Clause 14

The fee for the initial registration or registration anew of a ship registered under this Part shall be $2.50 per net ton of the ship, subject to a minimum of $1,250 and a maximum of $100,000.

An annual tonnage tax of 20 cents per net ton, subject to a minimum of $100, shall be payable in respect of every Singapore ship.

The annual tonnage tax shall be paid at the time of initial registration or registration anew of the ship and thereafter annually on or before the anniversary date of the initial registration or registration anew, as the case may be.

All unpaid fees and tonnage taxes in respect of any ship due to the Registrar shall constitute a maritime lien on the ship, subject only to liens for wages.

The Minister may, either generally or on specific occasions, reduce the fee or annual tonnage tax prescribed under this section.