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Martin Bencher Group Newsletter - Special Edition

Mandatory Data for B/L and Manifest in Indonesia


By May 23rd, 2018 new requirements for manifest declaration from/to Indonesia have been implemented by the Ministry of Finance.
 
For the future, shippers and consignees will be responsible for providing the information, so documentation can be correctly updated and submitted to the authorities. The following information must be provided to the carrier while submitting your shipping instruction for Indonesia Customs filing:
  1. TAX ID
    Similar to NPWP of the Shipper (for Export) and Consignee (for Import). In case of "To Order BL“, please advise TAX ID of Notify Party. Please use only the 15 - digit numeric part of the TAX ID for the declaration.
     
  2. HS CODE
    A six - digit code distinguishing different types cargo to be mentioned under Description of Goods.
     
  3. House B/L (only for NVOCC/Forwarders)
    It is mandatory to mention whether House B/L are issued by Shipper (for export) or by Consignee (for import). According to the regulation, NVOCCs themselves must fill the customs system directly.
     

We thank you for your coorporation, and if there are any questions please contact your local Martin Bencher office. 


Best regards,
Martin Bencher Group
Trade War and Tariffs News Update

The trade war is a highly discussed topic for the time being, and a lot of people are thinking about how this will affect the current global economic growth.
 
Below you can find the latest news about the trade war and its effect on shipping industry.

Trade war is changing the shipping industry

"Everyone is familiar with the tweets and threats which commenced after America’s tariffs on all imported washing machines and solar panels, imposed on January 2018 and, since then, have been escalated into a trade war mainly between USA and China; two of the three largest economies in the world."
Shipping is Increasingly Caught in the Trade War Line of Crossfire
"Once again, the already long list of tariffed goods has been made even longer. Many more commodities were hit on 23 August, but September is likely to dwarf it all, as the US has proposed slamming tariffs on goods worth USD 200 billion. The tariffed goods’ share of global trade is largely underestimating the overall negative impact of this trade war on globalisation and international shipping."
Ports Close as Hurricane Florence Approaches
The U.S. Coast Guard Captain of the Port for Hampton Roads, Virginia has suspended port operations and ordered the port's closure in preparation for Hurricane Florence. Hampton Roads is now under Condition Zulu, meaning that gale-force winds are expected within 12 hours.
 
Wilmington and Morehead City, North Carolina have also set Condition Zulu, and they have closed their gates to truck traffic. The ports will be closed to all shoreside access from Thursday through Friday. Click here to read more.
Have you ever visited our office in Jakarta, Indonesia?
Click here to meet your local contact.
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