On 19/06/2013,
you requested for the version in force on 19/06/2013
incorporating all amendments published on or before 19/06/2013.
The closest version currently available is that of 26/11/2010.
6. Section 13F of the principal Act is amended —
(a)
by deleting the full-stop at the end of paragraph (d) of subsection (1) and substituting a semi-colon, and by inserting immediately thereafter the following paragraph:
“(e)
on or after 22nd February 2010 from the provision of ship management services to any qualifying special purpose vehicle in respect of ships owned or operated by the qualifying special purpose vehicle.”;
(b)
by deleting the words “the business of carriage or charter” in subsection (4) and substituting the words “any operation, activity or service”; and
(c)
by deleting the full-stop at the end of the definition of “international shipping enterprise” in subsection (6) and substituting a semi-colon, and by inserting immediately thereafter the following definitions:
“ “qualifying special purpose vehicle”, in relation to an approved international shipping enterprise, means —
(a)
an approved company —
(i)
which is incorporated and resident in Singapore; and
(ii)
at least 50% of the total number of the issued ordinary shares of which are beneficially owned, whether directly or indirectly, by the approved international shipping enterprise;
(b)
an approved company —
(i)
which is incorporated outside Singapore; and
(ii)
at least 25% of the total number of the issued ordinary shares of which are beneficially owned, whether directly or indirectly, by the approved international shipping enterprise; or
(c)
an approved partnership —
(i)
which is registered or formed outside Singapore; and
(ii)
of which the approved international shipping enterprise is a partner and is entitled to at least 25% of its income;
“ship management services” has the same meaning as in section 13A(16).”.