3. The Customs (Customs Airports) Regulations are amended by inserting, immediately after regulation 2, the following regulation:
“Customs airports for separate and exclusive import, export and transhipment
3. All such part of the Air Cargo Express Hub (commonly referred to as the ACE Hub) within the Airport Logistics Park of Singapore Free Trade Zone at Changi Airport as is under the possession and management of Federal Express (S) Pte. Ltd. shall be a customs airport for the separate and exclusive import, export and transhipment of goods by air by Federal Express (S) Pte. Ltd.”.