(1) In this section -
'bareboat charter terms' has the same meaning as it has in section 697A;
'international shipping activities' means -
(a) transportation of passengers or cargo by ship in international traffic, whether the ship is owned, leased or otherwise at the disposal of the constituent entity,
(b) transportation of passengers or cargo by ship in international traffic under slot-chartering arrangements,
(c) leasing of a ship to be used for the transportation of passengers or cargo in international traffic on charter fully equipped, crewed and supplied,
(d) leasing of a ship used for the transportation of passengers or cargo in international traffic, on bareboat charter terms, to another constituent entity,
(e) participation in a pool, a joint business or an international operating agency for the transportation of passengers or cargo by ship in international traffic, and
(f) sale of a ship used for the transportation of passengers or cargo in international traffic provided that
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