Singapore bunker supplier Brightoil Petroleum (S'pore) Pte Ltd (Brightoil) will submit an application for approval of a six-month moratorium order at the Singapore High Court on 11 January 2019, announced its solicitors on Monday (24 December).
The moratorium order, to be applied under Section 211B of the Companies Act, seeks to protect the company against other forms of legal challenges while Brightoil undergoes restructuring.
According to the announcement, the moratorium states:
The intention to apply for a moratorium was discussed during a High Court session between legal representatives of Brightoil and Petrolimex Singapore Pte Ltd (Petrolimex) on 13 December.
A Pre Trial Conference (PTC) was later privately held between both parties on 19 December.
Petrolimex initiated a winding up application against Brightoil at the Singapore High Court on 23 November over more than USD $30 million owed by the latter.
Related: Singapore: Petrolimex v Brightoil case progresses to Pre Trial Conference
Related: Singapore: Petrolimex owed over USD $30 million by Brightoil
Related: Petrolimex in winding up application against Brightoil at Singapore High Court
Other related: Singapore: Players to get fuel oil cargoes back from Brightoil bunker tankers
Other related: Singapore: Brightoil bunker creditor list growing with new firms
Other related: Singapore: Toyota Tsusho Corporation seeking $21 million from Brightoil
Other 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: 24 December, 2018
8,150 m3 of A95 gasoline found on Pioneer Spirit while QNG 0350 carried about 350 m3 of similar product.
Between November 2016 and October 2017, Mr Tan falsified at least 20 invoices and submitted these invoices to UOB and OCBC, according to court documents obtained by bunkering publication Manifold Times.
Deadline to submit a proof of debt for parties claiming to be creditors of the company is scheduled to take place on 31 December 2021 before 5:00 pm.
Captain could not produce documentation proving legal origin of 35,000 litres of fuel oil cargo, it says.
Several companies, including COSCO shipping entities, were placed under Iranian sanctions on Thursday.
Seeks payment over debt for three 380 cSt grade bunker cargo deliveries totalling 21,000 mt to LS Jacoba at Malta between August 2018 and September 2018.
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.
