Thu 12 Feb 2015 11:55

Tankoil and Hong Fatt Oil Trading have bunker licences cancelled


MPA says investigations revealed 'discrepancies and wrongful declarations' in the records kept on board their vessels.

The Maritime and Port Authority of Singapore (MPA) today confirmed that it has revoked the bunker supplier and bunker craft operator licences of Tankoil Marine Services Pte Ltd and Hong Fatt Oil Trading Pte Ltd with effect from 9 February 2015. As a result, the two companies are no longer allowed to operate as bunker suppliers and bunker craft operators in the port of Singapore.

In a statement, the MPA said: "As part of MPA’s ongoing regulatory efforts to ensure the safety, reliability and quality of bunker supplies in Singapore, routine checks were conducted last year on Hong Fatt Oil Trading Pte Ltd and Tankoil Marine Services Pte Ltd.

"MPA's separate investigations into the two companies revealed discrepancies and wrongful declarations in the records kept on board their bunker tankers. There were also incidences of transfers of bunkers between bunker tankers that were done without MPA's approval. MPA has therefore decided to revoke the companies' licences as they had breached the terms and conditions of their bunker supplier and bunker craft operator licences."

Supplier rankings and accredited bunker suppliers

The cancellation of the bunkering licences of Tankoil Marine Services and Hong Fatt Oil Trading reduces the number of MPA-accredited bunker suppliers in Singapore to 61.

In the MPA's ranking of suppliers by volume in 2014, Tankoil Marine Services was ranked 6th in a list of 63 suppliers in Singapore, whilst Hong Fatt Oil Trading was ranked 33rd.

Reminder to suppliers

In a reminder to other bunker companies operating in Singapore, the MPA said: "MPA reminds all licensed bunker suppliers and bunker craft operators to adhere strictly to the terms and conditions of their bunker licences. MPA will take firm action against any licensee who has acted in contravention of their licences, including suspending or revoking their bunker licences, as appropriate."
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