Taiwan’s CPC scraps delivery order limits and charges

State-owned bunker supplier CPC Corporation (CPC) has lifted restrictions on bunker delivery order extensions and cancellation charges at Taiwanese ports with immediate effect.

IMAGE: Illuminated Kaohsiung city and harbor at night, Taiwan. Getty Images

The measures, introduced in March amid heightened market volatility linked to the ongoing Middle East crisis, have been withdrawn as there is currently no cargo shortage, according to a Taiwan-based trader.

“There is no such problem [shortage of cargo] happening till now, therefore CPC thinks it is unnecessary to keep this rule in place,” the trader said.

With immediate effect, CPC will resume accepting applications to extend the validity period of delivery orders, and the bunker fuel cancellation charges announced on 10 March will no longer apply, the company said.

Recommended lead times remain around two days for VLSFO and LSMGO at Keelung, Taichung and Hualien, while Kaohsiung requires about three days.

By Tuhin Roy

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