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Building Trust: Independent Emissions Verifier

Sea Cargo Charter

Sea Cargo Charter

The Sea Cargo Charter empowers charterers to contribute to the IMO’s goal of reducing greenhouse gas emissions in shipping by 50% by 2050. This framework provides a way to assess and report the climate alignment of your chartering activities, promoting transparency and accountability in the industry. 

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Why choose Normec Verifavia?

  1. World’s Leading Verification Body: Normec Verifavia holds the expertise and accreditation to handle carbon emissions verification under various regulations. 
  2. Extensive Experience: We possess vast experience in collecting and analyzing maritime data, ensuring accurate and reliable assessment. 
  3. Independent Expertise: Normec Verifavia acts as an impartial third party, providing unbiased calculations and reports. 

Normec Verifavia is the world’s leading independent carbon emissions verification body for shipping under the EU (European Union) MRV and the IMO DCS, accredited by UKAS, COFRAC, the Panama Maritime Authority, the Liberia Maritime Authority, and several other Flag States. Each year, we successfully verify the carbon emissions of 2000+ ships. 

Over the years, Normec Verifavia has acquired tremendous experience in collecting fuel consumption, CO2 emission, cargo, and transport work data (and documents) from ship operators/managers/owners. We are experts in transforming, analysing, and verifying vessel’s operational data and efficiency parameters, and our procedures ensure robust and accurate analysis.              

We can perform the independent calculation as an expert third party on behalf of the Signatories. We have the workforce, technical skillset, and technological capabilities to easily process large datasets. 

We work with the leading Flag States such as Panama and Liberia and can also act as an RO for providing the data to the Signatories in these cases. 

Key Features of the Sea Cargo Charter: 

  1. Climate Alignment Assessment: The charter measures how effectively your chartering activities align with the IMO’s decarbonization trajectory, considering both individual voyages and your overall annual activity. 
  2. Transparency and Accountability: You must publicly report your climate alignment scores, demonstrating your commitment to sustainability and driving industry-wide progress. 
  3. Voluntary and Practical: Implementation is straightforward, with readily available data sources and verified calculations by independent experts like Normec Verifavia. 
  4. Focused Scope: The charter applies to bulk chartering activities of vessels exceeding 5,000 gross tons for dry bulk carriers, chemical tankers, oil tankers, and liquefied gas carriers. 

Understanding Climate Alignment: 

  1. Voyage Basis: The charter compares your voyage’s carbon intensity with the decarbonization trajectory, reflecting real-world performance through metrics like EEOI, not just design specifications. 
  2. Annual Activity Basis: It considers the weighted average of all your voyages within a specific category, providing a broader picture of your overall impact. 
  3. Decarbonization Trajectory: It is specific to each ship type and size, ensuring consistent and transparent assessment across the industry. 

Your Role as a Signatory: 

  1. Collect Data: Collect relevant data using IMO or EU MRV regulations. 
  2. Calculate Climate Alignment: Normec Verifavia provides accurate and independent calculations to assist you. 
  3. Report Annually: Submit your climate alignment scores to the Sea Cargo Charter Secretariat. 
  4. Publish Results: Share your scores in relevant institutional reports to promote transparency.

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Process

Three steps to a result

  1. Data Collection

    Gather relevant data points like fuel consumption, CO2 emissions, cargo details, and transport work data adhering to IMO or EU MRV regulations.

  2. Climate Alignment Calculation

    Normec Verifavia offers meticulous and accredited calculations. Signatories can perform calculations using appropriate methodologies.

  3. Annual Reporting

    Submit climate alignment scores, encompassing both voyage and annual activity data, to the Sea Cargo Charter Secretariat by the deadline. 

  4. Result Publication

    Share scores in relevant institutional reports, demonstrating transparency and commitment to sustainability.

Downloads

Sea Cargo Charter Website Sea Cargo Charter FAQs
FAQ

Find answers to the most commonly asked questions

How are the climate alignment scores calculated for voyages and annual activities?

The voyage alignment score compares the carbon intensity of your voyage (grams of CO2 per tonne-mile) with the required intensity based on the decarbonization trajectory for that vessel type and size at the specific time. The annual activity alignment is a weighted average of all your voyages within a category, considering the transport work each voyage performed.  

What resources are available to help me understand and implement the requirements of the Charter?

The Sea Cargo Charter website provides comprehensive resources, including FAQs, guidance documents, and webinars. Normec Verifavia also offers expert guidance and support throughout the implementation process.  

How does the Charter ensure the privacy and security of data for participating companies?

The Charter adheres to strict data privacy and security protocols. Data is anonymized and aggregated before reporting, and only authorized individuals have access to sensitive information.  

What are the consequences of not complying with the Charter’s requirements?

Currently, there are no direct penalties for non-compliance. However, consequences include reputational risks and exclusion from certain chartering opportunities.  

Ready to join the Sea Cargo Charter journey?

Contact Normec Verifavia today to navigate the requirements, ensure accurate data collection and analysis, and contribute to a more sustainable maritime future with confidence. 

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