A Temporary Certificate of Entitlement (TCOE) cannot be cancelled. The TCOE is the result of a successful bid which not only contributes to the setting of the COE Quota Premium but also deprives another person from obtaining a COE at the same exercise. Hence, prospective vehicle owner must be prepared to utilise the TCOE that is successfully bid under his/her name to register the vehicle before the TCOE expiry date. If the owner chooses not to utilise the TCOE for whatever reason, the bid deposit would be forfeited.
11 months ago