Rheinhard Tobing, who heads Indonesian shipbroking company PT Puradika and  24 representatives from some 17 companies that offer broking services met in Jakarta at the café Mario’s Place on Friday 28th June 2002, agreed to establish the Indonesian Shipbrokers’ Association (ISBA).

Tobing acted as ISBA chairman, with Asa Samuel of Fearnleys Indonesia taking on the position as vice chairman.

Shipbroking has been practiced in Indonesia for almost 50 years, after Johs Larsen the first set up a company in Jakarta in the 1970s by Terje Lund-Henriksen, Tim Cottew and Erling Strom.

Local brokers ware not always recognised in the same way that international ones  because they were often work with shipowning or agency businesses.

The association was established to aim to improve standards and offer training courses in all aspects of broking.

Fews months since it was established the association signed agreement with Bimco the world’s largest and most diverse private shipping organisation, to act as Bimco’s co-organisers for Bimco Courses in Indonesia. The association had also conducted Tanker Chartering Course with International Association of Independent Tanker Owners (INTERTANKO) is the association of the owner of the independent tankers in the world.

The association together with other associations and Ministry of Transport was actively involved in drawing and finalising the shipping related regulations such as Inpres 05/2005 and Shipping Bill 17/2008.