SAFE's new-type offshore international trade already recognizes the structure where an offshore SPV signs and the domestic refiner clears customs under its own quota. With the yuan firming to 6.6683 today, RMB settlement routing friction eases further; but the same-bank, same-currency rule for offshore resale stays a hard line, and cross-bank or cross-currency deals must be declared up front.

Fuel oil futures at ¥4,658/t (-5.48%), yet landed import cost stands at ¥4,852/t — a ¥194/t inversion; offshore resale authenticity verification now takes 3.2 working days (+12% vs Q3 avg), driven by stricter customs triad alignment checks (B/L–warehouse receipt–payment flow).

In transshipment, the most tedious part of a letter of credit is the issuing bank's line-by-line document exam. A digital-yuan smart contract sets cargo arrived plus third-party inspection passed as the payment trigger, closing funds and title in the same second, settling T+0 with a natively auditable ledger. That lines up with the regulator's heightened scrutiny of offshore resales — same bank, same currency.