Indonesia - possible ban on export of minerals

The Managers have been made aware that legislation has been passed in Indonesia which purports to place a ban on the expert of minerals from Indonesian ports, unless the shipper has been granted a specific export permit. The cargoes which may be affected include nickel ore, bauxite and iron ore. Reports suggest that ships which are scheduled to load or are in the process of loading ore cargoes may be subject to delays where the exporters of the cargo do not possess the relevant permit.

There is a great deal of confusion as to the overall impact of the legislation and the Managers are continuing to investigate the matter with local correspondents. Members with ships that are subject to delays in Indonesia or which have been ordered to load such cargoes in Indonesia are advised to contact the Club at the earliest opportunity for further advice.