In this #BILLawFact, our Senior Associate Agnes Beatrice and Associate Alma Dwi Ramadiani highlight key updates in the Draft Amendment to Government Regulation No. 31/2021 on Shipping.
The update introduces vessel mortgages backed by grosse mortgage deeds with executorial power, and clarifies vessel registration criteria for joint ventures with foreign parties, including a 50,000 GT minimum requirement.
These changes aim to align with the amended Shipping Law (Law No. 66/2024) and enhance legal certainty in the maritime sector.
Read more to gain insight into the Draft Amendment.
