One article explains the cost of imported crude oil

Recently, OPEC and Russia's production limit meeting did not agree, Saudi crude oil prices plummeted, but the price cut only involves light crude oil, Saudi light crude oil market is mainly North America and Europe, and our country has not much to do. These days in the market a lot of Saudi crude oil, do not comment. The formula for importing crude oil can be seen in the previous article on Nigerian crude oil, which mainly talks about the cost of importing crude oil.

What are the most profitable industries in the world? Oil, arms, drug trafficking... Maybe you can list a lot at once, but the most profitable industry is oil, why do you say so?

You see the United States acting as the world police, he is not maintaining world peace, he is just trying to find a way to benefit himself. The benefit is oil, the United States painstakingly, every day to keep an eye on each oil-producing countries, and try to take advantage, even at the cost of force. Oil is the undisputed king of commodities.

Today I'm going to tell you about the cost of imported crude oil.

First, let's talk about the cost of imported oil as a whole: In the cost of direct crude oil imports, the price of international crude oil accounts for about 77.15%, the value-added tax on crude oil accounts for about 12.34%, international freight, inland sea freight and land freight account for 2.76%, 2.69% and 2.25% respectively, and the issuing agent fee and landing and unloading fee account for about 0.45% and 0.36% respectively.

Here are the costs to expand in detail.

The cost of crude oil constitutes Dr. Said oil
The first is the cost of crude oil imports. This fee includes international crude oil price, demurrage, crude oil transit, issuing agent fee, cargo insurance fee, international freight, spot purchase finance cost, lock-up fee and monthly conversion fee. The international price of crude oil is known to everyone, and the small sun will not explain it, accounting for 77.15% of the total cost.

Demurrage is the agreed sum paid by the charterer to the owner in a voyage charter party when the loading or discharging of the vessel is delayed beyond the time of loading and unloading, which is 0.03% of the total cost.

The transit cost of crude oil, from the port of loading to the cargo ship and back to the destination, is about 0.3% of the total cost.

The agency fee for issuing the L/C accounts for about 0.45% of the total cost.

Cargo insurance is 0.03% of the total cost.

International freight accounted for 0.32%, spot purchase financial cost accounted for 0.32%,

Both the lock fee and the monthly transfer fee account for 0.003% of the total cost.

The second is oil taxes and fees. It is divided into two categories of crude oil VAT and import duty. What is VAT on crude oil? Value-added tax (VAT) is a kind of turnover tax levied on the value added of goods (including taxable services) generated in the process of circulation. Value-added tax on crude oil is the tax in the process of crude oil circulation. This expense accounts for 12.34% of the total cost. What is an import tariff? An import tariff is a tariff imposed by a country's customs on imported goods and articles. This charge is 0.00% of the total cost. Why? Because imported crude oil is tariff-free.

The third is inland freight. The sea freight is calculated according to the provisions of the liner freight table, which is the monopoly price. Different liner companies or different shipping companies have different rates, but it is based on the different stowage factors of various commodities, different properties and different values combined with different routes to determine. Inland freight accounts for about 2.69% of the total cost.

The fourth is port charges. This fee includes many types of charges: port storage fee, transit fee, security premium, port service fee, port construction fee, landing and discharging fee, customs declaration fee, agency fee, commodity inspection fee, oil pollution fund.

The port storage fee is the cost of storing crude oil in the port, which is about 0.34% of the total cost. Every time oil arrives at a port, it needs to be stored, and storage naturally incurs costs.

Transit fees Needless to say, and express delivery is similar, the need for transit naturally involves human and material resources to generate costs, this cost accounts for 0.04% of the total cost.

The security premium, which is very important, is about 0.01% of the total cost of keeping the oil safe from theft or destruction.

Port charge, a charge imposed by the port administration on the cargo handled through the port, calculated according to the weight of the cargo, accounting for 0.07% of the total cost.

Port construction fee, which is similar to the airport construction fee we pay by plane, is charged for the construction of port public infrastructure, accounting for 0.13% of the total cost.

Loading and unloading fee, which is the cost of labor to receive and load the goods, accounts for 0.36% of the total cost.

Customs declaration fee, contact with foreign trade friends know that customs declaration fee is the cost of customs declaration fee, in fact, it is also the service fee of customs declaration service provided by the customs broker, this fee is charged by the ticket, and has no relationship with the value of the goods. According to different ports, customs brokers also have differences, but the difference is not large, accounting for 0.0.02 percent of the total cost. The agency fee is 0.01% of the total cost.

What is the inspection fee? Commodity inspection fee is the cost of replacing the original customs clearance with the commodity inspection certificate, accounting for 0.01% of the total cost.

The agency fee is fixed, and the freight forwarder or the inspection bank to negotiate, inspection fee is determined according to the amount of the invoice on the commodity inspection documents.

The Convention on the International Oil Pollution Compensation Fund is an international fund convention for the thorough protection of victims of oil pollution and the relief of the additional burden of shipowners, drafted in 1969 as a result of an international conference and ratified by eight countries in December 1971. This charge accounts for 0.01% of the total cost.

The fifth is land freight. Land freight includes two categories: port to refinery freight and pipeline transportation inspection fees. Land freight is the transportation cost in the land area, involving the ground transportation of oil, there will be some costs. If there is pipeline transmission, there will be inspection fees. Because of the particularity of pipeline transportation, strict inspection is required before receiving the goods. The freight from port to refinery accounts for about 2.24% of the total cost, and the inspection fee for pipeline transportation accounts for about 0.01%.

Sixth is the refinery storage cost. This cost accounts for about 0.67% of the total cost. As the name suggests, this cost means that after the crude oil is imported, it needs to be refined, and then it needs to be stored, which will generate a series of management costs, labor costs and plant rent.