Statutory: The MRV (Monitoring, Reporting and Verification) regulation aims to quantify and reduce CO2 emissions from shipping and will create a new kind of benchmarking system in Europe. DNV GL has prepared an overview of how MRV will affect the maritime industry and what shipping companies need to do to achieve compliance.
The regulation in a nutshell
Monitoring and reporting
▪ Port of departure and port of arrival, including the date and hour of departure and arrival
The basis for the calculation of CO2 emissions will be the fuel consumption for voyages starting or terminating at any EU port. Fuel consumption shall be determined and calculated using one of the following methods:
▪ Bunker Fuel Delivery Note (BDN) and periodic stock takes of fuel tanks
Accredited verifiers will have three key tasks: 1. to verify ship-specific monitoring plans, 2. to verify that the annual ship-specific emissions reports comply with the monitoring plans and 3. to verify that the figures contained in the annual ship-specific emissions reports are accurate. Presently, no companies have been granted accreditation, as criteria remain under development by the EC. It is clear that the EC will not only consider class societies as potential verifiers, but will also add other organizations to the list.
▪ 31 August 2017 – Companies are to submit ship-specific monitoring plans to verifiers for approval
A number of issues governing the implementation of the regulation remain to be settled. These include details of cargo monitoring and efficiency calculation, the inclusion of AIS-based verification, criteria for accreditation of verifiers, and the development of monitoring plans and reporting templates. Industry stakeholders, including DNV GL, are providing input to the EC through the European Sustainable Shipping Forum (ESSF). The EC plans to publish documentation for the outstanding issues towards the end of 2016.
Recommended actions for our customers
The practical impact of the MRV regulation on owners and operators is not yet fully clear. There will be a need to monitor and report data, but the exact formats and templates for doing so are not yet available. Nevertheless, it would be advisable for ship owners and operators to prepare for MRV ahead of time and start considering how to best fulfil the forthcoming monitoring and reporting obligations for their own ship as well as their shore systems and routines ahead of time. Steps such as developing the mandated monitoring plan as well as examining how to best collect, aggregate and report fuel consumption and transport work data for their ships are particularly important.
References and additional information:
▪ Free MRV webinar on 29 or 30 September 2015. Register now to learn more about this topic at our free one-hour session. DNV GL experts explain the regulation and the impact in terms of requirements for shipping companies. The practical meaning will be shown using the example of our fleet performance management solution.
Source : DNV GL
Thank you & Best Regards,
Eng. Dimitrios Nikolaos Spanos