Interlegal, a legal network made up of independent commercial law firms in over 40 countries, says it has successfully helped three “large” bunkering companies to get a refund for costs from their respective bunker supply operations.
“The Ukrainian non-resident bunkering companies filed a request for debt recovery upon bunker supplies,” it said in a statement.
“Three long-term commercial court proceedings resulted in making decisions on claim satisfaction and debt recovery from the defendant.”
According to Interlegal, the defendant’s two vessels were located and arrested in Ukraine and sold at the “SETAM” online auction – a government-backed electronic trading system for arrested property at Ukraine.
Interlegal junior lawyer Juliya Kubarskaya and lawyer Vitalii Tolstik, under the general supervision of senior lawyer Alexey Remeslo, led the case.
Publication date: 12 January, 2018
The individual was released after bail of SGD 1 million; a pre-trial conference for the case has been scheduled to take place on 29 October.
Illegal bunkering, third-party supplies and failure to pay taxes and levies are all violations of the law and those found culpable will face punishment, says NPA CEO.
Patrol team members spotted the vessel about 7.09 nautical miles from Kuala Bintulu; PPM estimates the value of the confiscated lot to be around MYR 1,561,960.
‘This is a blatant provocation and a serious violation of our sovereignty and international law,’ says Singapore minster.
A total of approximately 10,360 mt of MGO amounting to $4.52 million has been accounted for so far.
The company is seeking legal action against Standard Chartered Bank and OCBC over unpaid letters of credit issued in relation to Hin Leong trades, reports Reuters.
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.
