Inter-Pacific Group Pte Ltd, the parent firm of former Singapore bunker supplier and bunker craft operator Inter-Pacific Petroleum (IPP), has filed a winding up application at the High Court of the Republic of Singapore on 2 March, according to the Government Gazette on Friday.
The winding up application is directed to be heard before the Court Sitting at Singapore at 10:00am, on 27 March.
“[…] any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose; and a copy of the winding up application will be furnished to any creditor or contributory of the company requiring the copy of the winding up application by the undersigned on payment of the regulated charge for the same,” said a statement.
Any person who intends to appear on the hearing of the winding up application must serve on or send by post to LVM Law Chambers LLC, the solicitors of Inter-Pacific Group, notice in writing of his intention to do so.
The notice must state the name and address of the person, or, if a firm, the name and address of the firm, and must be signed by the person, firm, or his or their solicitor (if any) and must be served, or, if posted, must be sent by post in sufficient time to reach LVM Law Chambers LLC not later than 12:00 pm of 26 March 2020 (the day before the day appointed for the hearing of the winding up application).
A timeline organised list of events preceding the current development have been recorded by Manifold Times below:
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 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: 16 March, 2020
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‘We have reviewed all the material in the case and we are surprised that formal charges have been pressed, particularly against Keld R. Demant,’ it said.
The team in Singapore is now supplying more than 200,000 metric tonnes of bunker per month.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
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Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
