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BIMCO has warned against situations where fake “brokers” will attempt to trick owners into fixtures where there is no cargo available. The con also involves a request for advance funds to be remitted to an account allegedly belonging to the “agents” at the loading port.
Singapore Port Authority drives a hard line on bunker fraud.
BIMCO is developing a clause dealing with cyber security risks and incidents that might affect the ability of one of the parties to perform their contractual obligations.
Bunker fuel traders in China say the use of mass flow meters at local ports is increasing amid growing expectations their usage will become mandatory in the near future.