Establishing ILB Will Shorten Logistics Chain

INDUSTRY.co.id - Nusadua - ICDX strategic move to develop tin market in the country that is, in the near future will launch tin futures contract. Thus, tin players in various parts of the world can hedge and obtain the physical surety of Tin commodities.

ICDX since November 2016 has established PT ICDX Logistics Bonded as the manager of Bonded Logistics Center for tin commodity in Pangkalpinang, Bangka Belitung. It is also closely related to the second package of economic policies of the Presidential Government of Indonesia Joko Widodo.

"The second package of economic policy from President Joko Widodo, ICDX will integrate three markets at once, namely physical market, tin futures and warehousing - Berlina tin logistics center for export purposes," explained Henry Chandra at the Indonesia Tin Conference and Exhibition - ITCE 2017 held in Nusadua, Bali, Monday (8/28/2017).

Henry revealed, the establishment of ILB will shorten the logistics chain, because ILB can act as a showcase of various strategic commodities Indonesia strategic.

"Directorate General of Customs on June 13, 2017, and then, has issued the Regulation of the Director General of Customs, No. Per-10 / BC / 2017, concerning the Procedure of Entry and Spending of Goods to and from Bonded Logistics Centers in Export and or Transhipment Framework, this policy shall become the basis for the operation of export tin PLB, "said Henry.

He said that in the future, ILB is not only for the storage of tin commodities, but also potential for other export commodities such as nickel, bauxite, CPO, coffee, cocoa, pepper, rubber, seaweed and others.

"So, with the support of ICDX as a means of trading both physical and futures contracts, is a new breakthrough for Indonesia to encourage economic growth," said Henry.