PIB Customs Bond has been eliminated by the Indonesian Customs Department and substituted by a friendlier system, as announced by the Asia Pacific Superyachts on 16th November, 2011 during a meeting in Denpasar, Bali. Richard Lofthouse of Asia Pacific Superyachts (APS) Indonesia reports, “The PIB Bond was a well-intentioned law that was often misapplied to... ... read full story
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