LATEST UPDATES
Shipping Alert: Foreign Currency Exemption for Vessel Charters to End in Indonesia
Bank Indonesia has confirmed that the automatic exemption from the mandatory use of Rupiah for vessel charter transactions will expire on 30 June 2026 and will not be further extended. Instead, a one-year transition period until 30 June 2027 has been introduced for eligible shipping companies previously covered by the exemption, during which they may continue relying on the existing approval while preparing for compliance. Companies seeking to continue using foreign currency beyond the transition period must submit a new application supported by comprehensive documentation, signalling a shift toward a more selective, case-by-case exemption regime. This development requires shipping companies to reassess their contractual arrangements, evaluate the need for a renewed exemption, and prepare for the eventual implementation of Indonesia’s mandatory Rupiah requirements.
Cargo Claims under Indonesian Shipping Law and Implementing the Limitation of Liability
Cargo claims frequently turn on the allocation of risk between carriers, shipowners, shippers, and cargo interests under both statutory and contractual frameworks. This update explores the Indonesian legal regime governing cargo claims, covering key issues such as title to sue, carriers’ liability, limitation of liability, time bars, and practical measures for mitigating exposure in maritime cargo disputes.
Lexology In-Depth: Shipping Law - Edition 13
Indonesia’s shipping law framework has evolved significantly from the traditional provisions under the Indonesian Commercial Code and Civil Code to a more comprehensive regime under the Indonesian Shipping Law. This legal development strengthens regulatory certainty across key maritime areas, including safety, ship ownership, cabotage principles, port operations, and seafarers’ welfare, supporting Indonesia’s ambition to become a competitive global maritime hub. The article examines recent regulatory developments and their practical implications for businesses involved in Indonesia’s maritime and shipping industry.
The International Forms of Vessel Sale and Purchase (“S&P”): The Modern Practice of Global Shipping and Maritime
Read more on the key international sale forms used in vessel transactions and discusses their relevance in cross-border practice, with particular focus on Indonesian regulatory considerations and the potential benefits of developing an Indonesian Ship Saleform to support more efficient and legally certain transactions involving Indonesian interests.
China REE Policy impact on Indonesia Shipping Industry
Beginning 1 December 2025, China will implement new export controls on rare earth elements, introducing licensing requirements, military-use restrictions, and extraterritorial oversight.
The Role of the Industrial Relations Court in Resolving Seafarer-Employer Disputes
Labor disputes between Indonesian seafarers and ship employers face legal ambiguity due to overlapping jurisdictions between the Admiralty Court and Disnaker. This series explores the legal framework, recent regulations, and their impact on maritime dispute resolution.
US New Tariff and What to Expect in Shipping Contracts
Excerpt: key considerations and potential adjustments to existing shipping contracts in light of the increased trade tariffs.
Ship Arrest in Indonesia
Ship Arrest is a type of proceedings that takes significant role in the context of claims in shipping and maritime world
Launch of MaritimHUB: Indonesia’s Integrated Maritime Application
The Indonesian government has recently introduced MaritimHUB, a one-stop solution aimed at enhancing accessibility and efficiency in maritime services.