Indonesia Shipping Law – Registration of Mortgages

Vessel mortgages in Indonesia fall under the authority and jurisdiction of the Ministry of Transportation. Pursuant to Articles 28 and 29 of Minister of Transportation (MOT) Regulation No. PM 39 of 2017 regarding the Registration and Nationality of Vessels (MOT Reg 39/2017), the beneficiaries of vessel mortgages may be Indonesian or foreign citizens, banks and … Indonesia Shipping Law – Registration of Mortgages