The creditor list of Brightoil Petroleum (S'pore) Pte Ltd (Brightoil), the Singapore subsidiary of Hong Kong listed Brightoil Petroleum (Holdings) Limited is expected to grow.
Bunkering firms Global Energy Trading Pte Ltd and NewOcean Fuel (Singapore) Pte Ltd will be submitting respective applications for claims at the High Court of Singapore on Friday (14 December).
Consort Bunkers Pte Ltd, meanwhile, is coming in as an intervener to join the ongoing litigation for claims.
It is unclear how much the above parties are seeking from Brightoil.
Toyota Tsusho Corporation, Petrolimex Singapore Pte Ltd and Qatar National Bank are respectively seeking USD $21 million, over USD $30 million, and USD $21.59 million (totalling $72.59 million) from Brightoil.
Brightoil Petroleum Holdings Limited has stated it is working with a lead bank under the overall guidance and coordination lead by the People's Bank of China to formulate a package for financing and debt optimisation adjustment plans.
Related: Singapore: Toyota Tsusho Corporation seeking $21 million from Brightoil
Related: Singapore: Petrolimex owed over USD $30 million by Brightoil
Related: Qatar National Bank seeks USD $21.59 million debt from Brightoil
Other related: Singapore: Brightoil bunker tanker fleet placed under Sheriff’s arrest
Other related: Media clarification: Brightoil has settled Sea Trader International’s debt
Photo credit: Manifold Times
Published: 13 December, 2018
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
The arrest of vessels at the world’s largest bunkering port continues to be an effective method of obtaining recovery on maritime-related claims, says Partner Max Lim.
The MT Pratama 128 was under detention by the Malaysian Maritime Enforcement Agency for investigations when it disappeared.
Patrol team was out on inspection rounds on 8 April at 10 pm when they discovered the vessel behaving suspiciously 13 nautical miles southwest from Tho Chu Island.
BIMCO clarifies discord between verification procedure for statutory and commercial fuel oil samples.
Poh Fu Tek and Koh Seng Lee applying for leave at the High Court of the Republic of Singapore to allow them to defend respective claims on behalf of Vermont.
Additional topics of bunker contamination and OCM services discussed at VPS’ Fuel Management Challenges – The Year of 2021 & Beyond webinar on 23 September; Manifold Times summarises the session.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.
