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Verifavia, a company that is focussed on emissions verification for the transport sector, has signed a memorandum of understanding (MoU) with independent Greek ship classification society and certification organization, INSB Class.

As part of the new strategic partnership, INSB C[ds_preview]lass will offer Monitoring, Reporting and Verification (MRV) services to its contracted customers by leveraging the knowledge and expertise of its trusted partner and EU MRV specialists, Verifavia Shipping Hellas. As an established independent verification company, Verifavia will utilise the tools as well as in-depth knowledge and expertise at their disposal to instil ship owners and operators with the confidence that the right systems, capabilities, and understanding are in place to efficiently achieve compliance.

MRV regulation will come into force this August

Shipping companies with vessels exceeding 5,000 GT operating in the EU have until August 2017 to prepare plans to monitor and report their carbon emissions, fuel consumption, and associated transport work. Adopted on 1st July 2015, the MRV regulation will see the EU collect and make publicly available data for over 12,000 vessels visiting EU ports. The HANSA talked earlier in an Interview with Julien Dufour, CEO and founder of Verifavia Shipping, about that.

The regulation is the industry’s first step towards cutting CO2 emissions from maritime transport in the European Union (EU) and compliance is non-negotiable. Owners and operators have just seven months until the first legal deadline requiring them to submit a Monitoring Plan (MP) to a verifier. In addition, all MPs must be successfully assessed by an accredited verifier by 31st December 2017, before the start of the first monitoring period.