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India Bans Chinese Ships from Trading its Petroleum Products

India Bans Chinese Ships from Trading its Petroleum Products

India’s state-owned oil companies have barred Chinese tankers from shipping Indian crude and petroleum product, the South China Morning Post (SCMP) reported Thursday.

China-owned vessels are blocked from bidding on tenders to charter tankers importing crude oil to India.

Chinese tankers are barred “even if the vessels are registered under third-country flags,” according to the Times of India.

India’s state-owned oil companies “already have a first-right-of-refusal clause in favor of Indian flag vessels in their global tenders.

“For limited tenders, the companies will not invite bids from Chinese shipping entities previously registered with them,” the report stated.

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