JAKARTA – The regulation, which Secretary of Trade, Indonesian Republic, Rachmat Gobel has made, to oblidge Letter of Credit (L/C) in certain commodity export activity, which starts from April 2015, becomes the businessmen concern, especially for the vegetable oil ones. 

 

Executive Director of Indonesian Vegetable Oil Industry Association, Sahat Sinaga said, to implement the L/C regulation, the government should improve what needs to be, in order to be not fail, like what happened to the L/C in 2009.

 

“It is a must to do for we are Indonesian,” he said in Jakarta, Wednesday (21/1).

 

But the L/C process, he continued, should not make additional costs from what the companies has done without the L/C. Besides, the government should monitor the smuggled things without having L/C.

 

“If the L/C has been running, there is no exception for every thing. If the company is caught red handed without having it, it means a crime,” he emphasized. (T3)