News

Following our web news of 15 February, it has been reported that implementation of the Indonesian Ministry of Trade’s Regulation 82/2017 is to be postponed for one year.

Initially intended to take
effect from 1 May 2018, this measure makes it mandatory to use only vessels “controlled
by Indonesian shipping companies” and Indonesian insurers for:

1.     
coal and/or crude palm oil exports;

2.     
rice imports; and

3.     
the import of goods intended for government procurement.

It is thought that the
decision to delay implementation has been made to allow the Ministry of Trade
to clarify the numerous questions raised by the regulation and prepare
guidelines.

Information provided by Budd Indonesia

budd.indonesia@budd-pni.com