FuelEU Maritime

FuelEU Maritime – how to comply with regulations

What are the key dates on the horizon and what actions need to be taken by shipowners?

  • By 31 August 2024 or within two months after first port of call in 2025: Company submits FuelEU Monitoring Plan (MP) to an accredited verifier, such as DNV. This plan should contain an assessment of every ship and provide key details on how emissions will be monitored and reported. Note that a change of verifier requires MP re-assessment.
  • By 31 January each year: Company provides FuelEU report to verifier. In case of a change of company, a partial report should be verified within 1 month after company transfer.
  • By 31 March each year: Verifier records compliant FuelEU report in FuelEU database. This should be a FuelEU full-year report.
  • By 30 April each year: Company records advance compliance surplus / compliance banking / notifies pooling intention in FuelEU database. Verifier records composition of vessel pools and approves compliance balance.
  • By 30 June each year: Verifier issues FuelEU Document of Compliance. In case a penalty is applicable, the Document of Compliance is issued by Authorities after receipt of payment.

These steps ensure that shipowners are in compliance with FuelEU Maritime regulations.

What is the best way to ensure compliance?

Use energy sources of lower WtW GHG intensity:

  • Sustainable biofuels
  • Renewable fuels of non-biological origin (RFNBO) (e.g. e-methanol)
  • Recycled carbon fuels (RCF)
  • Fossil LNG/LPG
  • Shore power
  • Wind assisted propulsion

Use the flexibility mechanisms:

  • Borrow an advance compliance surplus from next year (maximum 2%, not allowed for two consecutive periods)
  • Include ship’s compliance balance in a pool of ships (including with other companies)

FuelEU Maritime - pooling

Or pay penalty:

Not complying with WtW GHG Intensity target from 2025 will result in a penalty of 2400 EUR per tonne-VLSFO-equivalent.

More on FuelEU Maritime

 

FuelEU Maritime: How to prepare for compliance

Read our statutory news from 6 May 2024

 

Navigating the options to FuelEU Maritime compliance

Listen to our 15-minute podcast from Eirik Nyhus

 

The EU agrees on well-to-wake GHG limits to energy used on board ships from 2025

Read our statutory news from May 2023

 

Overcoming practical EU ETS challenges

Listen to our podcast which also refers to FuelEU Maritime

Related topics

 

MRV (EU and UK)

Visit our topic page

 

EU ETS – Emissions Trading System

Visit our topic page

 

IMO DCS – Data Collection System

Visit our topic page

 

CII – Carbon Intensity Indicator

Visit our topic page

 

SEEMP Part III

Visit our topic page

 

Decarbonize shipping

Learn more on different aspects of decarbonization in shipping on our information hub