MPA revokes Inter-Pacific Petroleum Pte Ltd bunker supplier licence
- Published
by Admin
The Maritime and Port Authority of Singapore (MPA) on Monday (9 December) revoked the bunker supplier licence of Inter-Pacific Petroleum Pte Ltd (Inter-Pacific).
With effect from 9 December 2019, Inter-Pacific will cease to operate as a bunker supplier in the Port of Singapore.
“Inter-Pacific had filed for judicial management at the High Court of the Republic of Singapore and a judicial manager has since been appointed,” it stated.
“With the appointment of the judicial manager, Inter-Pacific has failed to meet the terms and conditions of the bunker supplier licence, leading to the revocation of the licence.”
The development follows MPA’s earlier revocation of Inter-Pacific’s bunker craft operator licence on 15 October 2019 due to bunkering malpractices.
Earlier on Monday, Manifold Times reported the Director of Inter-Pacific Petroleum and its parent company Inter-Pacific Group Pte Ltd (IPG) making ‘clear admission’ to the Singapore branch of Societe Generale that both firms were involved in a fraud.
A timeline organised list of events preceding the current development have been recorded by Manifold Times below:
Related: Director of Inter-Pacific Petroleum ‘has made clear admission’ to fraud, finds court
Related: Co-heads of Trade and Commodities Finance for Asia-Pacific leave SocGen
Related: Inter-Pacific Group, Inter-Pacific Petroleum to hold creditors’ meet
Related: NewOcean detains Singapore-flagged bunker tanker “Pacific Energy 28”
Related: SocGen lawsuit against NewOcean Petroleum dropped, party to counterclaim
Related: MPA revokes Inter-Pacific Petroleum bunker craft operator licence
Related: Magnets on MFMs: Trial starts for former bunker clerk of “Consort Justice
Related: First suspect charged over MFM tampering in landmark case
Related: With nearly $180 million of debt, IPP proposes interim juridical management
Related: Inter-Pacific Group, Inter-Pacific Petroleum under judicial management
Related: Magnets on MFMs: “Consort Justice” crew pleads ‘not guilty’ to tampering charge
Related: IPP responds to temporary suspension of bunker craft operator licence
Related: MPA temporarily suspends IPP bunker craft operator licence
Related: Singapore: Bunker Cargo officer, crew face charges over alleged MFM tampering
Photo credit: Manifold Times
Published: 9 December, 2019
