Further significant developments have occurred since the Association first reported on this matter. Members are advised to carefully review their potential exposure. The Association has had the benefit of the significant input and work conducted by its Copenhagen office since the beginning of this situation. The situation Further to the Association's advices of 7 November 2014, more information has come to light with respect to the potential impact and scale of the consequences from the bankruptcy of OW Bunker A/S in Denmark. As of today's date, the Association is aware of OW companies declaring bankruptcy or taking steps in that regard in Denmark, Germany, Singapore and the USA. Among these are the parent OW Bunker A/S, OW Bunker & Trading, OW Bunker Supply & Trading as well as OW Bunker Far East. At present the situation with respect to Dynamic Oil Trading is not sufficiently clear to make a firm statement, but there are likely to be developments in the near future. The Association is aware of there being possibly up to 40 OW Bunker and related offices around the world and a number of different trading names. As such it is likely that further news and developments will occur in a number of jurisdiction in the near future and members are advised to follow these closely to see how they may be affected. Affected parties As a result of this situation a number of different parties have been directly affected. In the shipping context that includes: Shipowners that have bunkers on board supplied by or through OW or an affiliated company Time charterers that ordered or received on a chartered vessel such bunkers Bunker brokers and traders involved in the arrangement of the supply Actual performing suppliers of fuel Bunker barge owners and charterers involved in a supply or supply contract related to OW or an affiliated company As such a significant number of companies may be directly or indirectly affected by this still developing situation. Bankruptcy effect Whil