Approved Marine Fuel Trader (MFT) Scheme

Under MFT Scheme, approved businesses need not pay GST when making local purchases of approved marine fuel oil from any GST-registered suppliers.

Purpose

This scheme is designed to benefit qualifying businesses in the bunkering industry that make local purchases of approved marine fuel oil ("MFO").

GST registered businesses approved under the Approved Marine Fuel Trader (MFT) Scheme need not pay GST on local purchases of approved marine fuel oil (e.g. MFO 380cst) from any GST-registered suppliers. This eases the cash flow difficulties of the approved businesses by eliminating the need to pay GST upfront and to subsequently claim it back by obtaining a refund from IRAS.

Qualifying for the Scheme

To qualify for the scheme, you should:

  1. Be a business incorporated or registered in Singapore and your primary business activity is supplying bunker fuel for use onboard ocean-going ships;
  2. Be registered for GST and have good compliance records in terms of tax compliance and payment;
  3. Hold a valid bunkering licence with the Maritime Port Authority of Singapore (MPA); and
  4. Have good internal controls and maintain high standards of accounting and record-keeping.

The Comptroller may exercise his direction discretion to vary the requirements or impose additional requirements. For more information, please refer Approved Marine Fuel Trader (AMFT) Scheme (e-Tax Guide, 263KB).

Applying for the Scheme

To apply, please submit

  1. GST F16: Application for Approved Marine Fuel Traders Scheme (227KB); and
  2. The following documents to Comptroller of GST:
    1. A concise description of the nature of your business (specify your main products, major suppliers and buyers of Marine Fuel Oil);
    2. A copy of your bunker licence (valid for at least the next 3 months); and
    3. A copy of your latest year-end audited financial statements.

List of Approved Marine Fuel Traders

 

S/No.Unique Entity Number(UEN)/GST-Registration NumberName of Approved PersonDate of ApprovalStatus

1

200009382M

Alliance Oil Trading Pte Ltd

03/2/2005

Effective till 21/01/2014

2

198100533E

Bomin Bunker Oil Pte Ltd

09/10/2007

Effective till 03/12/2018

3

196600436K

BP Singapore Pte. Limited

01/2/2011

Active

4

200811016Z

Brightoil Petroleum (S'pore) Pte. Ltd.

25/5/2010

Effective till 24/05/2019

5

199606769Z

Bunker House Petroleum Pte Ltd

10/1/2005

Active

6

198601202G

Cathay Marine Fuel Oil Trading Pte Ltd

24/2/2006

Active

7

200006955E

Chemoil International Pte. Ltd.

08/12/2011

Effective till 31/10/2018 

8

198802125N

Consort Bunkers Pte Ltd

07/1/2005

Active

9

199802984C

Costank (S) Pte Ltd

03/2/2005

Active

10

200000671E

Equatorial Marine Fuel Management Services Pte Ltd

08/12/2010

Active

11

199801317C

Fratelli Cosulich Bunkers (S) Pte Ltd

27/5/2005

Active

12

198102710H

Glencore Singapore Pte Ltd

4/2/2019

Active

13

199708501D

Global Energy Trading Pte Ltd

24/1/2005

Active

14

198803987E

Golden Island Diesel Oil Trading Pte Ltd

31/1/2005

Active

15199305858DGrandeur Trading & Services Pte Ltd 10/7/2017 Active 

16

199707536Z

Grindrod Trading (Asia) Pte Ltd

05/8/2005

Effective till 31/03/2014

17

197501519K

Hin Leong Marine International (Pte) Ltd

11/12/2017

Active

18

198103248W

Hong Lam Marine Pte Ltd

19/06/2017

Effective till 18/12/2018

19

201115209N

Inter-Pacific Petroleum Pte. Ltd.

25/11/2013

Active

20

198202357C

Lian Hoe Leong & Brothers Pte. Ltd.

21/2/2005

Effective till 21/01/2014

21

199803255H

Lukoil Asia Pacific Pte Ltd

01/2/2005

Effective till 04/08/2015

22

198804744H

Marubeni International Petroleum (S) Pte. Ltd.

13/3/2014

Active

23200712259EMatrix Marine Fuels Pte Ltd  17/4/2017Effective till 16/10/2018 

24

200206250R

Northwest Resources Pte. Ltd.

14/1/2005

Effective till 14/09/2014

25

199201808K

O.W. Bunker Far East (Singapore) Pte Ltd

07/4/2005

Effective till 07/12/2014

26

197800010N

Ocean Bunkering Services (Pte) Ltd

18/3/2005

Active

27

201228099K

Pacific Bunkering Services Pte. Ltd.

06/6/2013

Active

28

199805735H

Panoil Petroleum Pte Ltd

15/3/2005

Effective till 31/08/2017

29

200301809Z

Raffles Bunkering Pte Ltd

27/12/2013

Effective till 20/07/2015

30

198602276R

Searights Maritime Services Pte Ltd

07/1/2005

Effective till 30/06/2016

31

199303409Z

Sentek Marine & Trading Pte Ltd

17/2/2005

Active

32

199207096E

Seven Seas Oil Trading Pte Ltd

30/7/2009

Active

33199200407E Sinanju Marine Services Pte Ltd 23/10/2017Active 
34

200210357G

Singamas Petroleum Trading Pte. Ltd.

23/3/2006

Active

35

199307133N

Sirius Marine Pte Ltd

12/3/2012

Effective till 11/03/2015

36

199006262H

The Barrel Oil Pte Ltd

01/6/2012

Effective till 20/02/2019
37

201231306K

TOTAL Marine Fuels Pte Ltd

20/6/2013

Active

38

198900529G

Toyota Tsusho Petroleum Pte. Ltd.

21/11/2008

Active

39

200302438E

Transocean Oil Pte. Ltd.

4/8/2006

Effective till 05/11/2017

40

199507292C

UNI Petroleum Pte Ltd

7/10/2008

Effective till 03/11/2016

41

200600562K

Universal Energy Pte Ltd

28/7/2010

Effective till 31/08/2017 

42

 200920025G

Vermont UM Bunkering Pte Ltd

1/7/2010

Effective till 27/04/2016 

43

199708514H

Wired Bunkering Pte Ltd

13/7/2005

Active

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