imposed by the International Maritime Organization (IMO) which will be in full effect on the 1st of January, 2020, which dictates that international vessels and bunkers are to use fuel with Sulphur

, lower heavy crude exports from Venezuela after the US government imposed sanctions, resulting in a lower quantities of fuel oil export to Singapore. Management Discussion and Analysis of Business

arranged for the person with the characteristics under (1)(2) or (3) to avoid compliance with the regulations for consideration under (1)(2) or (3) imposed by the SEC Office. Clause 18 The provisions under

(3) to avoid compliance with the regulations for consideration under (1)(2) or (3) imposed by the SEC Office. The provisions under Paragraph 1(1) and (2), as the case may be, shall not apply to such

(3) to avoid compliance with the regulations for consideration under (1)(2) or (3) imposed by the SEC Office. The provisions under Paragraph 1(1) and (2), as the case may be, shall not apply to such

consideration under (1)(2) or (3) imposed by the SEC Office. The provisions under Paragraph 1(1) and (2), as the case may be, shall not apply to such person having the characteristics under Paragraph 1(1) or (2