The future of coal export after
Permendag 48/2018
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Background
By August 1, 2018, export of coal has mandatory to use services of domestic insurance companies, according to the new Trade Ministerial Regulation (Permendag) No 48/2018 which effectively amended Ministerial Regulation No. 48/2017.
The regulation deleted the provision which stated that an exporter of coal regulated in Permendag 82/2017 may still procure insurance from foreign insurance company if the availability of the relevant insurance product from Indonesian insurance company is limited or not available.
The regulation stated that the mandatory use of Indonesian ships in the export and import the commodities would be delayed to May 1, 2020 from the initial plan of April 26, 2018.
The coal exporters should also regularly report the insurance used in covering the export to the Directorate General of Foreign Trade at the Ministry of Trade. Violating terms of use of sea transport and national insurance would be suspension / revocation of business licenses.
A must-attend conference would discuss impacts of regulations into the future of coal export from Indonesia, the world's largest thermal coal exporter and exploring the readiness of local insurance company and Indonesian-flagged ships to cover export activities of coal.
The conference would also explore the legal status of existing and long-term contracts of coal export of which the parties agreed on the use of vessel from foreign shipping companies and procure insurance services from foreign insurance company if the Permendag 48/2018 take effective.
Who Should Attend?
- Coal Traders
- Coal Producers
- Coal Buyers
- Insurance Company
- Reinsurance Company
- Insurance Broker
- Loss Appraiser
- Legal
- Shipping company
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| 8.30-9.00 |
Registration |
| 9.00-9.10 |
Opening Speech from Conference Moderator |
| 9.10-9.30 |
Opening Remark: Understanding the implementation of Permendag 48/2018 as the government's effort to open opportunity for local insurance and sea transport service providers in carrying Indonesia's coal export |
| 9.30-9.50 |
The outlook of national insurance capacity to support the implementation of Trade Ministerial Regulation (Permendag) No. 48/2018. |
| 9.50-10.10 |
Government's policy on Domestic Market Obligation (DMO) to fulfil coal demand in Indonesia and outlook of Indonesia's role in thermal coal export. |
| 10.10-10.30 |
Coffee Break |
| 10.30-11.00 |
The competitiveness of Indonesia insurance industry to implement the Permendag 48/2018 in serving marine cargo of coal commodity. What are the updated list of local companies serving the marine cargo, especially coal and its capacity. What are the support of reinsurance companies to implement Permendag 48/2018. |
| 11.00-12.00 |
Marine Cargo Insurance Forum: How have Indonesian general insurance and reinsurance companies responded to Permendag 48/2018. What are consortium scenario to support the government's policy? |
| 12,00-13.00 |
Lunch and networking |
| 13.00-13.30 |
Permendag 48/2018 postponed the mandatory use of Indonesian ships in coal export to May 1, 2020 from the initial plan of April 26, 2018. What are preparation of Indonesia's shipping industry within two years to implement the Permendag 48. |
| 13.30-14.00 |
Understanding export activity to be done in Cost, Insurance and Freight (CIF) and Free on Board (FOB) (FOB). What Permendag 48/2018 means for coal export activity in the future and what are the challenges/opportunities under the new regulation. |
| 14.00-14.30 |
Coffee Break |
| 14.30-15.30 |
Case Study: What are potential impacts of mandatory to use local insurance company in the future of coal export from perspective of coal buyers and producers. |
| 15.30-16.30 |
Legal Perspective
Understanding legal status of existing and long-term contracts of coal export of which the parties agreed on the use of vessel from foreign shipping companies and procure insurance services from foreign insurance company if the Permendag 48/2018 take effective. |
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Date and Venue
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Wednesday, July 25, 2018
Shangri-La Hotel, Jakarta
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Investment
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Rp.8.500.000,-* / Participant
*) Including Conference Materials, Coffee Breaks, Luncheon.
*) Cancellation Fee : 7 days before the event : 80%
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