Indonesian Police Probe Clears 82 Tin Containers for ExportsEko Listiyorini and Dwi Sadmoko
The Indonesian police have cleared the majority of the tin containers detained last week on suspicion of exporting without legal documents, a police official said.
The police will allow 82 of the 91 containers held at Pangkalbalam port on Bangka island to be shipped after getting clearances from surveyors and customs, Muhammad Firman, deputy director of the special crimes unit at the Bangka Belitung Police, said by phone today. The remaining cargoes are in police custody and two people have been identified for trying to ship the metal without legal documents, Firman said.
Indonesia requires the refined metal used in packaging and electronics to be traded on a domestic exchange before it’s exported as the Southeast Asian country seeks to challenge the dominance of the London Metal Exchange benchmark. The police action follows new regulations on exports issued in July, which stipulates standards in size and shape of tin products, in packaging and labeling.
Out of the 82 released cargoes, 43 containers belong to members of Indonesia Commodity and Derivative Exchange or ICDX, Jabin Sufianto, chairman of the Association of Indonesian Tin Exporters, said by phone today. The association and ICDX will discuss plans on resuming exports, Sufianto said.
Export of refined tin from Indonesia slumped to 3,595 tons in August from 7,645 tons in July, according to the Trade Ministry.