Buyers put contracts on hold over Indonesian shipping rules - Supply Management
The rules mean exporters and importers must use Indonesian shippers for certain commodities © PA Images
The rules mean exporters and importers must use Indonesian shippers for certain commodities © PA Images

Buyers put contracts on hold over Indonesian shipping rules

28 March 2018

Buyers of Indonesian coal and palm oil are holding back on signing contracts as they wait for news over the government’s new shipping rules, which would limit exports to only national shipping companies.

Last year, the Indonesian government announced its plans to implement legislation that would require Indonesian exporters of coal and crude palm oil, as well as importers of rice and goods for government procurement, to use vessels “controlled by” Indonesian shipping companies and to procure insurance from Indonesian insurance companies.

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