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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Coast-Channels bunkering licence not renewed

Bunker supplier Coast-Channels Marine Services is said to have allowed another firm to use its Bunker Delivery Notes.





Updated on 01 Jul 2013 13:13 GMT

The Maritime and Port Authority of Singapore (MPA) has today (July 1) announced that it has decided not to renew the bunker supplier licence of Coast-Channels Marine Services Pte. Ltd..

According to the MPA, Coast-Channels' bunkering licence was not renewed because the company was deemed to have allowed another firm to use its Bunker Delivery Notes (BDNs) to supply marine fuel to its clients - a practice which is in breach of clause 3 of the terms and conditions of the bunkering licence.

"This non-renewal of licence is akin to a cancellation," the MPA said.

In a reminder to other bunker companies operating in Singapore, the MPA said: "All licensed bunker suppliers are reminded that under clause 3 of the terms and conditions of the bunkering licence (bunker Ssupplier), bunker suppliers shall not transfer, assign, sublet, share, part with or otherwise dispose of any of their rights, duties, liabilities, obligations and privileges under the terms and conditions of the Licence.

"MPA will not hesitate to suspend or cancel the bunkering licence of any bunker supplier or bunker craft operator that is found to have contravened any of the terms and conditions of its Licences," the port authority added.






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