International bunkering firm GP Global (formerly Gulf Petrochem Group) will be claiming approximately $11.6 million from a November 2014 bunker dispute with Petrotec, according to the final Singapore High Court judgement on Friday (6 April).
“[…] since Gulf does not have title to the Surplus Oil, its claims for a delivery up of the Surplus Oil and/or for damages for conversion or detinue are dismissed,” concluded judge Woo Bih Li J.
“Instead, Petrotec is to pay Gulf US$8,123,896.43 as the purchase price of the Surplus Oil.
“In addition, Petrotec is to pay Gulf US$3,447,582.87 as the aggregate amount due and owing under the nine outstanding debit notes. Also, the Guarantors are jointly and severally liable to pay those two sums to Gulf.”
Gulf’s claim against Petrotec was for delivery of 15,309 metric tonnes (mt) of fuel oil (the Surplus Oil) which Petrotec had allegedly received and held on behalf of Gulf.
Petrotec was a Singapore-incorporated company engaged in the business of dealing in marine petroleum products and providing fuel oil delivery services. It was originally set up by Tan Keng Huat, Dennis (Dennis Tan) in 2007 to provide offshore engineering services, and started to deal in fuel oil in 2011.
Dennis Tan also manages Tankoil, a company involved in the ongoing O.W. Bunker/Dynamic Oil trail taking place at an Aalborg Court in Denmark.
Photo credit: GP Global
Published: 10 April, 2018
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.