Troubled oil trading and bunkering firms Inter-Pacific Group, and subsidiary Inter-Pacific Petroleum, will be holding its first creditors’ meeting on 14 November in Singapore, according to a notice posted on a Singapore paper on Friday (1 November).
The meeting for both companies will be held at 4pm in Shenton Way, OUE Downtown 2, #3-00 Singapore 068809.
Those voting at the meeting must submit their proof of claim by 5pm on 11 November, 2019.
The administrators of the meeting are Andrew Grimmett and Lim Loo Khoon of Deloitte & Touche LLP.
The bunker craft operator licence of Inter-Pacific Petroleum was revoked by the Maritime and Port Authority of Singapore (MPA) on 15 October.
Trials involving the former bunker clerk of a Singapore-registered bunker tanker (IMO 9199701) chartered by IPP are ongoing at the State Courts of Singapore; the ex-assistant boson of the same vessel was found guilty over mass flowmeter tampering in late August.
Manifold Times in October reported the Director of IPP facing a legal suit from the Singapore branch of Societe Generale at the High Court of the Hong Kong Special Administrative Region.
A timeline organised list of events preceding the current development have been recorded by Manifold Times below:
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: 5 November, 2019
Session will provide insights on bunker quality issues from a bunker supplier, shipping company and surveyor, as well as providing insight and guidance on legal and dispute resolution issues.
Gealubes Consulting & Trading, the authorised marine business distributor of PANOLIN EALs at Singapore port, shares a two-part education series on Environmentally Acceptable Lubricants on Manifold Times.
Danny Lee Chee Keong was sentenced to nine months’ imprisonment over the theft of MFO from the Consort Bunkers owned and operated bunker tanker at the sea off Eastern Petroleum ‘B’ anchorage.
‘Metcore’s MFM+ Program exemplifies serious oil suppliers and buyers who advocate fair trading using a recognised and widely-accepted technology,’ highlights Darrick Pang, Managing Director of Metcore.
‘The victim is Consort Bunkers Pte Ltd, the owner of the Pearl Melody,’ states the joint statement of facts (SOF) document obtained by Singapore bunkering publication Manifold Times.
Between November 2016 and October 2017, Mr Tan falsified at least 20 invoices and submitted these invoices to UOB and OCBC, according to court documents obtained by bunkering publication Manifold Times.