Clause 6

in subsections (1CH)(a) and (1CI)(a), after “offshore renewable energy activity”, insert “(carried out before 19 February 2025), renewable energy activity (carried out on or after 19 February 2025)”;

replace subsection (1CJ) with —“(1CJ) The income of a shipping enterprise mentioned in this section includes the following income derived by it from foreign exchange and risk management activities that are carried out in connection with and incidental to an activity mentioned in subsection (1CH) or (1CI):

where the activity relates to offshore renewable energy activity — such income that is derived between 25 March 2016 and 18 February 2025 (both dates inclusive);

where the activity relates to renewable energy activity — such income that is derived on or after 19 February 2025;

where the activity relates to offshore mineral activity — such income that is derived on or after 25 March 2016.”;

in subsection (3)(b), replace “or (1CK)” with “, (1CK) or (1CL)”;

in subsection (16), in the definitions of “holding” and “mobilisation”, after “offshore renewable energy activity”, insert “, renewable energy activity”; and

in subsection (16), in the definition of “operation”, in paragraph (a), replace sub‑paragraph (v) with —“(v)the use, between 25 March 2016 and 18 February 2025 (both dates inclusive), outside the limits of the port of Singapore of the ship for offshore renewable energy activity;