Legal
Magnets on MFMs: First suspect charged over MFM tampering in landmark case
Assistant Boson of Singapore bunker tanker currently known as Fragrance sentenced to five-month imprisonment after being caught by MPA Port Inspector in June.

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4 years agoon
By
Admin
The Assistant Boson of a Singapore-registered bunker tanker (IMO 9199701) currently known as Fragrance was sentenced by a Judge at the State Courts of Singapore on Tuesday (27 August) to a five-month jail term starting 15 June over tampering of a mass flowmeter (MFM) during bunkering operations.
“This is the first case of its kind where we have found tampering of MFM,” said Deputy Public Prosecutor Eugene Phua during the trial.
Nurharyadi was charged under Section 7(1)(a) read with Section 10(1) of the Computer Misuse Act, Chapter 50A for interfering with the use of a Bunker Metering Computer (BMC) to accurately record marine fuel delivered to the MT Southern Glory.
Court documents obtained by Singapore bunker publication Manifold Times indicated Nurharyadi previously learning how to influence the recorded mass flow rate (MFR) on the BMC by placing an industrial grade magnet at a certain point on the MFM.
The action resulted in the BMC erroneously recording a higher MFR, falsely indicating a greater mass of marine fuel delivered into the receiving vessel on the computer than actually transferred.
On the afternoon of 13 June 2019, Nurharyadi was working with a bunker clerk to transfer 380 centistokes (cSt) grade fuel oil from Fragrance to MT Southern Glory; he affixed the magnet to the MFM around 10 minutes after starting the loading operation while helping the bunker clerk to keep a lookout for Maritime Port Authority (MPA) officers.
An MPA Port Inspector was in the vicinity patrolling the Eastern Petroleum Anchorage on board patrol boat MPA 2 when he decided to conduct a spot check on the bunker tanker delivering fuel under a supplier license from Inter-Pacific Petroleum Pte Ltd.
Nurharyadi disposed of the magnet when he spotted MPA 2 alongside Fragrance and proceeded to inform the bunker clerk of the patrol boat; however, he subsequently confessed to the Port Inspector that he earlier placed the magnet on the MFM.
Following, the bunkering operation was halted with the MFM bunker delivery note recording 573.406 metric tonnes (mt) of fuel delivered. A note of protest later lodged by the Chief Engineer of MT Southern Glory indicated the vessel received 565.5 mt of fuel.
An investigation report from MFM manufacturer Micro Motion found the magnet had been applied on its MFM for 1.31 hours out of an operation lasting 4.7 hours, with the placement causing an additional 4.24 mt of marine fuel registered by the BMC than what was actually delivered.
The financial loss of the operation was recorded to be approximately SGD 2,174.
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: 28 August, 2019
Legal
Former CEO of Singapore-listed New Silkroutes Group amongst three others facing 31 charges at court
Dr Goh Jin Hian was the ex-Director of former Singapore bunker supplier and bunker craft operator Inter-Pacific Petroleum; he faced a USD 156 million civil trial at the Singapore High Court in April 2023.

Published
1 day agoon
September 21, 2023By
Admin
Former Chief Executive Officer of Singapore-listed New Silkroutes Group Limited (NSG), Dr Goh Jin Hian, former Chief Corporate Officer, Oo Cheong Kwan Kelvyn, and former Finance Director, Teo Thiam Chuan William, were charged in court on Wednesday (20 September) with false trading offences under the Securities and Futures Act (SFA).
A fourth individual, Huang Yiwen, the sole director of GTC Group Pte Ltd (a commercial market maker engaged by NSG during the material time), was also charged with similar offences.
The four men were each charged with 31 counts of Section 197(1)(b) of the SFA read with Section 109 of the Penal Code for engaging in a conspiracy to create a misleading appearance with respect to the price of NSG securities.
They allegedly placed orders and executed trades in NSG securities for a purpose of pushing up the price of NSG securities on 31 trading days between 26 February 2018 and 27 August 2018. The alleged price manipulative orders and trades include share buy-backs conducted through NSG’s corporate trading account.
Dr Goh faces a further eight counts of Section 197(1)(b) of the SFA for allegedly placing orders and executing trades in NSG securities through his personal trading account for a purpose of pushing up the price of NSG securities on eight trading days between 31 August 2018 and 4 December 2018.
The charges above arose from a joint investigation carried out by the Commercial Affairs Department of the Singapore Police Force and the Monetary Authority of Singapore which started in September 2020.
If convicted of an offence under Section 197 of the SFA, offenders may be liable to an imprisonment term not exceeding seven years, or a fine not exceeding $250,000, or both.
Inter-Pacific Petroleum
Dr Goh, who was the ex-Director of former Singapore bunker supplier and bunker craft operator Inter-Pacific Petroleum (IPP), in April 2023 faced a USD 156 million civil trial initiated by IPP liquidator Deloitte & Touche over alleged breach of his director’s duties for IPP.
The Singapore branch of Maybank and Societe Generale (SocGen), both IPP’s largest creditors, are respectively looking to recover from exposure of an estimated USD 88.3 million and USD 81.3 million.
Reportedly, Dr Goh has said it was not the responsibility of the director to authenticate documents from management and he disputes against the banks’ own due diligence and credit risk assessments.
International Energy Group
NSG in late March 2019 announced subsidiary New Silkroutes Capital signing a share sale and purchase agreement with Hong Kong-based TK Energy Limited for the disposal of the entire shareholding interests in International Energy Group Pte. Ltd. (IEG) for US $10 million in cash.
Singapore-headquartered IEG, which trades mainly gas oil and fuel oil, sells its products to international counterparties including oil majors and national oil companies.
In January 2021, stakeholders of IEG decided the firm can no longer continue business due to its liabilities and proceeded to summon a creditors’ meeting.
A meeting to distribute intended dividend to IEG creditors was later held in March 2023.
A timeline organised list of events preceding the current development of Inter-Pacific Petroleum has been recorded by Manifold Times below:
Related: Singapore: Civil trial between Inter-Pacific Petroleum and Dr Goh Jin Hian begins
Related: Former Singapore Director of Inter-Pacific Petroleum sued for USD 156 million
Related: Inter-Pacific Petroleum creditors authorised to fund lawsuit against former Director
Related: New Silkroutes under investigation over possible breach of Securities and Futures Act
Related: Judicial Managers considering to take former Singapore Director of Inter-Pacific Petroleum to court
Related: Singapore: Inter-Pacific Group receives winding up order from High Court
Related: Singapore: Inter-Pacific Group files for winding up application at High Court
Related: MPA revokes Inter-Pacific Petroleum Pte Ltd bunker supplier licence
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 judicial 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
A timeline organised list of events preceding events of International Energy Group is as follows:
Related: New Silkroutes under investigation over possible breach of Securities and Futures Act
Related: Singapore: Gas oil, fuel oil trading firm IEG disposed for $10 million
Related: Singapore: International Energy Group to be wound up; calls for creditors meeting
Related: Singapore: Liquidator issues notice of intended dividend to IEG creditors
Photo credit: Manifold Times
Published: 21 September, 2023
Winding up
Singapore: AGM and creditors meeting scheduled for An Hui Shipping, Nan Yi Maritime
Purpose of the AGMs is for stakeholders to receive an update on the liquidation, and for creditors to receive an account of the liquidators’ acts and dealings.

Published
1 day agoon
September 21, 2023By
Admin
An annual general meeting (AGM) and creditors meeting has been scheduled for An Hui Shipping Pte Ltd and Nan Yi Maritime (Pte) Ltd, said their liquidator on a Tuesday (19 September) Government Gazette post.
The event will be held on 3 October; timing as follows:
- AGM of An Hui Shipping (10:00am)
- AGM for creditors of An Hui Shipping (11:00am)
- AGM of Nan Yi Maritime (2:00pm)
- AGM for creditors of Nan Yi Maritime (3:00pm)
The purpose of the AGMs is for stakeholders to receive an update on the liquidation, and for creditors to receive an account of the liquidators’ acts and dealings, and of the conduct of the winding up.
Details of the liquidator for both An Hui Shipping and Nan Yi Maritime are as follows:
Ho May Kee
Liquidator c/o 8 Marina View
#40-04/05 Asia Square Tower 1 Singapore 018960
Photo credit: Benjamin Child
Published: 21 September 2023
Legal
South African Revenue Service issues media statement on detention of bunkering vessels
Detentions of bunker barges done in the normal course of investigating whether provisions of the Customs and Excise Act have been contravened, says SARS.

Published
1 day agoon
September 21, 2023By
Admin
The South African Revenue Service (SARS) on Wednesday (20 September) issued a media statement concerning the detention of five vessels involved in the fuel bunkering supply chain:
From 2016 SARS has been engaging with the fuel industry to encourage compliance with the legislation concerning the importation, the trading in and other operational activities of vessels engaged in the supply of fuel.
Alongside these engagements, SARS has also been conducting investigations around compliance in fuel bunkering, and the detention of the vessels mentioned in the media article is part of this on-going investigation.
SARS confirms that several vessels were detained in terms of the Customs and Excise Act, 91 of 1964. This was done in the normal course of investigating whether the provisions of the Act have been contravened. SARS is of the view that the detention is lawful and, as the investigation is ongoing, no decision to seize such vessels has been taken.
SARS Commissioner Mr Edward Kieswetter said “SARS is obliged to administer the law fairly, without fear, favour or prejudice and to conduct investigations in a responsible manner in accordance with a fair procedure. SARS has no interest in jeopardising economic growth nor of contributing to the problem of unemployment, poverty and inequality.”
The Commissioner implored taxpayers and traders to comply with their tax and Customs obligations. He emphasised that SARS will not hesitate to act firmly and robustly to ensure that non-compliance is hard and costly for those that wilfully and intentionally ignore their obligations. The clarion call to all taxpayers and traders is: “comply or face the consequences”.
Related: ENGINE: Algoa Bay bunkering at a standstill as authority detains barges – sources
Photo credit: steve pb from Pixabay
Published: 21 September, 2023

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