Clause 6

by inserting, immediately after the words “Singapore ships” in subsections (1), (4), (10) (definition of “shipping enterprise”) and (11), the words “or foreign ships”;

by inserting, immediately after the word “exemption” in subsection (1A), the words “in respect of Singapore ships”;

by inserting, immediately after the words “Singapore ship” in subsections (2), (2A) and (3)(b), the words “or foreign ship”;

by inserting, immediately before the definition of “holding company” in subsection (10), the following definition:“ “foreign ship” has the same meaning as in section 13F;”;

by deleting the definition of “income of a shipping enterprise” in subsection (10) and substituting the following definition:“ “income of a shipping enterprise” means the income derived by a shipping enterprise from the carriage (other than within the limits of the port of Singapore) of passengers, mails, livestock or goods —

by sea-going Singapore ships, or from towing or salvage operations carried out (other than within the limits of the port of Singapore) by sea-going Singapore ships, and includes the income from the charter of such ships; or

shipped in Singapore by foreign ships, excluding such carriage arising solely from transhipment from Singapore;”;

by deleting the word “of” where it first occurs in the second line of subsection (16)(a) and substituting the words “derived or deemed to be derived from the operation of Singapore ships by”;

by inserting, immediately after the word “income” in the sixth line of subsection (16)(b), the words “(other than income exempt under this section)”; and

by inserting, immediately after the word “income” in the eighth line of subsection (16)(c), the words “(other than income exempt under this section)”.