Combined annual compliance exposure across IMO (CII corrective plan), EU ETS (EUA surrender) and FuelEU Maritime (€2,400 / VLSFO-eq deficit).
Formula
$$ \text{Cost}_\text{ETS} = C_{\text{CO}_2}^\text{scope} \cdot f_\text{phase} \cdot P_\text{EUA} $$$$ \text{Cost}_\text{FuelEU} = D_\text{VE} \cdot 2{,}400 $$$$ \text{Total} = \text{Cost}_\text{ETS} + \text{Cost}_\text{FuelEU} + \text{Cost}_\text{CII} $$Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $C_{\text{CO}_2}^\text{scope}$ | ETS-covered CO₂ for the year | t | EU MRV report |
| $f_\text{phase}$ | 40/70/100 % phase-in factor | fraction | Directive 2023/959 |
| $P_\text{EUA}$ | EUA spot price | EUR / t | EEX spot |
| $D_\text{VE}$ | FuelEU deficit in VLSFO-equivalent tonnes | t | FuelEU compliance balance |
| $2,400$ | FuelEU unit penalty | EUR / t VE | Regulation 2023/1805 |
| $\text{Cost}_\text{CII}$ | CII corrective-plan or rating-linked cost | USD | flag state assessment |
Sources
- EU Directive 2023/959 - ETS extension to maritime.
- EU Regulation 2023/1805 - FuelEU Maritime.
- IMO Resolution MEPC.339(76) - CII rating boundaries.