Seafarers’ Provident Fund (SPF) Set up by SMOU in 2001 to improve the welfare of seafaring members on board ships covered by the SMOU Collective Bargaining Agreements (CBA), the Seafarers’ Provident Fund (SPF) was administered and managed by Wavelink Thrift Pte Ltd, and co-managed by NTUC Thrift & Loan. With effect from 30th June 2012, the SPF Scheme has been terminated and the SPF is now governed by the Scheme of Administration (available at www.ispf.org.sg) to provide a clear and transparent mechanism for the dissolution and distribution of the SPF funds.
NOTICE OF AMENDMENTS TO THE SEAFARERS’ PROVIDENT FUND - SCHEME OF ADMINISTRATION
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1. |
Duly completed Withdrawal Form (can be downloaded from www.ispf.org.sg) |
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2. |
Copy of NRIC/Passport (both old and new ones) |
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3. |
Copy of Seaman Handbook(s) / CDC |
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4. |
Copy of the Bank Book/Statement, indicating the name of the bank, member’s name and member’s bank account number. |
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5. |
Indicate mode of payment as:-
"Direct Funds Transfer" to a Local (Singapore-based) Bank Account. (*Note: bank charges may apply) |
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6. |
Provide additional documents like Death, Birth and/or Marriage Certificate if payout is in the name of the nominee/beneficiary. |
Additional information
1. Charges for Remittance Transfer will be imposed by the bank and offset from the payout money.
2. An administrative fee of 2.8% approved by the SPF Advisory Committee shall be deducted from the SPF money due to the member before payout to the member or the member’s proper claimant.
Submission channels
The duly completed Withdrawal Form and all the relevant documentation may be submitted via the available channels:
@Email : spf@wavelink.com.sg
✉Post : Wavelink Thrift Pte Ltd ,75 Jellicoe Road #02-01, Wavelink Building, Singapore 208738
Contact Details
SPF Administrator may be contacted via Email: spf@wavelink.com.sg or Telephone: +65 6390 1661.
