Clause 10

by deleting the words “a person not resident in Singapore (excluding any permanent establishment in Singapore) or to another approved international shipping enterprise where such ship is used by that person or enterprise” in paragraphs (a)(ii) and (c)(ii) and substituting in each case the words “any person where such ship is used by the person”;

by deleting paragraph (b) and substituting the following paragraph:“(b)for the year of assessment 2005 and subsequent years of assessment from —

the operation outside the limits of the port of Singapore of any dredger, seismic ship or any vessel used for offshore oil or gas activity; and

the charter of any foreign dredger, foreign seismic ship, or any foreign vessel used for offshore oil or gas activity to any person where such dredger, seismic ship or vessel is used by the person for his operation outside the limits of the port of Singapore;”;

by inserting, at the end of paragraph (c)(i), the word “and”;

by deleting the semi-colon at the end of paragraph (c)(ii) and substituting a full-stop; and

by deleting sub-paragraphs (iii) and (iv) of paragraph (c).