Expenditure on the provision of a ship is not expenditure on new shipping if the object, or one of the main objects, of—
(a)the transaction by which the ship was provided for the purposes of a qualifying activity carried on by the person who incurred the expenditure,
(b)any series of transactions of which that transaction was one, or
(c)any transaction in such a series,
was to secure the deferment of a balancing charge under section 135.