On 20/06/2013,
you requested for the version in force on 20/06/2013
incorporating all amendments published on or before 20/06/2013.
The closest version currently available is that of 26/11/2010.
4. Section 13A of the principal Act is amended —
(a)
by inserting, immediately after subsection (1B), the following subsection:
“(1C) The income of a shipping enterprise referred to in this section shall include income derived on or after 22nd February 2010 by the shipping enterprise from the provision of ship management services to any qualifying company in respect of Singapore ships owned or operated by the qualifying company.”;
(b)
by inserting, immediately after the words “from Singapore” in paragraph (b) of the definition of “operation” in subsection (16), the words “, or is only within the limits of the port of Singapore”;
(c)
by inserting, immediately after the definition of “operation” in subsection (16), the following definition:
“ “qualifying company”, in relation to a shipping enterprise, means a company at least 50% of the total number of the issued ordinary shares of which are beneficially and directly owned by the enterprise;”; and
(d)
by inserting, immediately before the definition of “shipping enterprise” in subsection (16), the following definition:
“ “ship management services” means any of the following activities in respect of a ship:
(a)
making a purchase or sale of it, or a decision regarding its ownership;
(b)
deciding on its flag and registry;
(c)
sourcing for and deciding on financing for its acquisition;
(d)
awarding contracts, entering into alliances or deciding on pooling in respect of it;
(e)
securing its employment or its cargo;
(f)
planning its route and tonnage;
(g)
appointing a ship manager or ship agent for it;
(h)
collecting freight in exchange for its use;
(i)
arranging insurance for it;
(j)
undertaking crew related matters such as the appointment of a crew manager;
(k)
arranging dry-docking or ship repairs or overhaul;
(l)
ensuring that it is adequately equipped with supplies, provisions, spares and stores;
(m)
supervising its construction, conversion or registration;
(n)
liaising with the relevant competent authorities or bodies on ship safety and manning requirements and other similar matters;”.