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The Jakarta Post
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DKI Jakarta, Indonesia
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Govt’s planned CIF shift fobs off problems to exporters

  • Linda Yulisman

    The Jakarta Post

| Fri, March 1 2013 | 09:13 am

Commodity exporters say that there are still snags blocking a government plan to introduce CIF shipping terms for freight.

The plan calls for a shift from FOB shipping, meaning free on board, to CIF, meaning cost, insurance and freight.

Derom Bangun, the chairman of the Indonesian Palm Oil Board (DMSI), said that local seaports had a limited ability to process overseas shipments, res...

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