PART I | CONDITIONS FOR REGISTRY OF SHIPS |
2. In this Part —“age”, in relation to a ship, means the difference between —| (a) | the year in which its keel was laid, or was at a similar stage of construction; and | | (b) | the year in which it is to be registered as a Singapore ship; |
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| “citizen of Singapore” includes a permanent resident of Singapore; |
| “foreign owned ship” means a ship that is not locally owned; |
“local company” means a company in which all or a majority of the shares are owned by persons who are —| (a) | citizens of Singapore; or | | (b) | companies in which, or which have holding companies in which, all or a majority of the shares are owned by persons who are citizens of Singapore or local companies. |
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| Owners of ships registered under Part II of Act |
3. The following persons are qualified to be owners of ships which are to be registered under Part II of the Act:| (a) | citizens of Singapore; and | | (b) | bodies corporate incorporated in Singapore. |
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| Closure of registry of certain tugs, barges and ships |
4. The registry of a tug or a barge, or a ship of less than 1,600 gross tons and owned wholly or partly by —| (a) | a local company shall be closed if all or a majority of the shares in the company or its holding company, if any, are; or | | (b) | a citizen of Singapore shall be closed if any share in the tug or barge or ship is, |
| transferred to a person who is not a citizen of Singapore or another local company. |
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5.—(1) A ship, other than a tug or barge, owned wholly or partly by a company shall not be registered unless the company has a minimum paid-up capital of 10% of the value of the ship or $500,000, whichever is the less.| (2) A bareboat charterer which is a company and is not the registered owner of any Singapore ship shall have a minimum paid up capital of $500,000. |
| (3) Notwithstanding paragraph (1), a company shall, for the purposes of that paragraph, have a paid-up capital of at least $50,000. |
| (4) Paragraphs (1) and (2) shall apply to a company only in respect of the first ship to be registered by the company after 28th September 1981. |
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| Requirements as to paid-up capital for company ownership of ships |
6.—(1) A tug or barge owned wholly or partly by a local company which owns only tugs or barges or both shall not be registered unless the company and its holding company, if any, has each a minimum paid-up capital of 10% of the value of the tug or barge or $250,000, whichever is the less.| (2) A bareboat charterer which is a company and is not the registered owner of any Singapore ship shall have a minimum paid up capital of $250,000. |
| (3) Notwithstanding paragraph (1), a company shall, for the purposes of that paragraph, have a paid-up capital of at least $10,000. |
| (4) Paragraphs (1) and (2) shall apply to a company only in respect of the first ship to be registered by the company after 28th September 1981. |
| (5) For the purposes of paragraph (1), “holding company” has the same meaning as in section 5(4) of the Companies Act [Cap. 50]. |
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| Closure of registry of ship upon reduction of paid-up capital of company owner |
7.—(1) Where a company which is required to have the minimum paid-up capital under regulation 5 or 6 for the registry of any ship, tug or barge, reduces its paid-up capital below that minimum, the registry of the ship, tug or barge shall be closed by the Minister.| (2) Where a company referred to in regulation 6(1) owns, besides any tug or barge, any other ship, regulation 5 shall apply to that company. |
| (3) Regulations 3, 4, 5 and 6 and this regulation shall not apply to a ship, tug or barge registered before 28th September 1981. |
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| Registry of foreign owned and locally owned ships |
8.—(1) No foreign owned ship shall be registered unless it is —| (a) | fitted with mechanical means of self-propulsion; and | | (b) | of not less than 1,600 gross tons. |
| (2) No ship above 17 years of age shall be registered unless the Registrar is satisfied that the ship is in a satisfactory condition in all respects. |
| (3) Paragraph (2) shall not apply to a Singapore ship which is registered anew under section 19(1) or 34(1) of the Act. |
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9.—(1) A corporation applying for the registry of a ship under section 11 of the Act shall submit to the Registrar the following particulars:| (a) | the name of the corporation; | | (b) | the name, address and nationality of its chairman or president; | | (c) | the name, address and nationality of each of its directors; | | (d) | its nominal or authorised capital; | | (e) | its paid-up capital; | | (f) | the name, address and nationality of every shareholder of the corporation and the number of shares held by each shareholder; and | | (g) | such other information as the Registrar may require. |
| (2) The owner of a ship shall, when applying for the registry of the ship, submit to the Registrar the name, address, telex number and cable address of the manager of the ship. |
| (3) The owner of a ship shall notify the Registrar of any change in any of the particulars submitted under this regulation in respect of the ship within 30 days of the change. |
| (4) The Registrar may at any time require the owner of a ship to produce such documentary evidence of any of the particulars submitted under this regulation as he thinks fit. |
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