【Regulation】 Directive about EU-ETS now on EU journal

The EU Parliament has already passed a bill to make the EU-ETS applicable to shipping, and the bill has been published in the EU Journal.

Here is the link

We can now confirm the following

• Member States shall take the necessary measures to ensure that when the ultimate responsibility for the purchase of the fuel, or the operation of the ship, or both, is assumed by an entity other than the shipping company pursuant to a contractual arrangement, the shipping company is entitled to reimbursement from that entity for the costs arising from the surrender of allowances. 
• According to article 3ge, the administering authority in respect of a shipping company shall ensure that the reporting of aggregated emissions data at shipping company level submitted by a shipping company pursuant to Article 3gd of this Directive is verified in accordance with the verification and accreditation rules set out in Chapter III of Regulation (EU) 2015/757. The extent of the Penalty for violating the rules is not clear, but there is concern that if the Shipping Company violates the rules, all Fleet vessels under its control will be affected by the penalties.
• Each Shipping Company will be assigned a competent authority, the list of which will be announced by February 1, 2024.

The detailed procedures for complying with the regulations are still unclear, and we are awaiting the release of the guidelines.

Our support center will continue to gather information and will update this page as needed. If you have any questions, comments, or concerns, please feel free to contact us here.

Please also refer to our previous article on EU-ETS.