonomous regions, municipality directly under the Central Government, cities specifically designated in the state plan and Xinjiang Production and Construction Corps (hereinafter referred to as provincial administrative body of import) are in charge of the receiving of the application materials submitted by local enterprises. The applying enterprises shall provide the application materials to local provincial administrative body of import in accordance with the requirement of this announcement. The provincial administrative body shall send the list of eligible enterprises and related materials to the Ministry of Commerce (Foreign Trade Department) before Nov 20, 2008. 

    2. The review procedures. The Ministry of Commerce shall find out and verify the compliance issues of the applicant, conduct review on the applicant of the allowable import quantity for crude oil of non-state trade, and distribute allowable import quantity for crude oil of non-state trade to eligible enterprises. No allowable import quantity for crude oil of non-state trade shall be distributed to non-eligible enterprises.