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)
- Investment in Storage Facilities in Singapore:
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
