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3. Withdrawal of exemption

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(1)

The Minister may withdraw the exemption granted under paragraph 2 to a shipping enterprise in respect of any Singapore ship if —

(a)

the ship ceases to be registered as a Singapore ship; or

(b)

the certificate of registry of the Singapore ship is suspended for any reason.

(2)

Any withdrawal under sub-paragraph (1) shall not affect the exemption granted under paragraph 2 to a shipping enterprise in respect of any other ships that are registered as Singapore ships by the shipping enterprise.

Subregulation 1

The Minister may withdraw the exemption granted under paragraph 2 to a shipping enterprise in respect of any Singapore ship if —

(a)

the ship ceases to be registered as a Singapore ship; or

(b)

the certificate of registry of the Singapore ship is suspended for any reason.

Subregulation 2

Any withdrawal under sub-paragraph (1) shall not affect the exemption granted under paragraph 2 to a shipping enterprise in respect of any other ships that are registered as Singapore ships by the shipping enterprise.

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