LANGSAT OSC SDN BHD, a company incorporated under the Malaysian Companies Act 2016 (Company No.1051440-V), is a joint venture between LANGSAT MARINE BASE SDN BHD, a company incorporated under the Malaysian Companies Act 2016 and OSC INTERNATIONAL SDN BHD, a company incorporated in Malaysia and a wholly owned subsidiary of OILFIELDS SUPPLY CENTER LTD, a limited liability company organized and existing under the laws and regulations of the Emirate of Dubai, The United Arab Emirates.
The nature of LOSC’s business is to manage and operate the oilfield supply base offering licensed LMW(Licensed Manufacturing Warehouse) and Public Bonded warehouse (GBA) facilities providing workshop/warehouses and bonded open yard storage specifically catering for the Oil and Gas service companies operating in the Asia Pacific region
Public Bonded Warehouse (GBA) – GBA is a customs-controlled warehouse licenced under Section 65 of the Customs Act 1967, wherein the dutiable goods are stored without the necessity of paying any customs duties or taxes at the point of entering the GBA.