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 |
|---|---|---|---|---|
1 | 198100533E | Bomin Bunker Oil Pte Ltd | 09/10/2007 | Effective till 03/12/2018 |
2 | 196600436K | BP Singapore Pte. Limited | 01/02/2011 | Active |
3 | 200811016Z | Brightoil Petroleum (S'pore) Pte. Ltd. | 25/05/2010 | Effective till 24/05/2019 |
4 | 199606769Z | Bunker House Petroleum Pte Ltd | 01/08/2024 | Active |
| 5 | 198601202G | Cathay Marine Fuel Oil Trading Pte Ltd | 24/02/2006 | Active |
6 | 200006955E | Chemoil International Pte. Ltd. | 08/12/2011 | Effective till 31/10/2018 |
7 | 198802125N | Consort Bunkers Pte Ltd | 07/01/2005 | Active |
8 | 199802984C | Costank (S) Pte Ltd | 03/02/2005 | Effective till 03/02/2020 |
9 | 200000671E | Equatorial Marine Fuel Management Services Pte Ltd | 08/12/2010 | Active |
10 | 199801317C | Fratelli Cosulich Bunkers (S) Pte Ltd | 27/05/2005 | Effective till 22/02/2021 |
11 | 198102710H | Glencore Singapore Pte Ltd | 04/02/2019 | Active |
12 | 199708501D | Global Energy Trading Pte Ltd | 24/01/2005 | Active |
13 | 198803987E | Golden Island Pte. Ltd. | 31/01/2005 | Active |
| 14 | 199305858D | Grandeur Trading & Services Pte Ltd | 10/07/2017 | Active |
15 | 197501519K | Hin Leong Marine International (Pte) Ltd | 11/12/2017 | Effective till 10/12/2020 |
16 | 198103248W | Hong Lam Marine Pte Ltd | 19/06/2017 | Effective till 18/12/2018 |
| 17 | 201115209N | Inter-Pacific Petroleum Pte. Ltd. | 25/11/2013 | Effective till 24/11/2019 |
| 18 | 200006841N | Kenoil Marine Services Pte Ltd | 8/6/2022 | Active |
19 | 199803255H | Lukoil Asia Pacific Pte Ltd | 01/02/2005 | Effective till 04/08/2015 |
| 20 | 201224590Z | Maersk Oil Trading Singapore Pte. Ltd. | 15/09/2019 | Active |
21 | 198804744H | Marubeni International Petroleum (S) Pte. Ltd. | 13/03/2014 | Active |
| 22 | 200712259E | Matrix Marine Fuels Pte Ltd | 17/04/2017 | Effective till 16/10/2018 |
| 23 | 201908383E | Minerva Bunkering Pte Ltd | 17/05/2021 | Active |
24 | 199201808K | O.W. Bunker Far East (Singapore) Pte Ltd | 07/04/2005 | Effective till 07/12/2014 |
25 | 197800010N | Ocean Bunkering Services (Pte) Ltd | 18/03/2005 | Effective till 09/10/2020 |
| 26 | 201228099K | Pacific Bunkering Services Pte. Ltd. | 06/06/2013 | Effective till 31/07/2021 |
27 | 199805735H | Panoil Petroleum Pte Ltd | 15/03/2005 | Effective till 31/08/2017 |
28 | 200301809Z | Raffles Bunkering Pte Ltd | 27/12/2013 | Effective till 20/07/2015 |
29 | 198602276R | Searights Maritime Services Pte Ltd | 07/01/2005 | Effective till 30/06/2016 |
| 30 | 199303409Z | Sentek Marine & Trading Pte Ltd | 17/02/2005 | Active |
| 31 | 199207096E | Seven Seas Oil Trading Pte Ltd | 30/07/2009 | Effective till 31/03/2020 |
| 32 | 200210357G | Singamas Petroleum Trading Pte. Ltd. | 23/03/2006 | Active |
| 33 | 199307133N | Sirius Marine Pte Ltd | 12/03/2012 | Effective till 11/03/2015 |
| 34 | 201932118W | TFG Marine Pte. Ltd. | 26/10/2020 | Active |
| 35 | 199006262H | The Barrel Oil Pte Ltd | 01/06/2012 | Effective till 20/02/2019 |
36 | 201231306K | TotalEnergies Marine Fuels Pte. Ltd. | 20/06/2013 | Active |
| 37 | 198900529G | Toyota Tsusho Petroleum Pte. Ltd. | 21/11/2008 | Effective till 31/08/2023 |
38 | 200302438E | Transocean Oil Pte. Ltd. | 04/08/2006 | Effective till 05/11/2017 |
39 | 199507292C | UNI Petroleum Pte Ltd | 07/10/2008 | Effective till 03/11/2016 |
| 40 | 200600562K | Universal Energy Pte Ltd | 28/07/2010 | Effective till 31/08/2017 |
41 | 200920025G | Vermont UM Bunkering Pte Ltd | 01/07/2010 | Effective till 27/04/2016 |
42 | 199200407E | Vitol Bunkers (S) Pte. Ltd. | 09/10/2023 | Active |
43 | 199708514H | Wired Bunkering Pte Ltd | 13/07/2005 | Effective till 31/08/2019 |