Singapore-based Sea Oriental Line Pte Ltd, an operator and charterer of barges, tugboats and bumboats, is currently facing liquidation due to the firm being unable to pay a bunker claim from Cockett Marine Oil (Asia) Pte Ltd.
The bunkering firm entered into a supply contract with Sea Oriental Line on 23 January 2020 and delivered 200 mt of RMG 380 bunker fuel worth USD 130,148.86 to the chemical tanker Sea Longitude at Singapore port on 31 January 2020, according to documents obtained by Singapore bunkering publication Manifold Times.
Cockett Marine Oil (Asia) is still owed a balance principal sum of USD 80,148.86 from the earlier bunker delivery and Sea Oriental Line has since been allegedly unable to pay back the debt.
No appearance by Sim Mingqing, the Director of Sea Oriental Line, during hearings at the State Courts of the Republic of Singapore subsequently resulted in an automatic judgement win in favour of Cockett Marine Oil (Asia) on 16 November 2021.
The courts later issued an examination of judgement debtor order against Mr Sim on 10 December 2021 to find out what assets he has available to pay off the debt.
The judgement debtor order is expected to be carried out in 2022.
Photo credit: Manifold Times
Published: 18 February, 2022
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
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