The Marine Fuels Alliance (MFA), a bunker organisation formed in 2021, held its first Focus Group meeting on Tuesday (3 May).
The critical subject of Sanctions & Compliance was discussed by members of the organisation on the call.
MFA partners Hafnia Law Firm and Awyr Las Ltd lent their expert contribution and guidance in the effort.
Founder Members of the MFA Sekavin and Propeller Fuels Ltd were in attendance and presented their recent experiences and challenges, getting their voices heard and raising their concerns.
“Bunker suppliers and ship owners in the meeting were able to provide valuable insights into how those in the supply chain manage Sanctions checking and reporting,” said MFA in a social media post.
Minutes and Actions will be posted for members on the MFA portal along with the guidelines and processes we are creating for suppliers.
Moving forward, the organisation said more meetings will be held in May where Focus Groups will address credit reports, management of the credit assessment process, as well as an in-depth review of Terms and Conditions in bunker supply contracts.
Manifold Times in April reported MFA launching a survey on its website to provide a platform for bunker suppliers to raise concerns, while providing an opportunity for potential parties to join MFA.
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Photo credit: Marine Fuels Alliance (MFA)
Published: 13 May, 2022
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.