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In emissions trading, the responsibility lies with the shipowner or an ISM company authorised by the shipowner.

Marine transport emissions must be monitored, reported and verified in accordance with Regulation (EU) 2023/957 of the European Parliament and Council (the so-called MRV Regulation).

This obligation to monitor and report emissions from ships and to participate in emissions trading applies to (1)  Shipowners registered in Finland if they do not authorise an ISM company to manage the emissions trading of all their vessels on their behalf, (2) Those ISM companies registered in Finland that are not shipowners but which are responsible for the safety management systems of vessels and have been authorised by the shipowner to manage emissions trading on their behalf (under the Emissions Trading Act (1270/2023)) and (3) those shipping companies (shipowner or other) in accordance with the Emissions Trading Act which have not been registered in Finland but which are, under Article 3 g f of the Emissions Trading Directive (2003/87/EC) a responsibility of Traficom, which serves as the administering authority in Finland.

Information sent directly to Traficom: 

  • shipowner’s list of ships in accordance with the emissions trading system 

OR 

  • authorisation specific to a ship provided by the owner to the ISM company

Monitoring plans and annual reports specific to a ship must be submitted to Traficom using the EU MRV Thetis system. 

Updated