Regulation 4

For the purposes of regulation 3(1), where an approved section 43ZE company carries out any activity referred to in the definition of “ship broking” or “forward freight agreement trading” in section 43ZE(5) of the Act, before 1st June 2011, all of the activities referred to in the definitions of “ship broking” and “forward freight agreement trading” shall be deemed to be shipping-related support services approved for the company under section 43ZF of the Act.

For the purposes of regulation 3(2), any service or activity which relates to ship management, ship agency, logistics or freight forwarding, being a qualifying activity specified in the certificate issued under section 19J(2) of the Economic Expansion Incentives (Relief from Income Tax) Act (Cap. 86) to an approved development and expansion company before 1st June 2011, shall be deemed to be a shipping-related support service approved for the company under section 43ZF of the Act.