IMOS - CO2 Pricing

C02 Pricing Setup

CO2 Pricing was introduced in IMOS when European carbon regulations addressed CO2 emissions alone. It applies a single price and CO2 factor to voyage bunker costs, generating three sub-P&L line items on the Estimate: Total CO2 cost, CO2-adjusted profit, and CO2 adjusted time charter estimate.

Since then, FuelEU, EU ETS, and UK ETS have all expanded scope to cover additional greenhouse gases — including methane (CH4) and nitrous oxide (N2O) — calculated using Global Warming Potential (GWP) factors. CO2 Pricing does not account for this broader scope and remains a CO2-only estimate.

For an assessment that reflects the full regulatory scope of FuelEU, EU ETS, and UK ETS, use the Carbon Calculator instead.

Voyage Estimates

The Carbon Pricing feature is available in the Voyage Estimates to give charterers a view into voyage-adjusted TCE and aid in business decision-making. We developed carbon pricing features to estimate costs related to carbon expense management as imposed by the European Union. Carbon pricing only applies to EU-affiliated ports at this time.

Several line items were added to the sub-P&L line items in Voyage Estimate to account for CO2 pricing:

• Total CO2 cost

• CO2-adjusted profit

• CO2 adjusted time charter estimate.

To set up the CO2 pricing, follow these steps:

Step 1 - Enable the following configuration flags

• CFGSustainability

  • When enabled, the Sustainability panel will appear in the voyage manager, and display relevant metrics.

• CFGEnableCO2Pricing

  1. Description: When enabled, CO2 Pricing will be included in Bunker Planning and Estimator PnL.

  2. Default Value: N

• CFGCO2DefaultCurrency (optional)

  1. Description: Default currency for CO2 emissions pricing.

  2. Default Value: EUR

• CFGCO2DefaultPrice (optional)

  • Description: Default price per MT for CO2 emitted, expressed in the currency specified with CFGCO2DefaultCurrency.

  • Default Value: 0

• CFGDefaultIncludeCarbonExpInPnl (optional)

  1. Description: Automatically include emissions expenses from the Carbon Calculator in the P&L for new estimates

  2. Default Value: N

Step 2 - Access carbon pricing via Estimates → Bunker Planning

Once the configuration flags have been enabled and set up, you can access carbon pricing by navigating to Estimates within the Chartering module and selecting Bunker Planning from the Menu dropdown.

Step 3 - Enter the desired currency and cost

The P&L will calculate the CO2 cost, CO2 Adjusted Profit (Loss), and CO2 Adjusted (Net) TCE:

Voyage Manager

You can include CO2 expense in your total voyage costs by selecting the Include in PnL checkbox in the Carbon Pricing form. Once selected, emissions will show as an expense in the Voyage Estimate P&L.

CO2 Factors Setup

For details about carbon expense setup and emissions metrics and ratings, review the page IMOS - CO2 Factors Setup & Emissions.

P&L

EU ETS

EU ETS regulations cover potential regulatory costs related to CO2 emissions, including the CO2 Cost, CO2 Adjusted Profit (Loss), and C02 Adjusted (Net) TCE fields. When you select the Include in P&L checkbox in the Carbon Calculator, these regulatory costs are included in Emission Expenses.

FuelEU

Fuel EU regulations cover potential regulatory costs related to C02, CH4, and N20 emissions (all types of carbon compounds). When you select the Include in P&L checkbox in the Carbon Calculator, these regulatory costs are included in Emission Expenses.