Beginning October 15, 2025, Taiwan will implement a new shipowner liability insurance review system for all vessels entering or departing its ports, reports Safety4sea.
Taiwan tightens P&I inspections
Under this regulation, vessels must be insured by a company included on the official whitelist or by an insurer that meets specific credit rating requirements, namely, a BBB rating from Standard & Poor’s, a B++ rating from A.M. Best Company, a Baa2 rating from Moody’s Investors Service, or a BBB rating from Fitch Ratings.
If a vessel is insured by a company not on the whitelist but meeting one of these credit standards, the shipowner must provide supporting documentation to the Taiwan International Ports Corporation (TIPC) for verification.
Furthermore, vessels insured by companies that do not meet these criteria will not be granted approval by the Taiwan Maritime and Port Bureau (TMPB) to complete port entry or departure procedures.
For vessels that arrive in a Taiwanese port before October 15, 2025, but are scheduled to depart after this date, a compliant shipowner liability insurance policy must be submitted and approved before the vessel will be permitted to depart.
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Source: Safety4sea
