The Ministry of Trade requires all export of coal to use Indonesian vessels. The new rule came with a revision of Minister of Trade Regulation (Permendag) No. 82 Year 2017 on the Use of Sea Transportation and National Insurance for Export and Import of Certain Goods. The regulation was a part of the Economic Policy XV meant to strengthen the competitive edge of Indonesia’s logistics services. The 2017 regulation has been amended twice with Permendag No. 48 Year 2018 and Permendag No. 80 Year 2018. The last amendment noted the implementation of national insurance beginning on Feb 1, 2019, with the mandatory use of national vessel coming to force on May 1, 2020.
To subscribe please click here