MRV&ETS

MRV & ETS
BV SOLUTIONS
DATE: DEC.2023
1. 2. 3. 4.
FRAME WORK MRV ETS FUELEU
2 // BUREAU VERITAS SOLUTIONS MARINE & OFFSHORE TITRE DU DOCUMENT DE PRÉSENTATION //

1.
FRAMEWORK

FRAMEWORK
Fit for 55 Specific Stakes
• Acceleration : Package “EU Fit for 55” proposed in July 2021 by European Commission : Reduce EU
net GHG emissions by at least 55% by 2030 compared to 1990 levels
• Single market integration

 Integration to industry/aviation ETS
 Well to wake/ upstream industries
• Globalization
• Worldwide impact regardless of the flag, UE overseas, EU in IMO
• Transparency : MRV and public database + Taxonomy + CSRD

FRAMEWORK
What is inside Fit for 55 package for shipping Industry ?

FRAMEWORK
Related Key Directive, Regulation
Cat. EU MRV UK MRV ETS FUEL EU
Related (EU) 2023/957 (Ammending(EU) 2015/757) MIN 669 (EU) 2023/959(Ammending (EU) 2023/1805
Directive, (EU) 2023/2449( Repealing EU 2016/1927) (M+F) Directive 2003/87/EC) (Ammending
Regulation Directive 2003/87/EC Amendment 1 Directive
2009/16/EC )

2.
MRV

EU MRV
MRV Regulation Changes
In 2015, the decarbonisation of the maritime transport sector in the EU took an important first step forward with
the entry into force of Regulation (EU) No 2015/757 on the Monitoring, Reporting and Verification of CO2
emissions (the MRV Regulation).
The MRV Regulation established rules where shipping companies report annually, and accredited independent verifiers
verify, the reported amounts of carbon dioxide (CO2) emissions and other relevant information from large ships (more than
5000 gross tonnage, or GT) calling at EEA ports.
In 2023, as part of the package of measures to reduce emissions from the maritime transport sector, the MRV Regulation
was amended.
• Until 1 January 2024, the MRV Regulation only covers CO2 emissions from large ships underway and at berth, taking in
other related information like energy-efficiency, distance travelled, time spent at sea, and cargo carried.
• CO2 emissions are the largest component of greenhouse gas emissions from maritime transport, but methane (CH4) and
nitrous oxide (N2O) emissions are also important contributors. After 1 January 2024, the scope of the MRV Regulation
expands to include methane and nitrous oxide emissions from shipping.
• In addition, from 1 January 2025, general cargo ships between 400 and 5000 gross tonnage and offshore ships of 400
gross tonnage and above fall under the scope of the amended MRV Regulation.

EU MRV
MRV Regulation Changes
REGULATION (EU) 2023/957 of the European Parliament and of the Council of 10 May 2023 amending
Regulation (EU) 2015/757 in order to provide for the inclusion of maritime transport activities in the EU
Emissions Trading System and for the monitoring, reporting and verification of emissions of additional
greenhouse gases and emissions from additional ship types
Commission Implementing Regulation (EU) 2023/2449 of 6 November 2023 laying down rules for the application
of Regulation (EU) 2015/757 of the European Parliament and of the Council as regards templates for monitoring
plans, emissions reports, partial emissions reports, documents of compliance, and reports at company level, and
repealing Commission Implementing Regulation (EU) 2016/1927
Commission Delegated Regulation 2023/6728 and annexes establishing rules and calculation methods for
monitoring and reporting greenhouse gas emissions for maritime transportation. (Revision of MRV annexes I and
II)
Commission Delegated Regulation 2023/6748 establishing rules on the reporting of aggregated emissions data
at company level.
Commission Delegated Regulation 2023/6973 establishing rules on the verification activities and the
accreditation of verifiers by administering authorities repealing Delegated Regulation 2016/2072

EU MRV
Shipping company obligations after 1 January 2024 under the amended MRV
Regulation
• From 1 January 2024, shipping companies should revise the monitoring plan of each of their ships to be in conformity
with the requirements of the amended MRV Regulation. Revised monitoring plans must first be assessed by an
independent accredited verifier.
• If the assessment shows that the plan is in conformity, companies must then submit the revised plan in THETIS-MRV no
later than 1 April 2024, for approval by the responsible administering authority.
• If a ship calls to a port in the EEA for the first time after 1 January 2024, the company should submit its monitoring plan
not later than three months after this first call.
• From 1 January 2024, shipping companies must monitor and report methane (CH4) and nitrous oxide (N2O) emissions,
as well as CO2 emissions.
• Each company will be associated with the administering authority of one Member State. By 1 February 2024, and every
two years thereafter, the European Commission will publish a list attributing each company to the administering
authority of one Member State. This will be done in accordance with the rules laid out in the EU ETS Directive
• From 2025, by 31 March of each year, companies must, for each ship under their responsibility, submit an emissions
report for the entire reporting period of the previous year, which has been verified as satisfactory by a verifier in
accordance with Article 13 of the MRV Regulation. The emissions report must be submitted through THETIS-MRV to:
 The relevant administering authority;
 The authorities of the ship’s flag State (if it is flying the flag of an EEA country);
 The European Commission.
EU MRV
Shipping company obligations after 1 January 2024 under the amended MRV
Regulation
• The responsible administering authority may require companies to submit their emissions reports earlier than 31
March, but not earlier than by 28 February.
• The responsible administering authority may require companies to submit their emissions reports earlier than 31
March, but not earlier than by 28 February.
• The aggregated emissions data at company level must include: all ships under its responsibility; and the sums of all
ships’ total aggregated emissions of greenhouse gases, expressed in tonnes of CO2 equivalent, and disaggregated by
individual greenhouse gas.

THRTIS-EU MRV
IT Planning
Source: from EMSA

THRTIS-EU MRV
Key Players and New Roles
Source: from EMSA

THRTIS-EU MRV
Main Activities and Data
Source: from EMSA

THRTIS-EU MRV
Process Overview
Source: from EMSA

Q&A EU MRV
HOW IS THE EU MRV DIFFERENT FROM THE IMO DCS?
The International Maritime Organization Data Collection System (IMO DCS) is the IMO’s emissions monitoring and
reporting scheme. Adopted in 2016, it came into force in 2019, enabling the IMO to directly collect emissions data from
vessels over 5,000 GT. It runs in parallel with the EU MRV, but the two systems have different scopes and requirements:
• The IMO DCS concerns global shipping emissions, while the EU MRV only requires data from vessels traveling to, from,
or within EU waters
• The IMO DCS maintains ship anonymity when publishing reports, whereas the EU MRV publishes annual aggregated
data that identifies individual vessels
• The IMO DCS requires shipowners to develop a Ship Fuel Oil Consumption Data Collection Plan as part of their Ship
Energy Efficiency Management Plan (SEEMP). The EU MRV has a separate procedure for developing emissions
monitoring plans.
• As a statutory requirement, IMO DCS plans are subject to flag administration approval and must be verified by a
recognized organization. In contrast, the EU MRV requires verification from a legal entity with accreditation from EU-
recognized national accreditation bodies.
EU authorities are currently considering aligning the two schemes, with a focus on extending the EU MRV’s scope to
include shipping in the EU ETS.

Q&A EU MRV
Ships covered by the Monitoring, Reporting and Verification (MRV) Maritime Regulation
Which ships need to monitor and report their verified annual data? Are some categories of ships exempt?
The EU Monitoring, Reporting and Verification (MRV) Maritime Regulation (Regulation (EU) 2015/757 or, hereinafter, the
‘MRV Maritime Regulation’) applies to ships of 5 000 gross tonnage (GT) and above in respect of the greenhouse gas
emissions released during their voyages from or/and to ports in the European Economic Area (EEA) for transporting for
commercial purposes cargo or passengers.
In addition, as of 1 January 2025, the MRV Maritime Regulation will also apply to offshore ships above 5 000 GT, as well as
offshore ships and general cargo ships below 5 000 GT but not below 400 GT.
Ships are subject to the MRV Maritime Regulation regardless of their flag.
A limited number of categories of ships are excluded, notably:
• warships
• naval auxiliaries
• fish-catching or fish-processing ships
• ships not propelled by mechanical means
• government ships used for non-commercial purposes.

Q&A EU MRV
Ships covered by the Monitoring, Reporting and Verification (MRV) Maritime Regulation
Which types of greenhouse gas emissions will be covered by the MRV Maritime Regulation as of 1 January 2024?
• Carbon dioxide (CO2)
• Methane (CH4)
• Nitrous oxide (N2O)
What happens if a ship changes class or flag?

The MRV Maritime Regulation applies in a non-discriminatory manner to all ships regardless of their flag or class.
Therefore, this will have no effect on the MRV reporting.

Q&A EU MRV
Voyages and ports of call
Which activities are covered by the MRV Maritime Regulation?
The MRV Maritime Regulation sets monitoring and reporting obligations for EEA-related voyages carried out after 1
January 2018. Voyages correspond to any movement of a ship that originates from or terminates in a port of call.
Port of call means the port where a ship stops to load or unload cargo or to embark or disembark passengers, or the port
where an offshore ship stops to relieve the crew, considering that certain stops are excluded, namely stops for the sole
purposes of:
• refuelling
• obtaining supplies
• relieving the crew of a ship other than an offshore ship
• going into dry-dock or making repairs to the ship and/or its equipment
• stopping in port because the ship is in need of assistance or in distress
• ship-to-ship transfers carried out outside ports
• stopping for the sole purpose of taking shelter from adverse weather or rendered necessary by search and rescue
activities
• stopping of containerships in a neighbouring container transhipment port listed in the implementing act to be adopted
by the end of 2023.

Q&A EU MRV
Which activities are covered by the MRV Maritime Regulation?
Ballast voyages, from the last port of call where the ships have discharged cargo or disembarked passengers to the next
port of call where cargo is loaded or passengers embark, also serve the purpose of transporting cargo and are therefore
subject to the Regulation.
On the other hand, certain movements from ships other than offshore ships and that do not serve the purpose of
transporting cargo or passengers for commercial purposes are not subject to the monitoring, reporting and verification
requirements, for example ice-breaking activities.
Are “ship to ship transfers” carried out outside ports subject to the MRV Regulation?
"Ship to ship" transfers carried out outside ports are covered by the Regulation as part of a voyage calculated from the last
port of call to the next port of call. Variations of cargo arising from "ship to ship” transfers outside ports during a voyage
should be taken into account. In those cases, a weighted average for cargo carried should be calculated and applied to the
entire voyage.

Q&A EU MRV
Are greenhouse gas emissions within EEA ports covered? How must emissions within EEA ports be reported?
Greenhouse gas emissions that were generated within EEA ports of call at berth are covered and must be reported
annually as an aggregated annual figure and a separate item under the emissions report.
Greenhouse gas emissions that were generated within EEA ports when the ship is not at berth, but instead moving within
ports of call between two voyages, must also be accounted for and reported under the total greenhouse gas emissions. In
such a case, cargo and other related parameters such as "distance travelled" or "cargo carried" do not have to be
monitored and reported.
When monitoring emissions pursuant to Article 10 point (k), the company must monitor and report all emissions within
ports.

Q&A EU MRV
Geographical scope
What does the expression “port of call under the jurisdiction of an EU Member State” mean? Are all Member State
ports covered? Are ports in Iceland and Norway covered?
The expression "ports of call under the jurisdiction of a Member State" refers to ports of call located in European Union
territory, (in other words, where EU law fully applies). Not all ports belonging to an EU Member State are EU territories
(see list below). For a voyage to be covered by the MRV Maritime Regulation, at least one of the ports of call must be
located in an EU territory.
Ports of call in the nine EU outermost regions are EU ports of call:
• Azores
• Madeira
• Canary Islands
• Guadeloupe
• French Guyana
• Martinique
• Mayotte
• Saint Martin
• Reunion
Ports of call in Norway (except those on Svarbald) and Iceland also qualify as EU ports of call.

Q&A EU MRV
Geographical scope
What does the expression “port of call under the jurisdiction of an EU Member State” mean? Are all Member State
ports covered? Are ports in Iceland and Norway covered?
EEA Member States' Overseas Countries and Territories which do not qualify as EU ports of call are:
• Aruba
• Bonaire
• Curaçao
• French Polynesia
• Greenland and the Faroe Islands
• New Caledonia
• Saba
• Saint Barthélemy
• Saint Pierre and Miquelon
• Sint Eustatius
• Sint Maarten
• Svalbard
• Wallis and Futuna
In practical terms, this implies that:
• voyages between a port of call located on the territories above and another port of call qualifying as EU port of call
constitute "incoming"/ "outgoing" voyages and are to be monitored and later reported;
• voyages between two ports of call located on the territories above do not fall under the MRV Maritime Regulation.
Q&A EU MRV
Geographical scope
Does the MRV Maritime Regulation apply to Norway and Iceland?
The EU ETS Directive and the MRV Maritime Regulation are texts with EEA relevance, which means the new rules would
also apply to EEA EFTA countries (Iceland, Liechtenstein and Norway).
However, for an EU act to apply to the EEA EFTA States (Iceland, Liechtenstein and Norway), the EEA Joint Committee must
adopt a Decision to incorporate the act into the EEA Agreement. Regarding the revised ETS Directive and MRV Maritime
Regulation, this decision is still pending. The aim is to incorporate acts as closely as possible to their date of entry into
force in the EU, in order to ensure that the same rules apply throughout the EEA.

Q&A EU MRV
Monitoring, reporting and verification obligations
Who assumes the monitoring, reporting and verification obligations for each ship?
Shipping companies are responsible for the monitoring, reporting and verification obligations of each ship (MRV
obligations work on a “per ship” basis).
Companies need to submit a monitoring plan for each of the ships operating under their responsibility to an independent
accredited verifier. For ships falling within the scope of the ETS Directive, the monitoring plan must also be submitted to
the administering authority responsible for approval, after it has been assessed by the verifier.
What obligations does the MRV Maritime Regulation impose on companies and by when?
For each of their ships carrying out voyages to and/or from EEA ports after 1 January 2024, companies must fulfil the
following monitoring and reporting obligations:
• Revise the monitoring plan of each of their ships to be in in conformity with the requirements of the MRV Maritime
Regulation. This plan must be assessed as being in conformity by an independent verifier before 1 April 2024, or no
later than three months after each ship’s first call in a port under the jurisdiction of an EU Member State.
• By 1 April 2024, or no later than three months after each ship’s first call in a port under the jurisdiction of an EU
Member State, companies must, for each of their ships falling within the scope of the ETS Directive, submit to the
administering authority a monitoring plan that has been assessed as being in conformity with the MRV Maritime
Regulation by the verifier and that reflects the inclusion of CH4 and N2O emissions within the scope of the MRV
Maritime Regulation.

Q&A EU MRV
What obligations does the MRV Maritime Regulation impose on companies and by when?
• From 1 January 2024, companies must monitor and report methane (CH4) and nitrous oxide (N2O) emissions, in
addition to CO2 emissions.
• From 2025, by 31 March of each year, companies must, for each ship under their responsibility, submit an emissions
report for the entire reporting period of the previous year, which has been verified as satisfactory by a verifier, to:
 the administering authority,
 the authorities of the flag States concerned for ships flying the flag of a Member State,
 and the European Commission.
• The administering authority may require companies to submit their emission reports earlier than 31 March, but not
earlier than by 28 February.
• From 2025, by 31 March of each year, for ships falling within the scope of the ETS Directive, companies must submit
aggregated emissions data at company level.

Q&A EU MRV
What about ships that do not carry out any voyage falling under the MRV Maritime Regulation during a full calendar
year?
A ship which has not carried out any EEA-related voyages during a whole reporting period (calendar year) will not be
required by EU Member States' authorities to have a Document of Compliance on board showing compliance for that
specific reporting period, when calling at EEA ports between 30 June of the following year and 29th June of the year after.

Q&A EU MRV
Monitoring plans
Must companies submit a monitoring plan for each ship under their responsibility?
Yes. The monitoring plan reflects the technical specifications and the monitoring methods to be applied to the voyages
carried out by the ship concerned and which fall under the MRV Maritime Regulation. It is prepared by the company
having assumed the MRV responsibilities for this specific ship.
However, to simplify the process, shipping companies can identify when submitting information to an accredited verifier:
• the information which applies in an identical manner to their entire fleet ('company-specific parts’);
• the information which reflects the ship's technical characteristics and specific procedures (ship specific parts).
Companies must use standardised monitoring plans based on templates determined by the Commission.

Q&A EU MRV
Monitoring plans
What is the process for the submission of monitoring plans to the verifier?
Companies are to draft and submit the monitoring plans to accredited verifiers through the THETIS-MRV platform.
Monitoring plans can be established in any language agreed between the company and the accredited verifier. However,
there is an obligation to ensure that an English translation of the satisfactorily assessed monitoring plan is available.
The verifier must assess the conformity of the monitoring plan with the requirements laid down in the MRV Maritime
Regulation. Where the verifier's assessment identifies non-conformities with those requirements, the company concerned
shall revise its monitoring plan accordingly and submit the revised plan for a final assessment by the verifier before the
reporting period starts. The company shall agree with the verifier on the timeframe necessary to introduce those revisions.
That timeframe shall in any event not extend beyond the beginning of the reporting period.

Q&A EU MRV
Monitoring plans
What is the minimum content and format of the monitoring plan?
Companies must draft monitoring plans in the THETIS-MRV system, on the basis of a template defined in Annex I to the
Implementing Regulation (EU) 2023/2449. Information concerning all mandatory items, as identified in the monitoring
plan model, has to be included.
Additionally, there are a number of voluntary fields that might be relevant for a limited number of ship categories. For
example:
• the ice class of the ship (unless the ship wants to benefit from the specific ETS derogation for ice-class ships, in which
case this information is mandatory) and procedures, responsibilities, formula and data sources for determining and
recording the distance travelled and the time spent at sea when navigating through ice, if applicable, and
• other procedures relevant to monitoring of fuel consumed and CO2 emitted such as the procedures for determining
and recording the fuel consumption for dynamic positioning, or the average density of cargo transported.
Information on procedures and other elements included under the voluntary fields on the monitoring plan is also part of
the assessment by the verifier.

Q&A EU MRV
Monitoring plans
Can companies modify the monitoring plan?
Companies are required to check at least once a year whether a ship’s monitoring plan reflects the nature and functioning
of the ship and whether the monitoring methodology can be improved. The MRV Maritime Regulation provides for certain
situations when companies are required to modify the monitoring plan, such as:
1) a change of company;
2) new greenhouse gas emissions are generated due to new emission sources or due to the use of new fuels not yet
contained in the monitoring plan;
3) a change in availability of data which may affect the accuracy of the measurement of greenhouse emissions, due to the
use of new types of measuring equipment, new sampling methods or analysis methods or other reasons;
4) data resulting from the monitoring method has been found to be incorrect;
5) any part of the monitoring plan is identified as not being in conformity with the requirements of the MRV Maritime
Regulation.
In case of modifications of the monitoring plans, companies shall notify the verifiers without undue delay.
In circumstances provided by points (2), (3) and (4), modifications of the monitoring plan shall be subject to assessment by
the verifier. Following the assessment, the verifier shall notify the company whether those modifications are in conformity.

Q&A EU MRV
Monitoring plans
Can companies modify the monitoring plan?
Once a company has received a notification of conformity, and for ships falling within the scope of the ETS Directive, the
company shall submit its modified monitoring plan to the responsible administering authority. Companies shall also
submit modifications provided under points (1) and (5) to the responsible administering authority.
The administering authority responsible shall approve modifications of the monitoring plan, in accordance with the rules
laid down in the MRV Maritime Regulation, to be complemented by a delegated act to be adopted by the Commission by
the end of 2023.
Do shipping companies need to upload the Monitoring Plan to the THETIS-MRV platform?
Yes, as of 1 January 2024, the monitoring plan will need to be submitted through THETIS-MRV.

Q&A EU MRV
“Per voyage” monitoring
Under which conditions can a ship benefit from the exemption from the 'per voyage' monitoring?
A company is exempt from the obligation to monitor a specified ship on a per-voyage basis, if according to schedule:
• all of the ship's voyages during the reporting period are EEA-related voyages and
• the ship performs more than 300 voyages during the reporting period.
Both conditions need to be met.
In practical terms, it implies that providing data to the verifier on per voyage monitoring is not compulsory to the extent
that other documents and data (such as Bunker Delivery Notes) could be used to calculate the ship's aggregated data.
Companies have to document their procedures to calculate aggregated data in the monitoring plan, using the official
template.
However, please note that where emissions would fall under the scope of any of the specific ETS derogations (provided for
in Article 12(3-b), 12(3-c) or 12(3-d) of the ETS Directive), companies might need to monitor on a per-voyage basis,
although these specific rules are being developed as part of implementing and delegated acts to be adopted by the end of
2023 (more information will follow soon). Article 12(3-b), 12(3-c) or 12(3-d) of the ETS Directive provide for specific
derogations related to, respectively, outermost regions, certain transnational maritime routes under public service
contract or obligation, and specific small islands with no road or rail link with the mainland and with a population of fewer
than 200 000 permanent residents.

UK-MRV
Process Overview
• On the 17 September 2021 the UK Government released its guidance on the application of the UK scheme
for monitoring, reporting and verifying (MRV) carbon dioxide (CO2) emissions as Marine Information Note
669.
• On the 5th of May 2023 this publication was withdrawn. This Marine information note has been superseded by MIN
669 (M+F) Amendment 1 - Reporting emissions data into the UK MRV regime.
Source: from EMSA

UK-MRV
Scope of Apply Vessel
• The type of vessels within scope of the UK MRV regime and type of emissions data for collection are the same as
those under the EU MRV regime.
• The only emissions data required to be reported under the UK MRV regime are for the following voyages:
 Voyages between two UK ports
 Voyages between a UK and non-EEA port
 Emissions generated within a UK port
 Emissions generated for voyages between a UK and non-EEA port
 Voyages between a port in the UK and a port in one of the UK Overseas Territories or Crown Dependencies
Note:
British overseas territories:
The British overseas territories (formerly known as British dependent territories or Crown colonies) are: Anguilla; Bermuda; British
Antarctic Territory; British Indian Ocean Territory; British Virgin Islands; Cayman Islands; Falkland Islands; Gibraltar; Montserrat;
Pitcairn, Henderson, Ducie and Oeno Islands; St Helena and St Helena Dependencies (Ascension and Tristan da Cunha); South
Georgia and South Sandwich Islands; Sovereign Base Areas of Akrotiri and Dhekelia (Cyprus); and The Turks & Caicos Islands
(Foreign and Commonwealth Office: List of Crown Dependencies & Overseas Territories).
Crown dependencies:
The Crown dependencies are the Isle of Man and the Channel Islands, that is, the Bailiwick of Jersey and the Bailiwick of Guernsey
(including Guernsey and its dependencies) (Foreign and Commonwealth Office: List of Crown Dependencies & Overseas
Territories).

UK-MRV
Key Deadlines
The UK has taken a decision to delay the requirement for ship operators to report emissions until a digital solution for
reporting is fully operational (expected in 2025). A UK MRV Document of Compliance will not be required until the
digital system is operational.
This does not affect the legal requirement for ship operators to monitor vessel emission and submit their emissions
reports for annual verification to Verifier(e.g.BV), which remains in place. The UK are only delaying the reporting
requirement, with the data from any intervening years to be submitted once the new system is ready.
Source: from EMSA

UK-MRV
Accreditation
According to MIN 669 (M+F) Amendment 1 Reporting Emissions Data into the UK MRV Regime & The Merchant
Shipping (Monitoring, Reporting and Verification of Carbon Dioxide Emissions)(Amendment) (EU Exit) Regulations
2018 (UK Statutory Instrument 1388/2018) verifiers which are accredited for the EU MRV regime by a European
National Accreditation Body, will be temporarily accepted as verifiers under the UK MRV regime until the end of 2023,
as part of the preparations for the establishment of the UK MRV regime.
From 1 January 2024, all verifiers must be accredited by the United Kingdom Accreditation Service (UKAS) for the
provision of UK MRV verification work hence LR has already initiated the process to apply for UKAS Accreditation.
Source: from EMSA

Q&A- UK-MRV
Is the UK scheme similar to the EU scheme?
Yes. It is almost identical. The ships that are required to comply are the same. The types of data that need to be
recorded are the same. The only real difference is the voyages that are required to have data recorded for.
This similarity will change as amendments to the EU scheme come into effect from 2024, whereby the ship sizes
change and the type of GHG emissions that data needs to be collected on change too.
What do I need to do now?

Owners/managers of existing ships that go to the UK were required to review and amend their EU MRV monitoring
plans and have them assessed by the end of 2021. Any owners/managers of existing vessels that haven’t been through
that process yet, but which will be entering the UK will need to amend their EU MRV monitoring plan to ensure it
covers the separate requirements of the UK MRV Scheme and submit it to Verifier as soon as possible. No additional
evidence needs to be submitted.
Ship operators must submit a monitoring plan to the verifier for newly acquired vessels, no later than two months
after the ship’s first call to a UK port.
Onboard systems need to be able to collect and record data separately for the EU and UK MRV Schemes. An assessed
monitoring plan is to be in place.

Q&A- UK-MRV
Do I need to produce a separate UK MRV Monitoring Plan?
No. Ship operators with an existing monitoring plan which conforms to the EU MRV regime, may use their existing plan
– appropriately modified if necessary – for both the EU and the UK MRV regime.
What changes do I need to make in an existing EU MRV Monitoring Plan?

Your modified Monitoring Plan under the UK MRV regime shall:
• Include which voyages will be reported under the UK MRV regime.
• Include the applicable legal framework is mentioned in the Monitoring Plan.
• Describe how a separate Emissions Report will be generated for the purposes of the UK MRV regime.
If different from the one already applicable for EU MRV, indicate the method which will be used to monitor and report
emissions data, based on fuel consumption and other parameters, such as distance travelled, time at sea and cargo
carried on a per voyage basis.
Do I need to start collecting emissions data now?
Yes. Emissions data collection started from 1 January 2022.
Source: from EMSA

Q&A- UK-MRV
When do I submit my data for verification to Lloyd's Register?
Ship operators should submit their data to Verifier for verification following each reporting period (calendar year). As
per MIN 669 Amendment 1 data should be submitted by 15 February each year for data collected in the preceding
calendar year.
Will BV submit my data to the UK Administration?
No. BV will verify the data, contact ship owners with any outstanding queries, and maintain final verified reports until
requested by the UK Administration.
Currently the UK is working to develop a digital reporting system and has taken a decision to delay the requirement for
ship operators to report emissions until the digital reporting system is fully operational. Hence the verified emissions
reports should be retained by the ship owner until the system is ready for the verified reports to be submitted.
Do I need to start collecting emissions data now?

Yes. Emissions data collection started from 1 January 2022.
Source: from EMSA

3.
ETS

ETS
ETS Principles
Source: from EMSA

ETS
ETS Directive & Regulation
Directive (EU) 2023/959 of the European Parliament and of the Council of 10 May 2023
amending Directive 2003/87/EC establishing a system for greenhouse gas emission
allowance trading within the Union and Decision (EU) 2015/1814 concerning the
establishment and operation of a market stability reserve for the Union greenhouse gas
emission trading system.wo
Commission Implementing Regulation (EU) 2023/2599 of 22 November 2023 laying
down rules for the application of Directive 2003/87/EC as regards the administration of
shipping companies by administering authorities in respect of a shipping company
Commission Implementing Regulation (EU) 2023/2297 of 26 October 2023 identifying
neighbouring container transhipment ports pursuant to Directive 2003/87/EC of the
European Parliament and of the Council
Commission delegated regulation 2023/7112 and annexes amending Delegated
Regulation 2019/1122 as regards the functioning of the Union Registry to reflect the
integration of the maritime sector

ETS
Timing & Scope
Source: from EMSA

ETS
Emissions Shall be Considered

ETS
Carbon Leakage from a Transhipment Port

ETS
The EU ETS compliance cycle for maritime transport
Source: from EMSA

ETS
Extension of the EU ETS to Maritime Transport
Source: from EMSA

ETS
Source: from EMSA

ETS
Source: from EMSA

ETS
Source: from EMSA

ETS
Source: from EMSA

ETS
Source: from EMSA

ETS
Source: from EMSA

ETS
Source: from EMSA

ETS
Source: from EMSA

ETS
Source: from EMSA

ETS
Source: from EMSA

ETS
Source: from EMSA

ETS
Source: from EMSA

ETS
Source: from EMSA

ETS- UNION REGISTRY
Overview
The ETS Directive: ETS operations are centralised in a single register Union Registry; operational since
July 2012
All participants in the EU ETS must have an account in the Union Registry for compliance or for trading
Over 12.000 open accounts, about 29.000 users
Source: from EMSA

ETS- UNION REGISTRY
What is the Union Registry in ETS?
• An IT system similar to online banking ensuring the accurate accounting of EU Allowances
• Holds Accounts of operators and traders in the carbon market
• Keeps the Balance of Allowances - acquired in auctions or on the secondary market
• Enables Transfer of Allowances (transactions) between participants
• Records Annual verified CO2 emissions
• Reconciles Allowances and verified emissions - each operator must surrender allowances to cover verified
emissions
• Does not record the financial part of a transaction
Source: from EMSA

ETS- UNION REGISTRY
Union Registry's users
Mandatory users
• Stationary installations
• Aircraft operators since 2012
• Shipping Companies as of January 1, 2024
• Verifiers
Voluntary users
• Traders / Banks
• Private persons
Note: https://climate.ec.europa.eu/eu-action/eu-emissions-trading-system-eu-ets_en
Source: from EMSA

ETS- UNION REGISTRY
Account types in EU ETS
• Operator / Aircraft Operator / Maritime Operator Holding Accounts - for all obliged entities
• Trading Accounts – for all other entities
Transaction types in EU ETS

• Transfers: transfer of allowances or other units between Accounts
• Surrender: use of allowances for compliance
Source: from EMSA

ETS- UNION REGISTRY
Emission allowances – Secondary market
• Emission allowances and derivatives are financial instruments under the Markets in Financial Instruments
Directive (MiFID) (financial rules are applicable e.g. Market Abuse Regulation, Anti-Money Laundering
Directive)
• EU allowances can be obtained via financial service providers who transfer purchased allowances onto
participants Registry accounts for surrender
• Can be obtained in advance in the form of futures, with the transfer of allowances at a future date

ETS IMPACT ASSESSMENT: CASE OF A LNG CARRIER



4.
FUEL EU

FUEL EU: ROUTE AND PORT

FUEL EU: TRANSHIPMENT PORTS

FUEL EU: YEARLY TARGETS

FUEL EU: ASSESS YOUR PROFILE-OPS MANDATORY

FUEL EU: ASSESS YOUR PROFILE-FLEET

FUEL EU: ASSESS YOUR PROFILE-FLEET

FUEL EU: IMPLEMENTATION CALENDER

FUEL EU: FLEXIBILITYS AND SANCTIONS



FUEL EU IMPCAT ASSESSMENT: CASE OF A LNG CARRIER



BVS CAN PROVIDE SERVICE:
 PREPARE/UPDATE EU MRV MP
 PREPARE/UPDATE UK MRV MP
 ASSIST COMPANY TO EVALUATE ETS/FUEL EU
 TECHNICAL SOLUTIONS FOR DECARBONIZATION AND
ALTERNATIVE FUELS
 FLEET/SHIP ROUTLINE AND OPERATION ADJUSTMENT

THANK YOU
CONTACT :

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MRV & ETS

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• Single market integration

• Transparency : MRV and public database + Taxonomy + CSRD

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Source: from EMSA

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Source: from EMSA

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Source: from EMSA

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Source: from EMSA

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What happens if a ship changes class or flag?

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Source: from EMSA

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Source: from EMSA

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Source: from EMSA

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What do I need to do now?

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What changes do I need to make in an existing EU MRV Monitoring Plan?

Source: from EMSA

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Do I need to start collecting emissions data now?

Source: from EMSA

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Source: from EMSA

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Source: from EMSA

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MRV&ETS

MRV&ETS

MRV&ETS