G-Fuel's bunker supply licence gets revoked

It violated a bunkering rule.

According to a release, the Maritime and Port Authority of Singapore (MPA) has cancelled G-Fuel Pte Ltd’s bunker supplier licence with effect from 15 December 2012. The cancellation of the licence follows G-Fuel Pte Ltd contravening the terms and conditions of the bunkering licence.

The company was found to have breached Clause 3 of the terms and conditions of the Bunkering Licence (Bunker Supplier) by allowing another company to use G-Fuel's Bunker Delivery Notes to supply bunkers to the customers of that company.

With the cancellation of its bunker supplier licence, G-Fuel Pte Ltd will no longer be allowed to operate as a bunker supplier in the Port of Singapore. All bunker suppliers operating in the Port of Singapore are required to be licensed by MPA.

"All licensed bunker suppliers are required to adhere strictly to the terms and conditions of the bunkering licence and the bunker supplier's licence is not transferable under the terms and conditions. MPA does not condone such acts and we will not hesitate to suspend or cancel the bunkering licence of any bunker supplier found to have contravened any of the terms and conditions of the bunkering licence," said Capt M Segar, MPA's Assistant Chief Executive (Operations).

In 2011, the Port of Singapore saw record bunker sales volume of 43.2 million tonnes. Singapore's strong performance in bunker sales can be attributed to its strategic location at the crossroads of international trade and the industry structure that results in competitive bunker prices and assured quality and safety standards.

Also Read

Changi Airports and Hainan Meilan form JV for non-aero services

F&B brands remain key drivers of retail leasing in Q3

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit