Under MFT Scheme, approved businesses need not pay GST when making local purchases of approved marine fuel oil from any GST-registered suppliers.
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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:
- Be a business incorporated or registered in Singapore and your primary business activity is supplying bunker fuel for use onboard ocean-going ships;
- Be registered for GST and have good compliance records in terms of tax compliance and payment;
- Hold a valid bunkering licence with the Maritime Port Authority of Singapore (MPA); and
- 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 to Approved Marine Fuel Trader (AMFT) Scheme (PDF, 3980KB).
Applying for the scheme
To apply, please submit
- GST F16: Application for Approved Marine Fuel Traders Scheme; and
- The following documents to Comptroller of GST:
- A concise description of the nature of your business (specify your main products, major suppliers and buyers of Marine Fuel Oil);
- A copy of your bunker licence (valid for at least the next 3 months); and
- A copy of your latest year-end audited financial statements.
List of Approved Marine Fuel Traders
Businesses that are approved under the Approved MFT Scheme are listed in the table below.
| S/No. | Unique Entity Number (UEN) / GST registration number | Name of approved person | Date of approval | Status |
|---|---|---|---|---|
| S/No. 1 | Unique Entity Number (UEN) / GST registration number 198100533E | Name of approved person Bomin Bunker Oil Pte Ltd | Date of approval 09/10/2007 | Status Effective till 03/12/2018 |
| S/No. 2 | Unique Entity Number (UEN) / GST registration number 196600436K | Name of approved person BP Singapore Pte. Limited | Date of approval 01/02/2011 | Status Active |
| S/No. 3 | Unique Entity Number (UEN) / GST registration number 200811016Z | Name of approved person Brightoil Petroleum (S'pore) Pte. Ltd. | Date of approval 25/05/2010 | Status Effective till 24/05/2019 |
| S/No. 4 | Unique Entity Number (UEN) / GST registration number 199606769Z | Name of approved person Bunker House Petroleum Pte Ltd | Date of approval 01/08/2024 | Status Active |
| S/No. 5 | Unique Entity Number (UEN) / GST registration number 198601202G | Name of approved person Cathay Marine Fuel Oil Trading Pte Ltd | Date of approval 24/02/2006 | Status Active |
| S/No. 6 | Unique Entity Number (UEN) / GST registration number 200006955E | Name of approved person Chemoil International Pte. Ltd. | Date of approval 08/12/2011 | Status Effective till 31/10/2018 |
| S/No. 7 | Unique Entity Number (UEN) / GST registration number 198802125N | Name of approved person Consort Bunkers Pte Ltd | Date of approval 07/01/2005 | Status Active |
| S/No. 8 | Unique Entity Number (UEN) / GST registration number 199802984C | Name of approved person Costank (S) Pte Ltd | Date of approval 03/02/2005 | Status Effective till 03/02/2020 |
| S/No. 9 | Unique Entity Number (UEN) / GST registration number 200000671E | Name of approved person Equatorial Marine Fuel Management Services Pte Ltd | Date of approval 08/12/2010 | Status Active |
| S/No. 10 | Unique Entity Number (UEN) / GST registration number 199801317C | Name of approved person Fratelli Cosulich Bunkers (S) Pte Ltd | Date of approval 27/05/2005 | Status Effective till 22/02/2021 |
| S/No. 11 | Unique Entity Number (UEN) / GST registration number 198102710H | Name of approved person Glencore Singapore Pte Ltd | Date of approval 04/02/2019 | Status Active |
| S/No. 12 | Unique Entity Number (UEN) / GST registration number 199708501D | Name of approved person Global Energy Trading Pte Ltd | Date of approval 24/01/2005 | Status Active |
| S/No. 13 | Unique Entity Number (UEN) / GST registration number 198803987E | Name of approved person Golden Island Pte. Ltd. | Date of approval 31/01/2005 | Status Active |
| S/No. 14 | Unique Entity Number (UEN) / GST registration number 199305858D | Name of approved person Grandeur Trading & Services Pte Ltd | Date of approval 10/07/2017 | Status Active |
| S/No. 15 | Unique Entity Number (UEN) / GST registration number 197501519K | Name of approved person Hin Leong Marine International (Pte) Ltd | Date of approval 11/12/2017 | Status Effective till 10/12/2020 |
| S/No. 16 | Unique Entity Number (UEN) / GST registration number 198103248W | Name of approved person Hong Lam Marine Pte Ltd | Date of approval 19/06/2017 | Status Effective till 18/12/2018 |
| S/No. 17 | Unique Entity Number (UEN) / GST registration number 201115209N | Name of approved person Inter-Pacific Petroleum Pte. Ltd. | Date of approval 25/11/2013 | Status Effective till 24/11/2019 |
| S/No. 18 | Unique Entity Number (UEN) / GST registration number 200006841N | Name of approved person Kenoil Marine Services Pte Ltd | Date of approval 8/6/2022 | Status Active |
| S/No. 19 | Unique Entity Number (UEN) / GST registration number 199803255H | Name of approved person Lukoil Asia Pacific Pte Ltd | Date of approval 01/02/2005 | Status Effective till 04/08/2015 |
| S/No. 20 | Unique Entity Number (UEN) / GST registration number 201224590Z | Name of approved person Maersk Oil Trading Singapore Pte. Ltd. | Date of approval 15/09/2019 | Status Active |
| S/No. 21 | Unique Entity Number (UEN) / GST registration number 198804744H | Name of approved person Marubeni International Petroleum (S) Pte. Ltd. | Date of approval 13/03/2014 | Status Active |
| S/No. 22 | Unique Entity Number (UEN) / GST registration number 200712259E | Name of approved person Matrix Marine Fuels Pte Ltd | Date of approval 17/04/2017 | Status Effective till 16/10/2018 |
| S/No. 23 | Unique Entity Number (UEN) / GST registration number 201908383E | Name of approved person Minerva Bunkering Pte Ltd | Date of approval 17/05/2021 | Status Active |
| S/No. 24 | Unique Entity Number (UEN) / GST registration number 199201808K | Name of approved person O.W. Bunker Far East (Singapore) Pte Ltd | Date of approval 07/04/2005 | Status Effective till 07/12/2014 |
| S/No. 25 | Unique Entity Number (UEN) / GST registration number 197800010N | Name of approved person Ocean Bunkering Services (Pte) Ltd | Date of approval 18/03/2005 | Status Effective till 09/10/2020 |
| S/No. 26 | Unique Entity Number (UEN) / GST registration number 201228099K | Name of approved person Pacific Bunkering Services Pte. Ltd. | Date of approval 06/06/2013 | Status Effective till 31/07/2021 |
| S/No. 27 | Unique Entity Number (UEN) / GST registration number 199805735H | Name of approved person Panoil Petroleum Pte Ltd | Date of approval 15/03/2005 | Status Effective till 31/08/2017 |
| S/No. 28 | Unique Entity Number (UEN) / GST registration number 200301809Z | Name of approved person Raffles Bunkering Pte Ltd | Date of approval 27/12/2013 | Status Effective till 20/07/2015 |
| S/No. 29 | Unique Entity Number (UEN) / GST registration number 198602276R | Name of approved person Searights Maritime Services Pte Ltd | Date of approval 07/01/2005 | Status Effective till 30/06/2016 |
| S/No. 30 | Unique Entity Number (UEN) / GST registration number 199303409Z | Name of approved person Sentek Marine & Trading Pte Ltd | Date of approval 17/02/2005 | Status Effective till 03/02/2025 |
| S/No. 31 | Unique Entity Number (UEN) / GST registration number 199207096E | Name of approved person Seven Seas Oil Trading Pte Ltd | Date of approval 30/07/2009 | Status Effective till 31/03/2020 |
| S/No. 32 | Unique Entity Number (UEN) / GST registration number 200210357G | Name of approved person Singamas Petroleum Trading Pte. Ltd. | Date of approval 23/03/2006 | Status Active |
| S/No. 33 | Unique Entity Number (UEN) / GST registration number 199307133N | Name of approved person Sirius Marine Pte Ltd | Date of approval 12/03/2012 | Status Effective till 11/03/2015 |
| S/No. 34 | Unique Entity Number (UEN) / GST registration number 201932118W | Name of approved person TFG Marine Pte. Ltd. | Date of approval 26/10/2020 | Status Active |
| S/No. 35 | Unique Entity Number (UEN) / GST registration number 199006262H | Name of approved person The Barrel Oil Pte Ltd | Date of approval 01/06/2012 | Status Effective till 20/02/2019 |
| S/No. 36 | Unique Entity Number (UEN) / GST registration number 201231306K | Name of approved person TotalEnergies Marine Fuels Pte. Ltd. | Date of approval 20/06/2013 | Status Active |
| S/No. 37 | Unique Entity Number (UEN) / GST registration number 198900529G | Name of approved person Toyota Tsusho Petroleum Pte. Ltd. | Date of approval 21/11/2008 | Status Effective till 31/08/2023 |
| S/No. 38 | Unique Entity Number (UEN) / GST registration number 200302438E | Name of approved person Transocean Oil Pte. Ltd. | Date of approval 04/08/2006 | Status Effective till 05/11/2017 |
| S/No. 39 | Unique Entity Number (UEN) / GST registration number 199507292C | Name of approved person UNI Petroleum Pte Ltd | Date of approval 07/10/2008 | Status Effective till 03/11/2016 |
| S/No. 40 | Unique Entity Number (UEN) / GST registration number 200600562K | Name of approved person Universal Energy Pte Ltd | Date of approval 28/07/2010 | Status Effective till 31/08/2017 |
| S/No. 41 | Unique Entity Number (UEN) / GST registration number 200920025G | Name of approved person Vermont UM Bunkering Pte Ltd | Date of approval 01/07/2010 | Status Effective till 27/04/2016 |
| S/No. 42 | Unique Entity Number (UEN) / GST registration number 199200407E | Name of approved person Vitol Bunkers (S) Pte. Ltd. | Date of approval 09/10/2023 | Status Active |
| S/No. 43 | Unique Entity Number (UEN) / GST registration number 199708514H | Name of approved person Wired Bunkering Pte Ltd | Date of approval 13/07/2005 | Status Effective till 31/08/2019 |