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MPA revokes Inter-Pacific Petroleum Pte Ltd bunker supplier licence

09 Dec 2019

The Maritime and Port Authority of Singapore (MPA) on Monday (9 December) revoked the bunker supplier licence of Inter-Pacific Petroleum Pte Ltd (Inter-Pacific).

With effect from 9 December 2019, Inter-Pacific will cease to operate as a bunker supplier in the Port of Singapore.

“Inter-Pacific had filed for judicial management at the High Court of the Republic of Singapore and a judicial manager has since been appointed,” it stated.

“With the appointment of the judicial manager, Inter-Pacific has failed to meet the terms and conditions of the bunker supplier licence, leading to the revocation of the licence.”

The development follows MPA’s earlier revocation of Inter-Pacific’s bunker craft operator licence on 15 October 2019 due to bunkering malpractices.

Earlier on Monday, Manifold Times reported the Director of Inter-Pacific Petroleum and its parent company Inter-Pacific Group Pte Ltd (IPG) making ‘clear admission’ to the Singapore branch of Societe Generale that both firms were involved in a fraud.

A timeline organised list of events preceding the current development have been recorded by Manifold Times below:

Related: Director of Inter-Pacific Petroleum ‘has made clear admission’ to fraud, finds court
RelatedCo-heads of Trade and Commodities Finance for Asia-Pacific leave SocGen
RelatedInter-Pacific Group, Inter-Pacific Petroleum to hold creditors’ meet
RelatedNewOcean detains Singapore-flagged bunker tanker “Pacific Energy 28”
RelatedSocGen lawsuit against NewOcean Petroleum dropped, party to counterclaim
RelatedMPA revokes Inter-Pacific Petroleum bunker craft operator licence
RelatedMagnets on MFMs: Trial starts for former bunker clerk of “Consort Justice
RelatedFirst suspect charged over MFM tampering in landmark case
RelatedWith nearly $180 million of debt, IPP proposes interim juridical management
RelatedInter-Pacific Group, Inter-Pacific Petroleum under judicial management
RelatedMagnets on MFMs: “Consort Justice” crew pleads ‘not guilty’ to tampering charge
RelatedIPP responds to temporary suspension of bunker craft operator licence
RelatedMPA temporarily suspends IPP bunker craft operator licence
RelatedSingapore: Bunker Cargo officer, crew face charges over alleged MFM tampering

Photo credit: Manifold Times
Published: 9 December, 2019
 

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