IMOS - Carbon Expenses

This feature requires the configuration flag CFGSustainability to be enabled and the CO2 factors to be set up.

Carbon Pricing Setup

Voyage Estimates

The Carbon Pricing feature is available in the Voyage Manager and 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 governing bodies or counterparties in some cases.

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

• CFGEnableCO2Pricing

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

  2. Default Value: N

• CFGCO2DefaultCurrency

  1. Description: Default currency for CO2 emissions pricing.

  2. Default Value: EUR

• CFGCO2DefaultPrice

  • 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

Requires schema version 360. If, when enabling CFGEnableCO2Pricing, the system populates "This Feature requires a schema upgrade" at the top of the screen, reach out to Veson Support to request a schema upgrade to allow the new feature. The Schema may also be upgraded in a later maintenance window.

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

Note: The exchange rate will populate automatically based on the default currency set up in the settings.

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.

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.

To read more about EU ETS features, visit the EU ETS in Carbon Calculator article.

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.

To read more about FuelEU features, visit the FuelEU Maritime Calculator article.