Sustainability | Veson Help Center

IMOS offers several features and data solutions for understanding and reducing carbon emissions. These features are a part of Veson’s two-fold approach to sustainability, which consists of empowering our users to make more sustainable decisions daily and collaborating with stakeholders (internal and external partners) to drive decarbonization in maritime shipping.

Sustainability features in IMOS

The following areas and modules in the system either include or will include sustainability-related enhancements to accommodate multiple workflows and processes:

Data Center

Data Setup

You can set up fuel information and carbon factors in Fuel/Lube Types and utilize the Fuel Zones functionality with the IMO 2020 checkbox to ensure a more flexible fuel consumption. Check out Carbon Calculator Fuel Factors Setup to configure fuel types for FuelEU, EU ETS and UK ETs regulations.

Use the Fuel Grades in the Data Center to set up fuel grades for Lifting level emissions workflows.

Chartering

CO2 Emissions and Cost

We enhanced our Estimates tool to include CO2 emissions, Speed Comparison Analysis, and CO2 Pricing.

Emissions tabs

The Emissions tab in Time Charter In and Time Charter Out contracts, Cargo COA, and VC IN COA contracts allows you to capture contractual details agreed to with the counterparty regarding how emissions expenses will be settled over the life of the contract.

Carbon View

Carbon View is an alternate display mode within the Estimator Worksheet in IMOS. It highlights the carbon-emissions impact of a given voyage estimate. In this screen, you can calculate AER (Annual Efficiency Ratio) and CII (Carbon Intensity Indicator) ratings for Voyage Estimates.

Carbon Calculator

We developed emissions expense features to estimate costs related to carbon expense management as imposed by governing bodies or counterparties in some cases. Use the Carbon Calculator in the Voyage Manager to incorporate FuelEU and EU ETS modifiers and apply a price to carbon emissions.

EU ETS Calculator in the Carbon Calculator

The EU ETS Calculator article reviews EU ETS modifiers in the Carbon Calculator, such as the phase-in logic, ETS percentages for sea and port consumption, outermost regions, EU ETS exclusions, and more.

FuelEU Maritime Calculator

The FuelEU Maritime Calculator aids in commercial decision-making regarding FuelEU's impact. The FuelEU calculation breaks down Consumption, Energy, GHG Intensities, and Compliance Balance by voyage leg and displays total Energy, Compliance Balance, and Penalty amounts.

UK ETS Calculator

The UK ETS Calculator is available in the Carbon Calculator on the Estimate and Voyage level to aid in commercial decision-making regarding the impact of UK ETS, and to apply a price to carbon emissions.

Fuel Modes

Use the Fuel Modes feature to define multiple sets of consumption rates on a vessel to estimate bunker consumption more accurately.

Delivery Bunker Emissions Factors

When Lifting Level Emissions are enabled for at least one of the fuel types in the Data Center > Fuel/Lube Types, you can enter emission factors on the TC Delivery Bunker Breakdown. The factors entered drive emissions calculations when the bunker lot is consumed on a voyage.

Operations

Operations Management of Fuel Consumption and Speed Analysis

In the Operations Module, we have enhanced the Voyage Manager to include the Sustainability Panel, and the ability to enter emissions data and track emissions costs. Use the Carbon Calculator in the Voyage Manager to incorporate FuelEU, EU ETS, UK ETS modifiers and apply a price to carbon emissions.

Sustainability Panel

The Sustainability Panel in IMOS allows you to view key metrics that determine a voyage's carbon intensity and add additional emissions data.

Lifting Level Emissions Workflow

The Lifting Level Emissions Workflow shows you how to configure emissions factors for FuelEU, UK ETS, and EU ETS calculations on the bunker liftings level. In the Bunker Purchase form, you can capture fuel emissions factors, allowing you to track biofuels with varying emission factors. The emissions factors are considered when making calculations using the Carbon Calculator.

Off Hire Emissions

The offhire emissions workflow calculates EU ETS and FuelEU emissions for each delay you enter on the Delays form, exposes the per-delay totals in the Carbon Calculator, and surfaces the resulting costs in a dedicated section of the Voyage P&L. From there, the costs can flow into the related Time Charter invoicing, Freight invoicing, FuelEU Pooling Journals, and accruals.

Trading & Risk

Vessel Valuation

We are currently looking to enhance Vessel Valuation features and Trading & Risk areas of the system to provide emissions visibility into the pre-trade market analysis.

Capturing Carbon Exposure

The Carbon Exposure enhancement allows you to capture and track your carbon exposure on Cargo Contracts booked past January 2024 to align your risk with the upcoming EU ETS regulation.

Capturing and Tracking EUA Futures

The Capturing and Tracking EUA Futures enhancement allows you to capture European Union Allowance (EUA) Futures trades and other Carbon Futures trades in IMOS.

Carbon Allowance Trades

Use the Carbon Allowance trade type to track their value against the market, link them to physical contracts, and account for them on your balance sheet.

EU ETS Emissions Expense Workflow

The EU ETS Cash and Allowance Settlement Workflows covers regulatory contract changes, the workflow used to track these changes, and the impact they will have on the Voyage P&L, including the following enhancements:

IMOS supports accruals handling carbon expenses, and the financial settlement for allowances.
Time Charter Contracts now have cash settlement and allowance transfer workflows.
The allowance inventory aligns with what is budgeted versus what is available for allocation, showing the current balance at any time.

Financials

Carbon Emissions Business Rules

Carbon emissions workflows require specific Business Rules to be setup. Check out the Carbon Emissions Business Rules page to learn more.

EU ETS Cash and Allowance Settlement Workflows

Any voyages with cargo operations in an EU port will have an associated emissions expense that may require a cash or allowance settlement. Use the Emissions Expense Workflow to determine the applicable emissions expense based on the routing and timeframe.

Invoice FuelEU Maritime costs

The Invoicing FuelEU Maritime Costs workflow outlines specific steps to capture FuelEU costs in your Time Charter (TC) Invoice or Freight Invoice.

FuelEU Pooling Journals

To stabilize the Voyage P&L across voyages where certain voyages burn fossil fuels and other biofuels and maintain Fuel EU compliance, you can now use pooling and journaling workflows available within the Fuel EU tab of the TC Contract.

FuelEU Compliance Balances Reports

This page reviews a suggested process to organize FuelEU Pools in IMOS and how to create FuelEU Pool-related reports. FuelEU pooling refers to how companies organize their vessels and companies for the FuelEU regulation. These pools are created and submitted to the European Union, and are set up on the compliance level.

Veslink Voyage Reporting

Veslink Voyage Reporting remains unchanged, providing ship-to-shore bunker consumption information directly to IMOS.

Integrations

With the Oceanbolt and PortLog integrations, we provide features that give visibility into port congestion statistics. This feature helps to avoid long wait times and assists in the decision-making process, thus reducing CO2 emissions.

Reporting

The Report Designer now has new tables, Voyage Emissions and Voyage Emissions Detail, where voyage emission data can be reported for various purposes, including sharing the data with counterparties.

Tables:

Voyage Emissions - refers to the Voyage Manager>Sustainability Panel > Emission Data table
Voyage Emissions Detail - refers to the Voyage Manager > Sustainability Panel > Emission Data table

Fields: EEOI, Voyage AER, CII Rating, ETS CO2 Cost, ETS CO2 Price, ETS CO2 Currency, ETS CO2 Exchange Rate, ETS CO2 Quantity

A pre-built report is available in Operations > Expanded Menu > Performance Reporting > EEOI Reporting

Produces a report highlighting a single vessel, fleet, or vessel type’s fuel and CO2 emissions for a specified period.