Glencore chartered vessel sues BoC over ‘unwarranted seizure and detention’

Chartered vessel MT Alpine Magnolia, owned by trading giant Glencore Singapore Pte Ltd, sought relief from the Court of Tax Appeals (CTA) in the face of the Bureau of Customs (BoC) inaction on its urgent appeal for it to be released from “unwarranted seizure and detention.”

In its appeal, MT Alpine Magnolia said the unfounded allegation of the BoC and its wrongful seizure of the vessel was carried out without due process thus besmirching its reputation in the international business community, and causing a major client, BP Group, one of world’s biggest energy companies, to put its business with MT Alpine Magnolia on hold “until BP Shipping is satisfied that adequate measures have been taken in respect of this incident.”