Singapore legislation

Regulation 2

of Income Tax (Prescribed Ship Management Services) Rules 2017

Regulation 2

Prescribed ship management services

The following are prescribed ship management services under the definition of that term in section 13A(16) of the Act:

(a)

making a purchase or sale of a ship, or a decision regarding its ownership;

(b)

deciding on a ship’s flag and registry;

(c)

sourcing for and deciding on financing for a ship’s acquisition;

(d)

awarding contracts, entering into alliances, or deciding on pooling, in respect of a ship;

(e)

securing a ship’s employment or its cargo;

(f)

planning a ship’s route and tonnage, including the issuance of voyage instructions;

(g)

appointing a ship manager, ship agent or stevedore for a ship;

(h)

collecting or arranging for the collection of freight, charter hire, or other payment in exchange for a ship’s use; (i)arranging insurance for a ship;

(j)

undertaking crew‑related matters for a ship, including the provision of qualified crew, the appointment of a crew manager, the provision of crew training or the arrangement of crew insurance;

(k)

arranging or supervising dry‑docking, repair, overhaul, alteration, maintenance or lay‑up of a ship;

(l)

ensuring that a ship is adequately equipped with supplies, provisions, spares, stores and lubricating oil;

(m)

supervising the construction, conversion or registration of a ship;

(n)

liaising with the relevant competent authorities or bodies on safety and manning requirements for a ship and any other similar matters;

(o)

arranging for the provision of bunkers for a ship;

(p)

providing post‑fixture services for a ship, including —

(i)

voyage estimating; or

(ii)

accounting or calculation of hire, freight, demurrage, or despatch moneys, due from or to charterers;

(q)

arranging for surveys of a ship;

(r)

undertaking any work requiring technical expertise (including basic design and front end engineering works) for a ship;

(s)

appointing surveyors and technical consultants for a ship;

(t)

supervising a sale and the physical delivery of a ship;

(u)

arranging for the sampling and testing of bunkers for a ship;

(v)

providing pre‑purchase inspection of a ship;

(w)

ensuring that organisational, flag state, local port state and international requirements in relation to a ship are complied with (including auditing such requirements);

(x)

supervising the maintenance and general efficiency of a ship.

Read in full context — Income Tax (Prescribed Ship Management Services) Rules 2017 →