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Shipping & Maritime ARMA Admin Shipping & Maritime ARMA Admin

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.

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Shipping & Maritime ARMA Admin Shipping & Maritime ARMA Admin

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.

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Shipping & Maritime ARMA Admin Shipping & Maritime ARMA Admin

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.

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Shipping & Maritime ARMA Admin Shipping & Maritime ARMA Admin

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.

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