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To start, you’ll need to input your fuel/lube types. In the Data Center, navigate to Fuel/Lube Types (under the Vessels category).

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These values can be entered by navigating to Data Center → Fuel/Lube Type

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Types.

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Optional Step – Using the Lifting Level Emissions column to later capture fuel emissions factors in the Bunker Purchase form

To capture fuel emissions factors in the Bunker Purchase form, select the box in the Lifting Level Emissions column for each fuel type. The Bunker Purchase form will then display these fuel types.

Optional Step – Capturing Cslip for LNG

Optional Step – Capturing Cslip for LNG

The LNG Cslip Factor depends on the LNG Engine as defined in the table below. To capture the Cslip for LNG, the Engine Type can be configured on a vessel.

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Navigate to Data Center → Vessel → Details Tab. Under the Details tab, there will be a field called Engine Make/Type, which allows for the types defined by the EU to be selected on the engine. Each engine type references the default Cslip value and is included in the FuelEU Calculation.

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Using the FuelEU Calculator

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If you change the exchange rate, Agreed Penalty calculation for your base currency will be automatically updated.

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Using the Compliance Breakeven Calculator

When a voyage incurs a FuelEU penalty, it is due to a negative compliance balance.

By burning compliant fuels and/or pooling with vessels burning compliant fuels, you can reach compliance and avoid paying a FuelEU penalty. With the current price of biofuel (a compliant fuel under FuelEU), reaching compliance can be significantly less costly than the FuelEU penalty. This alternative method has surfaced as a possible way to drive costs based on the cost of compliance, not the actual cost of the FuelEU penalty.

The breakeven calculation replaces the amount of the worst non-compliant fuel (when the regulation % is the same) consumed on a voyage with the replacement fuel selected to the amount where the compliance balance is negated.

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For this estimate, the system is replacing the worst non-compliant fossil fuel (HFO) with a compliant replacement fuel (B30) that has been selected as the replacement fuel. The breakeven calculation replaces the amount of energy of the non-compliant fuel with compliant fuel to an estimated zero (breakeven) compliance balance.

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This provides the amount of fuel that needs to be replaced the amount of replacement fuel, and drives the FuelEU Agreed Cost as

(Replacement Fuel (MT) x Replacement Fuel Price) - (Replaced Fuel (MT) x Replaced Fuel Price)

Or, in this example,

(Cost of B30) - (Cost of HFO) = FuelEU Agreed Cost

Setting up the replacement fuel

The replacement Fuel pulls from the fuels configured in the Fuel Grades Table.

In this example, we have configured a B30 & B24 as fuel grades.

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Using the calculator

On the Carbon Calculator → FuelEU Tab

1. Select Estimated Breakeven in the Override Calc dropdown

2. Choose the fuel to be used as the Replacement Fuel from the dropdown
   

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3. Check the Use Estimated Breakeven checkbox to drive the agreed cost based on the estimated cost of compliance.

Reporting on Aggregate Values

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Read more on how to create, edit, and run a report.

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Capturing Actual Tested Values on Voyage

Once a the voyage is complete, you may want to include FuelEU Maritime costs in your time charter (TC) invoice. Take the following steps to invoice FuelEU costs.

Step 1 – Navigating to the Time Charter (TC) In List

From the main menu, under Chartering, select TC In – List. From the TC In List, choose a time charter by selecting the TC Code. This will open the Time Charter In form. From there, select Make Payment.

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Step 2 – Making a Payment

Follow the steps in IMOS - Time Charter Paymentfor making a payment in the Time Charter Payment form. Once you reach step 3, select Create/Add Details to select line items to add to the payment in the Item Select form.

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Step 3 – Adding FuelEU Line Items

From the Item Select form, check the box for Fuel EU Voyage. Then, select OK.

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The Item Select form will close and you will be back on the Time Charter Payment form.

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Step 4 – Selecting the Voyage

From the Time Charter Payment form, select the Voyage Number (Voy No.) of the voyage you want to invoice.

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Once a voyage is selected, the Amount defined in the FuelEU tab of the Carbon Calculator will appear under the Amount column. This amount cannot be edited from the Time Charter Payment form. Select the Save button to save the invoice.

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has commenced, you can capture the actual tested emissions values of the bunkers. To do this, follow the instructions for creating or editing a Bunker Purchase. When you input information in the Fuel tabs, you can update the fuel emission factors for the fuels you selected in the Fuel/Lube Types form.

Once you’ve updated the emissions values, they will be used as the source of truth for FuelEU calculations instead of the global values set in the Fuel/Lube Types table.

How Does the FuelEU Calculator Work?

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• GHG Intensity Limit of the year = 89.3368 (2025-2030)

• GHG Intensity of the Ship (WtW GHG Intensity) = WtT GHG Intensity + TtW GHG Intensity

  • WtT GHG Intensity = ( MT x 1,000,000 x 'WtT CO2e' x LCV ) / MJ

  • TtW GHG Intensity = ( MT x 1,000,000 x 'TtW CO2e' ) / MJ

• Total Energy (MJ) = MT x 1,000,000 x LCV

• Penalty per energy used (EUR/MJ) = 2400/4100 = 0.0580585

Total Penalty = (GHG Intensity Limit - GHG Intensity) / GHG Intensity x MJ x Energy Penalty

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• Compliance Balance (MT) = (GHG Intensity Limit - GHG Intensity) x Total Energy / 1,000,000

The Fuel EU FuelEU Penalty is the cost associated with the compliance (Compliance Balance x Energy Penalty = $)

• Negative Compliance: Fuel EU FuelEU Penalty. The fuel consumed during the voyage was over the compliance limit.

• Positive Compliance: No Fuel EU FuelEU Penalty. The fuel consumed during the voyage was compliant and created a compliance surplus.

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