s 14 Fees and tonnage taxes on registration
14.—(1) The fee for the initial registration or registration anew of a ship registered under this Part is $2.50 per net ton of the ship, subject to a minimum of $1,250 and a maximum of $100,000. (2) An annual tonnage tax of 20 cents per net ton, subject to a minimum of $100, is payable in respect of every Singapore ship. (3) The annual tonnage tax must be paid at the time of initial registration or registration anew of the ship and thereafter annually on or before the anniversary date of the initial registration or registration anew, as the case may be. (4) All unpaid fees and tonnage taxes in respect of any ship due to the Registrar constitute a maritime lien on the ship, subject only to liens for wages. (5) The Minister may, either generally or on specific occasions, reduce the fee or annual tonnage tax prescribed under this section. (6) Any person authorised by the Minister for the purposes of this subsection may, either generally or on specific occasions, reduce the fee prescribed under subsection (1).[3/2019]