IMPORTANT NOTICE: THESE RULES AND REGULATIONS (“RULES”) SHALL GOVERN THE TRADE AND CONNECTIVITY CHALLENGE - 4TH EDITION (“CHALLENGE”). BY YOUR ENTRY AND PARTICIPATION IN THE CHALLENGE YOU AGREE TO BE BOUND BY THESE RULES. ENTERPRISE SINGAPORE (“ORGANISER”) RESERVES THE RIGHT TO AT ANY TIME, CANCEL OR AMEND ALL OR ANY PART OF THE CHALLENGE AND/OR THE RULES AS IT DEEMS FIT AND WITHOUT NOTICE. IT IS THE PARTICIPANTS’ RESPONSIBILITY TO KEEP THEMSELVES INFORMED AS TO ANY CHANGES TO THE CHALLENGE AND/OR THE RULES. IN THE EVENT OF ANY QUESTION OR MATTER ARISING OUT OF ANY POINT THAT IS NOT EXPRESSLY PROVIDED FOR IN ANY OF THE RULES, THE DECISION OF THE ORGANISER SHALL BE FINAL.

IN THE EVENT OF ANY DISPUTE REGARDING THE RULES, THE CONDUCT OR RESULTS OF THE CHALLENGE, OR ANY OTHER MATTER RELATING TO THE CHALLENGE, THE ORGANISER’S DECISION SHALL BE FINAL AND UNCHALLENGEABLE AND NO CORRESPONDENCE OR DISCUSSION SHALL BE ENTERED INTO, COMMENT ISSUED, OR REASON GIVEN IN RESPECT OF ANY DECISION MADE BY THE ORGANISER.

This Challenge is sponsored by Enterprise Singapore (the “Organiser”) and by Bollore Logistics Singapore Pte. Ltd., Equatorial Marine Fuel Management Services Pte. Ltd., IMC Pan Asia Alliance Pte. Ltd., PSA Corporation Limited, Tionale Pte. Ltd. and Toll Logistics Asia Limited (the “Challenger Sponsors”); with the full support of Agorize (the “Co-Organiser”) for all aspects of the Challenge.

Organiser (the “Organiser”): Enterprise Singapore, a statutory board established pursuant to the Enterprise Singapore Board Act (No. 10 of 2018), having its place of business at 230 Victoria Street #10-00, Bugis Junction Office Tower, Singapore 188024, is the government agency championing enterprise development. The agency works with committed companies to build capabilities, innovate and internationalise.

Corporate Challenge Sponsors (the “Challenge Sponsors”):

Bollore Logistics Singapore Pte. Ltd. (198304000N), a private limited company incorporated in Singapore, with its registered office at 101 Alps Avenue, #03-01, Singapore 498793

Equatorial Marine Fuel Management Services Pte. Ltd. (2000-00671-E), a private limited company incorporated in Singapore, with its registered office at 38 Carpenter Street #05-01, Singapore 059917

IMC Pan Asia Alliance Pte. Ltd. (199101234N), a private limited company incorporated in Singapore, with its registered office at 3 Anson Road #06-01, Springleaf Tower, Singapore 079909

PSA Corporation Limited (199706229Z), a private limited company incorporated in Singapore, with its registered office at 1 Habour Drive, #03-00, PSA Horizons, Singapore 117352

Tionale Pte. Ltd. (198203719G), a private limited company incorporated in Singapore, with its registered office at 11-01/05 High Street Plaza, 77 High Street, Singapore 179433

Toll Logistics Asia Limited (199408934C) a private limited company incorporated in Singapore, with its registered office at 5 Clementi Loop, Singapore 129816

Co-Organiser (the “Co-Organiser”): Agorize, a French Simplified Joint Stock Company (Société par Actions Simplifiée, or SAS), registered within the Commercial and Companies Register of Paris under number 530 774 439, and has its registered office at 15 Rue Béranger, 75003 Paris, France.

The Organiser, the Corporate Challenge Sponsors and the Co-Organiser shall be considered as joint Organisers (the “Joint Organisers”) of the Challenge.

 

I. INTRODUCTION

1. The Challenge will be held from 26 October 2022 to 28 July 2023, both dates inclusive ("Challenge Period"). The Organiser reserves the right in its sole discretion to cancel, modify or suspend the Challenge or any part thereof at any time or re-schedule the dates of the Challenge or extend the Challenge Period.
   
   
2. The Organiser may terminate or suspend the Challenge at any time at its sole and absolute discretion. Such termination or suspension will not give rise to any claim by the participant. The Organiser reserves the right not to award funding if in its opinion none of the submissions received is of sufficient merit.

 

II. ELIGIBILITY

3. The Challenge is open to all local and foreign-registered startups. All applicants/entrants/participants ("Participants") must be above the age of 18 years old as at the date of entry and must submit their project proposals (“Project Proposals”) detailing their solution to a particular challenge statement (“Challenge Statement”) launched under the Challenge, via the official website at https://tradeandconnectivity.innovation-challenge.sg/.
   
   
4. Employees, representatives, and family members of the Joint Organisers should declare such relationships to the Joint Organisers that they are submitting their Project Proposals to.
   
   
5. Project Proposals with solutions that have received funding from other programmes run by government agencies or statutory boards should declare the funding received and project details to the Organiser.
   
   
6. Funding eligibility

6.1 For all challenge statements under the Trade and Connectivity Challenge - 4th Edition, the Organiser may support startups* (Participants) with the Startup SG Grant (“Grant”). Awarded Participants may be required to submit a proposal for the Grant through the Business Grant Portal (“BGP”). More information on documents required for submission can be found in the application form in BGP or will be extended to the selected startups by Enterprise Singapore. The proposal and agreement will then be reviewed by the Organiser to determine the final amount of funding.

*The definition of startups, for the purposes of the Grant, shall:

• Be incorporated as a private limited company** for less than ten (10) years at the launch of the Challenge;
• Company’s Group Annual Sales Turnover of not more than S$100 million, or Company’s Group Employment Size of not more than 200 workers;
• Not be a subsidiary or joint-venture of existing enterprises.

6.2 To accept the Startup SG grants, the Participants must:

• Dedicate a reasonable amount of their time on the business, not be employed full time by another employer and must be a key decision-maker in the company.
• Register / have registered a private limited company in Singapore.
• Business activities run by the company should be conducted wholly or mainly** in Singapore.
• The grant will be disbursed on an award basis, tied to the achievement of developmental milestones.
• The proposed business idea must not be in the following list: cafes, restaurants, night clubs, lounges, bars, foot reflexology, massage parlours, gambling, prostitution, social escort services, employment agencies (including recruiting foreign work permit holders and workers/ support staff, relocation services, and manpower services), and geomancy.
• Understand that Enterprise Singapore reserves the rights to change the terms and conditions of the grant as may be specified and deemed necessary. 

**Overseas Participants are welcome to join the challenge. Details to be worked out with Enterprise Singapore (Organiser) and any additional conditions and/or requirements required by Enterprise Singapore may be added to the final grant approval letter.

The Organiser may review and amend any of the requirements in Section II in its sole discretion on a case-by-case basis.

III. REGISTRATION

7. Participants are required to register for the Challenge by submitting a Project Proposal via the official website of the Challenge at https://tradeandconnectivity.innovation-challenge.sg/ and the same must be received by the Joint Organisers on or before 31 March 2023, at 11:59PM GMT+8 (midnight) Singapore Time (SGT) ("Entry Deadline"). Each submission must be accurate and contain all required information. Incomplete or late entries may not be entertained. The Joint Organisers accept no responsibility for any late, lost or misdirected submissions including delays and/or failure of any electronic or telecommunication systems, including but not limited to technical faults and/or network disruptions/congestions. The Joint Organisers are not responsible for any technical or human error which may occur during the registration and/or administration of the Challenge.
   
   
8. Submission of an application does not guarantee the Participants the opportunity to participate in the Challenge. The Organiser reserves the right in its sole and absolute discretion, to reject or refuse participation of any Participants without providing any reason whatsoever.
   
   
9. Participants may be required by the Organiser to provide further information and shall do so within the timeframe specified by the Organiser for the information to be furnished, failing which the Participants would be deemed to have withdrawn from the Challenge. 

10. The official language of the Challenge is English. All Challenge matters, including registration, correspondence, and project submission, etc. must be completed in English.

11. As part of the registration process for the Challenge, Participants will disclose personal information which may constitute “Personal Data” for the purposes of the Personal Data Protection Act (“PDPA”) of Singapore. Each Participant is deemed to have consented to the Joint Organisers’ collection, use and processing of the said Personal Data for the purposes of administering and conducting the Challenge, and further consents to the receipt of marketing material from the Organiser, the Co-Organiser and/or the Corporate Challenge Sponsors and any of its related companies.

12. By entering the Challenge, each Participant represents and warrants that he: (a) meets all eligibility requirements of the Challenge; (b) has complied with and will comply in all respects with these Rules, and all applicable laws; and (c) the information provided in the entrant's submission, including without limitation all contact information, is true, accurate, and complete in all respects. 

13. Any false information provided within the context of the Challenge by any Participants or non-compliance with any of these Rules, or the like, may result in the immediate elimination of the Participants from the Challenge. 

14. Without prejudice to any of the foregoing, the Joint Organisers reserve the right to suspend or terminate any Participants from the Challenge in the event that clauses 12 and/or 13 are breached.

 

IV. JUDGING

15. The Organiser and Corporate Challenge Sponsors will reserve sole discretion to shortlist solutions which may be further evaluated by a panel of judges (“Panel”) that may consist of representatives from the Organiser, the Corporate Challenge Sponsors and/or other Industry experts invited by the Organiser and Corporate Challenge Sponsors.
    
    
16. The Panel’s decisions in all matters relating to the Challenge, including eligibility of the Participants and the selection of the winners, will be final and shall not be obliged to entertain any correspondence or queries in relation to the same. The Panel shall not be obliged to select a winner if, in their view, none of the Project Proposals is of sufficient merit. Participants are advised to understand the judging criteria well to improve their chances of success.
    
    
17. The Corporate Challenge Sponsors may, in their sole discretion, and independent of the Organiser and Co-Organiser choose to further develop any Project Proposals with any of the Participants participating in the Challenge.
    
    
18. The Organiser reserves the right to disqualify entries which, in their sole discretion, are deemed irrelevant, offensive, and/or do not comply with these Rules. The Organiser reserves the right to disqualify or replace any winner if they or he or she is found to be in breach of these Rules or otherwise disqualified. Such disqualified winners will be required to refund the full amount of any funding awarded.
    
    
19. From the moment of registration for the Challenge, all Participants acknowledge and agree to be present, or designate a representative, for all meetings, presentation/pitching sessions, prototype testing trial sessions, the judging and award ceremony as scheduled by the Organiser (“Events”) if applicable. At least one (1) team member is to be present at any Event to represent the team. However, all team members are encouraged to attend and participate. In the event that the Participants cannot be present, a valid reason must be given as early as possible. Failure to comply may result in the Participants and/or the team being disqualified from the Challenge.
    
    
20. Participants that are disqualified from the Challenge will be removed from the Challenge immediately and will have to refund the full amount of any funding awarded at any point during the course of the Challenge (including any extended period), to the Organiser.

 

V. CHALLENGE PROCESS 

21. Challenge Rounds. The Challenge consists of several rounds of application phase

• Round One | APPLICATION AND FIRST SHORTLISTING PHASE: Project Proposals will be accepted from 26 October 2022 to 31 March 2023, 11:59PM SGT/GMT+8. At the end of this Round, up to 3 Project Proposals per Challenge Statement will be shortlisted based on judges’ voting to proceed to Round Two. The shortlisting will take place between 3 Apr 2023 and 8 May 2023.
  
  
• Round Two | MENTOR ROUNDTABLES AND SECOND SHORTLISTING PHASE: From 9 May 2023 to 15 June 2023, the shortlisted Project Proposals will be paired with Corporate Challenge Sponsors mentors to fine tune their solutions and will need to submit a more detailed proposal. More detailed information will be shared to the shortlisted Participants at a later stage. The second shortlisting will take place between 16 June 2023 and 30 June 2023. At the end of Round Two, the judges will assess all the proposals submitted and the top proposals received will participate in the Final Round.
  
  
• Final Round | PITCH DAY: Finalist Participants will be invited to pitch their project during a hybrid pitching event (“Demo Day”), happening on 28 July 2023. More information will be shared with the Finalist Participants at a later stage.

Notification to Participants. Once selection has been completed, Participants will be notified directly on the platform chat about the results of each Round. The Joint Organisers will be free to alter the dates on which results are released should this become necessary due to the number of projects to be assessed. The ranking decided by the final jury will be announced on the day that presentations are made or post-final event should judges require more time to finalise the ranking. The Co-Organiser will notify the Participants accordingly.

A. Round One

• Answers to the participation form:
• 5-10 slides PDF presentation, in English only, addressing the following issues:
  • Details of Applicant
  • Executive Summary
  • Detailed project proposal
    • Technical feasibility of solution and novelty
    • Effectiveness in addressing the challenge (how solution can address requirements)
    • Potential benefits (e.g. how is this solution novel/different from what is available currently, potential cost and manpower savings)
    • Operational feasibility: Potential end users/stakeholders onboarding plans
    • Business feasibility of solution (commercialisation and scale up strategy, estimated commercial price, operating/maintenance/life cycle cost/business model)
    • Capacity and expertise to execute (capabilities and resources committed)
    • Details on POC/MVP if applicable; Desired deliverables/milestones and outcomes of projects (including but not limited to tech specs, project/product development schedule, key challenges to overcome)
    • Others (as specifically requested by Challenge Brief)
      
  • Grant Application Information and Declaration on eligibility
    
• Participants are free to tackle multiple challenge statements by creating new participations should you have more than one solution to submit! (in the event that more than one solution is submitted by a participant, the judges have the discretion to select the most promising proposal).
  
  
• The deadline of the submission will be on 31 March 2023, 11:59PM SGT/GMT+8. Please note that all the deliverables must be submitted in English.

Selection phase following Round One will proceed as follows:

“Criteria based” voting will take place from 3 Apr 2023 to 8 May 2023.

The Panel may evaluate and select the Project Proposals based on their content and the following criteria:

• Technical feasibility of solution and novelty (40%)
• Business feasibility of solution (30%)
• Capacity and expertise to execute projects (20%)
• Clarity and comprehensiveness of proposal and test plans (10%)

Additional criteria might be added at a later stage. The Co-Organiser shall inform all Participants if this were to happen, as well as update the Challenge Website accordingly.

Based on the results up to 3 Project Proposals per Challenge Statements will progress to the next round.

B. Round Two

Round Two will consist of mentoring by the Corporate Challenge Sponsors. Shortlisted Participants will be asked to submit:

• A more detailed presentation (up to 20 slides)
• A 2-min video introduction of their solution by the Founder/CEO or any top management explaining the proposal

Selection phase following Round Two will proceed as follows:

“Criteria based” voting will take place from 16 June 2023 and 30 June 2023.

The Panel may evaluate and select the Project Proposals based on their content and the following criteria:

• Technical feasibility of solution and novelty (40%)
• Business feasibility of solution (30%)
• Capacity and expertise to execute projects (20%)
• Clarity and comprehensiveness of proposal and test plans (10%)

Additional criteria might be added at a later stage. The Co-Organiser shall inform all Participants if this were to happen, as well as update the Challenge Website accordingly.

Based on the results the top 6-8 Project Proposals per Challenge Statements will progress to the next round.

C. Final Round: Pitch Day

From 30 June 2023 to the Final Event date, Finalist Participants will be preparing to present their proposals at the Pitch Day.

The Pitch Day will be held in a hybrid format on 28 July 2023. More information will be provided at a later stage to the Finalist Participants.

 

VI. PRIZES 

22. The prizes are awarded to the winners of the Challenge and are subject to compliance with the following cumulative conditions:

• Each Participant of a winning project complies with Sections VII and IX;
• It can be proven that the winning Participants fulfil the conditions of eligibility of Section II.

No prize will be awarded to winners who do not fulfil the above conditions.

23. Subject to Funding Eligibility and the Terms and Conditions (refer to clause 6 and clause 22 respectively), once confirmed by Enterprise Singapore, the winner(s) will receive the following:

• Winner will be rewarded with a S$30,000 Startup SG Grant; such grant to be accepted by the winner subject to the applicable terms of the grant;
• Second- to fourth-placing winners will be rewarded with S$20,000 Startup SG Grant each; such grant to be accepted by the winners subject to the applicable terms of the grant; and
• Fifth-placing winner will be rewarded with a S$10,000 Startup SG Grant; such grant to be accepted by the winners subject to the applicable terms of the grant.
• Participants may receive up to S$5,000 if they are selected to the Final Round as Finalist Participants.

24. No assignment or transfer of prizes is allowed by a winner. If a potential winner cannot be reached, is unable to accept the prize or any portion of the prize for any reason, or otherwise disqualified by the Organiser and/or the Corporate Challenge Sponsors, the Organiser and Corporate Challenge Sponsors shall have no further obligation to such potential winner. The Organiser and Corporate Challenge Sponsors will not replace any lost or stolen prizes after being awarded to winners. Winners will accept the prize “as it is”. The Organiser and Corporate Challenge Sponsors disclaims any warranty regarding the Prizes.
    
    
25. In the event a Participant (a winner) cannot be reached, by email or by phone, for more than three (3) months after the first attempt to reach them was made, he/she will be deemed as having waived their right to claim the prize and will not be entitled to any prize or any kind of compensation.
    
    
26. Enterprise Singapore will be at liberty to substitute the prize with another which is of similar value (as ascertained by Enterprise Singapore in its sole discretion). Any such decision is at Enterprise Singapore’s sole discretion. 

27. Any Participant who does not fulfil the conditions of Participation as provided in the Rules during their registration and/or at any time during the Challenge will be summarily disqualified from the Challenge without prior notice and will not be entitled to any prize. In the event that a prize is awarded to a Participant who does not meet the conditions of Participation when registering or throughout the duration of the Challenge, the Organiser and Corporate Challenge Sponsor(s) reserves the right to require the Participants to return the awarded prize.

28. Subject to these Terms and Conditions, the benefits for the Shortlisted and Finalist Participants may include the following ("Indicative Benefits").

• Companies that meet eligibility criteria (refer to clause 6) for grant application may be provided with funding support for solution development in each challenge statements
• Depending on the challenge statements, other incentives (such as paid-trials and prize money) may be provided by Corporate Challenge Sponsors – refer to the Challenge statements tab for more detailed information

29. For the avoidance of doubt, each Participant hereby agrees and acknowledges that in connection with it registering for the Challenge and submitting a Project Proposal: (i) such registration by the Participant and submission of any Project Proposal does not result in the Joint Organisers providing the Indicative Benefits on a guaranteed basis; (ii) the Joint Organisers make no guarantee as to the provision of the Indicative Benefits; and (iii) the Joint Organisers shall not be responsible for any risk or be liable for any claims, demands, liabilities, expenses, losses, cost or damage in connection with the provision or non-provision of any of the Indicative Benefits.

 

VII. INTELLECTUAL PROPERTY (“IP”)

30. By registering for the Challenge and submitting a Project Proposal, each Participant affirms that:

• the Project Proposal is his/her/the company’s original work;
• the Participants have the necessary rights to submit the Project Proposal; and
• the Participants’ submission does not violate any law or regulation or any rights of any third party.

31. The Organiser reserves the right to disqualify any Participants in a scenario where the Organiser believes in its sole and absolute discretion that the submitted Project Proposal or any part thereof infringes upon or violates the rights of any third party.
    
    
32. Participants shall indemnify and hold harmless the Organiser, the Co-Organiser, and their respective officers against any claims or costs relating to a breach of this term.
    
    
33. Shortlisted Participants and Finalist Participants shall not enter their ideas or any part of the Project Proposal (including software, prototypes or products) in another challenge unless the Corporate Challenge Sponsors that the Participants submitted their Project Proposals to, have turned down their first right of refusal (as defined below in clause 34), and in any case not before the end of the Challenge Period.
    
    
34. Shortlisted Participants and Finalist Participants shall grant the Corporate Challenge Sponsors a right of first refusal ("ROFR") to collaborate with said Shortlisted Participants or Finalist Participants on any commercialisation of IP generated during this Challenge ("Challenge IP"). The ROFR shall expire and cease to have effect 45 days after the end of the application phase on 1 March 2023, 11:59PM SGT/GMT+8. For the avoidance of doubt, the ROFR extends to intended commercialisation of the Challenge IP by the Shortlisted or Finalist Participants alone. Any extension of the ROFR validity period shall be negotiated between the Shortlisted or Finalist Participants and Organiser and/or Corporate Challenge Sponsors before its expiry. Participants shall fully retain their respective background IP rights, unless otherwise agreed between the Organiser and/or Corporate Challenge Sponsors and the Participants. Alternate or future arrangements of IP ownership shall be negotiated separately between the Participants and respective Organiser and independent of the Organiser, after submission of the Project Proposal.
    
    
35. The parties hereby agree and acknowledge that agreements and arrangements referred to in the preceding clause 34 are solely between the relevant Participants and the relevant Corporate Challenge Sponsors (“Relevant CC Sponsor”). The parties hereby agree and acknowledge that the Organiser and the other Corporate Challenge Sponsors (other than the Relevant CC Sponsor) are neither party to these agreements and arrangements nor responsible or liable for the same. Participants undertake in favour of the Organiser and Corporate Challenge Sponsors not to institute, commence or continue any proceedings (whether legal, arbitral, administrative or otherwise) against the Organiser and/or Corporate Challenge Sponsors in relation to the aforesaid agreements and arrangements between Participants and Corporate Challenge Sponsors.

 

VIII. TERMS OF ORGANISER AND CORPORATE CHALLENGE SPONSORS

36. Participants shall agree to fully observe the terms of the Organiser and Corporate Challenge Sponsors, if applicable.

37. By entering this Challenge, Participants consent to the use of their personal data defined above in clause 11 by the Joint Organisers for the purposes of any post-Challenge activities and/or publicity. Participants agree to take part in any publicity relating to the Challenge as well as to the use of their names and photographs in such publicity. 

38. Participants acknowledge and agree to participate and cooperate in all media and promotional activities relating to the Challenge, including but not limited to being interviewed, photographed and videoed. Participants grant the Organiser a no-royalty/fee, world-wide, perpetual, irrevocable and non-exclusive license to use, reproduce, display and/or create derivative works of such footages and photographs in all media worldwide, including online social media and networking websites without compensation (unless prohibited by law) and without prior inspection or approval.

39. Participants agree to execute additional specific consents to such use if asked to do so.

 

X. LIABILITY

40. Whilst reasonable precaution will be taken by the Joint Organisers to ensure safety of all the Participants, each Participant acknowledges and agrees that his or her participation in the Challenge is at his or her own risk. Upon registration for the Challenge, the Participant agrees to defend, indemnify and hold harmless the Organiser, their subsidiaries/associated companies, the Corporate Challenge Sponsors and Co-organiser, including their respective officers, employees, contractors and agents, from and against any and all claims, causes of action, damages, obligations, losses (including any loss of opportunity), liabilities (including negligence), personal injuries, costs or debt, and expenses (including attorneys’ fees and costs) and all amounts paid in settlement arising from or relating to, whether directly or indirectly, special or consequential, to the Participant’s participation in the Challenge. The Joint Organisers may assume the exclusive defence and control of any matter for which Participants have agreed to indemnify the Joint Organisers. Participants agree to assist and cooperate with the Joint Organisers in the defence or settlement of any such matters.
    
    
41. Each Participant is required to take all appropriate safety measures including obtaining appropriate insurance coverage (if necessary) throughout this Challenge covering but not limited to designing and developing the prototype, conducting the prototype trials including any visits to the Organiser or the Corporate Challenge Sponsors’ premises.

 

XI. GENERAL 

42. These Rules shall constitute the entire agreement between the Organiser and the Participant and supersede all prior representations, arrangements, understandings and agreements between the Parties (whether oral or written) relating to the subject matter herein contained.
    
    
43. If any of the clauses of these Rules is found to be invalid for any reason whatsoever, such invalidity shall not affect the validity and operation of the other remaining provisions of these Rules.
    
    
44. Headings are for convenience of reference only and shall not affect the interpretation of these Rules. 

45. Participants shall not be entitled to assign any of the rights and obligations under these Rules without the express written consent of the Organiser. 

46. Nothing in these Rules shall operate so as to create a partnership or joint venture of any kind between the Parties. 

47. The Joint Organisers reserves the right to amend the Rules at their discretion and without having to give prior notification. The Participants will be notified of the change after the terms are updated and the continued participation of the Participants in the Challenge will be deemed to indicate their acceptance of the changes. 

48. Unless expressly provided to the contrary, and save for the Corporate Challenge Sponsors, a person who is not a party to these Rules has no right under the Contracts (Rights of Third Parties) Act, Chapter 53B of Singapore to enforce or enjoy the benefit of any term of these Rules. 

49. These Rules shall be construed, governed and interpreted in all respects in accordance with the laws of the Republic of Singapore and the Parties agree to submit all disputes and claims in respect to these Rules to the jurisdiction of the Courts of the Republic of Singapore.