Article

2019-02-08 China-Japan-Koreas

Long, Strange Trip: How U.S. Ethanol Reaches China Tariff-Free

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Posted by Alaska Paul 2019-02-08 12:40|| || Front Page|| [7 views ] Top

#1 Chicoms slap a 70% retaliatory tariff on US ethanol, in response to US tariffs on Chinese goods.

So 35,000 tonnes of ethanol was loaded in Texas. That is a lot of everclear if it has not been poisoned. The cargo was transferred to another vessel near Singapore, then 12,500 tonnes added in Malaysia.Blended with Asian ethanol, so no Chinese imposed tariff, and delivered to the port at Zhoushan, China. Expensive with all the transshipping and blending, but cheaper than a 70% tariff.
Check out the article, good graphic.

Posted by Alaska Paul 2019-02-08 12:52|| 2019-02-08 12:52|| Front Page Top

#2 A 70% tariff on all Chinese goods sounds pretty damn good.

Posted by Glusotle Sninetle1364 2019-02-08 15:16|| 2019-02-08 15:16|| Front Page Top

#3 At the time it left Texas, the shipment was owned by units of SOCAR Trading SA, the marketing arm of the State Oil Company of Azerbaijan Republic, according to the bills of lading. The shipment was initially destined for the Philippines.

But after it crossed through the Panama Canal and reached the waters near Singapore in mid-August, the High Seas transferred its cargo to the QUDS, another tanker, according to the Refinitiv data.

Vincent Mohy, general counsel for SOCAR, said that the firm sold all of the U.S. ethanol at the time of the transfer to the QUDS and that it made clear to the buyer the fuel originated in the United States. Mohy declined to name the buyer.

Besides evading tariffs, it sounds like the buyer may be circumventing sanctions. Isn't Al Quds Brigade Iranian?

Posted by Slomoling Phusoper9782 2019-02-08 16:56|| 2019-02-08 16:56|| Front Page Top

#4 Quds is Arabic for Jerusalem.

Isn't Al Quds Brigade Iranian? - Quds Force.

Posted by Glusotle Sninetle1364 2019-02-08 21:31|| 2019-02-08 21:31|| Front Page Top

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