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Indonesia bans coal exports due to domestic supply worries
Our correspondents (SPICA SERVICES (S) PTE LTD) have advised that Indonesia has banned coal exports with immediate effect due to concerns over low supplies for domestic power plants.
A copy of the Indonesian circulars and free...
Our correspondents (SPICA SERVICES (S) PTE LTD) have advised that Indonesia has banned coal exports with immediate effect due to concerns over low supplies for domestic power plants.
A copy of the Indonesian circulars and free English translations have been attached for reference.
This export ban is expected to last throughout the month of January 2022. Though stakeholders will have a meeting with the Indonesian Ministry of Mineral and Coal on 5th January 2022 to review the situation.
The shippers may issue a Force Majeure for this situation, and this may affect ships that are fixed to load coal in Indonesia.
As such, the club recommends its members to review their charterparty terms and put the relevant parties on notice of the fact that there could be delays due to the prevailing circumstances and conditions.
Standard Club is always on hand to assist and advise its members on such issues.
Categories: Cargo, Loss Prevention
