Port of Singapore cancels bunker licences of Coteam Petroleum Trading Pte Ltd
The Maritime and Port Authority of Singapore (MPA) has cancelled the bunker supplier and bunker craft operator licences of Coteam Petroleum Trading Pte Ltd with effect from 1 April 2014 for contravening the terms and conditions of the bunkering licences, MPA said in its press release.
The company was found to have breached Clause 3 of the terms and conditions of the Bunkering Licence (Bunker Supplier) by allowing other companies to use their Bunker Delivery Notes to supply bunkers. They were also found to have breached Clause 31 of the terms and conditions of the Bunkering Licence (Bunker Craft Operator) for delivering bunkers on behalf of an unlicensed company to customers of that company.
With the cancellation of their bunker supplier licences, Coteam Trading Pte Ltd will no longer be allowed to operate as bunker supplier in the Port of Singapore.
All bunker suppliers operating in the Port of Singapore are required to be licensed by MPA. MPA reminds all licensed bunker suppliers to adhere strictly to the terms and conditions of the bunkering licence. The bunker supplier's licence is not transferable. In addition, under Clause 31 of the terms and conditions of the Bunkering Licence (Bunker Craft Operator), bunker craft operators shall not make use of any bunker craft to deliver bunkers on behalf of any person, firm or company or which is not a bunker supplier licensed by MPA.
Any bunker supplier or bunker craft operator found to have contravened any terms and conditions of MPA bunkering licences will have their bunkering licence suspended or cancelled.
In 2013, the Port of Singapore recorded bunker sales volume of 42.7 million tonnes, retaining its position as the world's top bunkering port. 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.
