International Convention on Maritime Liens and Mortgages

The Government has ratified and enacted into domestic legislation the International Convention on Maritime Liens and Mortgages as Presidential Regulation No. 44 of 2005 (the “Regulation”). The Convention itself dates from 6 May 1993 however its ratification and enactment by the Indonesian Government is of critical importance at the national level, particularly for an archipelagic nation such as Indonesia. The Regulation follows-on from an earlier Presidential Instruction, No. 5 of 2005, on the Shipping Industry.