Import rules<\/p>\n
This is in reference to Mr. A. Djuana's letter under the
\ncaption Mr. A and Mr. B published in \"Your Letters\" column of The
\nJakarta Post dated July 22, 1995. According to Mr. Djuana, A was
\ndeprived of a substantial amount of money by the cunning of Mr. B
\nwith the active connivance of B's overseas associate.<\/p>\n
The story appears to be a mere concoction and far removed from
\nreality. The simple reason is that all imports into Indonesia
\nhave to be inspected before shipment in the country of the
\nshipper by SGS who have been appointed by the government and
\ntheir services paid for by the government. Without a pre-shipment
\ninspection report (LPS) the documents which constitute the
\nauthority for the overseas bank to disburse funds under a letter
\nof credit are not complete. The letter of credit has to
\nspecifically stipulate the requirement of a pre-inspection report
\n(LPS) by SGS (for shipments over $5,000). Every importer knows
\nthis rule and hence \"A\", the so-called importer, should also have
\nknown it as well.<\/p>\n
Hence there is no possibility whatsoever of a shipment of the
\nmagnitude of say $1 million being effected under an L\/C without
\nthe LPS. I am sure \"A\" is a shrewd and intelligent businessman
\n(as businessmen usually are) and knows the rules of the game. The
\ninference naturally is that the story narrated by Mr. Djuana is a
\nfigment of his imagination and people in business are certainly
\nnot as naive as Mr. Djuana presumes. Next time Mr. Djuana should
\ntake care to narrate stories which are more realistic.<\/p>\n
S. LAKSHMINARAYAN<\/p>\n
Kudus, Central Java<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/import-rules-1447899208", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }