MPA publishes new application guidelines for bunkering license at Singapore port

The Maritime and Port Authority of Singapore (MPA) on Monday (9 December) published new application guidelines for players interested in acquiring a bunkering license for operating as a bunker supplier at Singapore port, found Manifold Times.

Companies will need to possess a valid Bunkering Licence (Bunker Supplier) issued by the MPA in order to supply bunkers to vessels in the Port of Singapore using its own delivery documents, it says.

To obtain a new Bunkering Licence (Bunker Supplier), the company must commit to have both bunker supplier and bunker craft operator licences. In addition, the company must satisfy the following requirements:

• To have a minimum paid up capital of S$500,000;
• To have a certified Quality Management System for Bunker Supply Chain (QMBS) in accordance with the Singapore Standard 524; 
• To submit a detailed Background and Organisational Structure of the company:
  • To submit the business profile of company as registered with Accounting and Corporate Regulatory Authority (ACRA);
  • To include profile of shareholders and directors that are registered in ACRA's records (inclusive of their date of birth) and their experiences in bunkering.
• To submit proposed business plan, inclusive of the following information:
  • Investment in Storage Facilities in Singapore:
    • Preferably own or lease storage facilities
  • Bunker Sales Commitments:
    • To provide 3-year bunker sales projection (average of Singapore’s top ten bunker suppliers).
  • Investment in Dual-Fuelled bunker tanker
    • To own and operate at least two dual-fuelled bunker tanker 
  • Ability to have control of the fuel oil cargo sources and availability of low sulphur fuel oil
  • Proven Track Record and performance in other ports, if any, in terms of bunker sales and customer base:
    • To provide annual bunker sales delivered for the past 3 years.
  • Presence in Singapore:
    • Applicant or its related companies, beyond the bunkering sector should have significant presence in Singapore
  • Any other Value-Add Proposition(s) that can further improve the bunkering sector (e.g. improvement, less reliance on foreign labour)

Interested applicants are able to further contact MPA officers at:
(+65) 6325 2307 or (+65) 6325 2310 or (+65) 6325 2318
Email:  [email protected]

Photo credit: Manifold Times
Source: Maritime and Port Authority of Singapore
Published: 18 December, 2019