Monitoring, reporting and verification of CO2 emissions from ships

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Monitoring, reporting and verification of CO2 emissions from ships Your complete guide to Lloyd’s Register's consultancy services

This new regulation aims to quantify and reduce CO2 emissions from shipping activities in Europe and will impact more than 15,000 ships globally.

Who this guide is for and what it does If you are a shipowner, operator, or equipment manufacturer this guide is for you.

Introduction To help your business successfully manage the impact of the new European Union regulation 2015/757 for the monitoring, reporting and verification (MRV Regulation ) of carbon dioxide (CO2) emissions from maritime transport on your business, Lloyd’s Register offers a complete range of services.

From helping you understand the regulation and its requirements, to developing your monitoring plans and supporting their integration into your organisation and on board, our consultants can help you make the right decisions to minimise any commercial, safety and technical risks.

This guide outlines what the regulation means for you, and explains how our services can support you to achieve and maintain compliance.

Overview The MRV Regulation at a glance

How we can help 4

What services do you need?

21

What it means for you 7

Shipowners and Operators

22

How this impacts you 8

Equipment Manufacturers

24

The dedicated services you need 11

Next steps

Our services

Making the right decisions begins here

Training and Insights

12

Strategies for Compliance

14

Integration and Operation

16

Performance Management

18

26

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Overview

Monitoring, reporting and verification at a glance Accurately establishing how much CO2 is emitted by maritime transport in Europe.

Introduction to the MRV Regulation What is it?

Regulation (EU) 2015/757 monitoring, reporting and verification of carbon dioxide (CO2) emissions from maritime transport entered into force on 1 July, 2015. The objective of this regulation, known as the MRV Regulation, is to gain a better understanding of fuel consumption and CO2 emissions from shipping activities within Europe, and it could be used to inform any future greenhouse gas reduction initiatives.

Irrespective of a vessel's flag, the regulation applies to ships greater than 5,000 gt undertaking one or more commercial voyages into, out of or between European Union ports. It requires per-voyage and annual monitoring of CO2 emissions, as well as other parameters, including quantities of cargo carried and miles travelled, and will require the annual disclosure of aggregated data on a ship by ship basis.

Ships that schedule more than 300 voyages per year or operate solely within Europe during the annual monitoring period are exempt from monitoring the parameters on a per-voyage basis. Instead they can report on an annual basis to reduce the administrative burden.

The regulation applies to commercial voyages only, which is defined as calling at a European Union port to offload or load cargo or passengers for commercial purposes. Voyages calling for non-commercial reasons, such as bunkering, crew relief, supply stops, dry-docking, maintenance or safe harbour are exempt.

Before the beginning of the first reporting period, all ships are required to have a ship-specific monitoring plan. This must be assessed by a third party verifier and during each annual reporting period (a calendar year) the ship will monitor fuel consumption and other parameters in accordance with the agreed monitoring plan.

At the end of the annual reporting period, a ship-specific emissions report must be prepared and submitted to a third party verifier for verification of accuracy. Upon satisfactory verification, a Document of Compliance is issued and the verified emissions report is submitted to the European Commission (EC).

MRV Regulation scheme overview Monitoring Bunker fuel delivery notes or Fuel tank sounding or Direct emission measurement or Flow meters or A combination of the above

Why is it being implemented?

Maritime transport has an impact on global climate change.

International shipping remains the only means of transportation not currently included in the European Union's commitment to reducing greenhouse gas emissions.

In order to reduce emissions from shipping at the European Union level, a system is being introduced for the monitoring, reporting and verification (MRV Regulation) of CO2 emissions based on the fuel consumption of ships. It is considered the first step of a staged approach for the inclusion of maritime transport emissions into the European Union's greenhouse gas reduction commitment, alongside the other sectors that are already contributing to that commitment.

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Annual emissions report

Verification

Central database

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How is it different from what you currently do?

Quality and quantity The key difference between the current processes used to monitor fuel consumption and the MRV Regulation is a focus on data accuracy. The monitoring method for all of the parameters, including fuel, cargo and miles, must be robust enough to meet a reasonable level of assurance verification. This means that efforts must be taken to reduce the uncertainty of the submitted data, minimise and manage any potential data gaps and reduce any material errors or omissions.

The data required by the MRV Regulation Arrival and departure ports including date and time Total amount and emission factor for each type of fuel consumed CO2 emitted

Distance travelled Time spent at sea Cargo carried Transport work

Average energy efficiency expressed as:

Transparency The data required for the MRV Regulation is monitored on a per-vessel, per-voyage basis and aggregated annually. At the end of each year, this aggregated data will be made publicly available.

It will include the annual aggregated fuel consumption and annual average efficiencies of the vessel, determined by the average fuel consumption and emissions per mile or per cargo mile.

Total annual fuel consumption/Total distance travelled Total annual fuel consumption/Total transport work Total annual CO2 emissions/Total distance travelled Total annual CO2 emissions/Total transport work

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What it means for you Ships will be required to monitor, report and verify their CO2 emissions generated by commercial activities in Europe.

Applies to all commercial voyages to, from and in-between

Ships above 5,000 gt account for

55%

of ships calling into European Union ports ...

EU ports

90%

Includes: Time at sea

Applies to all ships above 5,000 gt

Time at berth and anchor

Ballast and laden voyages

All flag states

... and represent around

of related emissions CO2 emissions can be derived from: Bunker fuel delivery notes Fuel tank sounding Flow meters Direct emission measurement Lloyd’s Register | www.lr.org/mrvreadiness | 7

How this impacts you The MRV Regulation applies regardless of flag and will affect more than 15,000 ships globally.

Have a plan

Manage your performance

A ship-specific monitoring plan is required to indicate the selected method for monitoring and reporting the required CO2 emissions and other required data, including fuel, cargo and miles.

With annual aggregated monitoring data being made publicly available, it will be important to understand and manage the operational efficiency of vessels and fleets.

These must be prepared in accordance with published templates and submitted to a third party verifier for assessment of conformity by 31 August, 2017. With a new focus on the data quantity and quality required by the regulation, it will be critical for shipowners and operators to develop a plan for each vessel that is accurate and robust enough to minimise the risk of non-compliance.

With so many options for managing operational and technical efficiency, how do you make the right decisions to improve efficiency and provide a return on investment? Successfully managing your data collection, storage and analysis will be fundamental to enabling you to make fully informed decisions about the way you operate.

Implement your plan

Verify your compliance

Once a plan has been established for each vessel, it will need to be implemented into existing systems and processes on board and ashore.

The European Union will rely on accredited verifiers to assess the ship-specific monitoring plans for compliance and to verify the annual reports.

Shipowners and operators will need to understand the roles and responsibilities of those involved in managing the data flow from each on board measurement point to the submission of the annual emissions report. You will need to ensure that you have the right equipment, processes and competencies in place at the beginning of the first monitoring period on 1 January, 2018.

Shipowners and operators will not get confirmation of compliance until the first annual report has been satisfactorily verified by their chosen verifier between January and April 2019. To minimise the risk of non-compliance, you will need a accredited verifier.

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Timeline and deadlines Preparation time

JUL 2015

Entry into force

2016 Compliance stages

1st monitoring period

AUG 2017

Monitoring plans submitted

2017 AUG 2017

APR 2019

1st Annual report submitted

2018 Monitoring plans assessed

2nd monitoring period

APR

2020+

2019 APR 2019

1st Annual emissions report verification JUN 2019

Annualreport report Annual submitted submitted onwards

APR

1st Document of Compliance

Annual emissions Annual report report verification submitted onwards

JUN

Our solutions

Document of Annual report Compliance submitted onwards

Training and Insights Strategies for Compliance Integration and Operation Performance Management

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The dedicated services you need Because we understand the challenges you have to overcome, and the intricacies of the compliance requirements you have to meet, our services are tailored to enable you to succeed.

Shipowners and Operators

Your challenges

Our solutions

How does the MRV Regulation affect me?

Training and Insights

How do I prepare for compliance?

Strategies for Compliance

Including guidance, seminars and training

Including monitoring plan development

We will make sure you understand the regulation and offer a practical approach to the requirements in order to achieve compliance.

We can help create the best compliance strategy for your business, reducing the commercial, technical and safety-related risks.

Equipment Manufacturers

How do I implement this on board?

Integration and Operation Including process development and equipment suitability assessment.

We help you to collect and manage the data required in the most effective way for your business, to ensure accuracy and reliability.

How do I see real performance benefits?

Performance Management Including operational efficiency analysis and optimisation.

We compare vessel and fleet performance against industry benchmarks to identify areas to improve efficiency and maximise your return on investment.

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Our services

Training and Insights With the right tools, you can enable your people to do their work better, more quickly and more profitably. Our guides, seminars and training courses can give you all the knowledge you need.

Overview • MRV Regulation Guides and Seminars • MRV Regulation Training

MRV Regulation Guides and Seminars

MRV Regulation Training

Understanding what you need to do to comply is critical to maintaining your license to operate in the EU. Our guidance documents and seminars provide an overview of the European Union monitoring, reporting and verification of CO2 regulation and the requirements that shipowners and operators need to meet in order to achieve compliance.

We have prepared a number of training options to ensure that you and your crew are prepared for MRV Regulation. These include a one-day, interactive training course which helps towards the regulation and offers a practical approach to preparing monitoring plans, how to report and what you need to do to achieve verification.

Beyond this, we provide awareness training to ensure that your crew understands the MRV Regulation, and the importance of using and maintaining the technologies and processes you choose.

We can also offer bespoke in-house training should your requirements be more specific.

95%

of respondents would recommend our guidance seminars to a colleague

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90%

of respondents rated the quality of delivery as excellent

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Case Study Supporting the UK Chamber of Shipping in understanding energy efficiency Their challenge

Our solution

Shipowners face challenging future policies on energy efficiency for ships. A number of energy efficiency metrics have been proposed at the IMO and the EU MRV Regulation has already entered into force.

By collecting data in a common format, we were able to analyse it and calculate the energy efficient metrics and calculated the energy efficiency metrics for the IMO proposals and the EU MRV Regulation. This was conducted on a voyage basis for each ship ship, by ship type and size, and we provided a technical assessment of the suitability of the proposed metrics.

In order to enable policy decisions to be made, the UK Chamber of Shipping and its members want to understand which of the proposed metrics is the most appropriate to accurately represent the energy efficiency of their ships.

Why Lloyd’s Register?

The UK Chamber of Shipping and its members decided to voluntarily collect data and the parameters from their ships and required technical analysis of this data.

They needed an independent expert with in-depth knowledge of all the proposed energy efficiency metrics and expert understanding of policy-making processes.

The UK Chamber of Shipping has greatly appreciated the invaluable help and insightful analysis provided by LR in this important project that has been of considerable benefit to our ship owning membership.

– UK Chamber of Shipping

The outcome The results of the study equipped the UK Chamber of Shipping and its members with the technical knowledge they needed to to have an informed debate and decide their position and objectives.

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Strategies for Compliance We cut through the complexities of compliance to give you the clarity you need to make the right decisions, saving you time and resources.

Overview • Monitoring Method Development • Monitoring Plan Preparation and Integration • Data Management and Reporting Architecture • Functional Specification Development

Monitoring Method Development

Data Management and Reporting Architecture

We provide support in identifying the most suitable monitoring method for each vessel in your fleet, building on your existing equipment, systems and processes to enable you to comply with the regulations in the best possible way.

We can help you manage the large volumes of data that will be generated by the required monitoring in the most effective way for your business, structuring the data, carrying out necessary quality control checks and reducing the administration burden, enabling you to make use of the data in your day-to-day decision making and improve accuracy.

By assessing your existing systems and processes we can identify any solutions needed to meet the regulatory requirements and provide advice on the best way to achieve it including, for example, the selection of metering equipment or modifications to the existing configuration.

Monitoring Plan Preparation and Integration We work with shipowners and operators to prepare the required ship-specific monitoring plans, helping reduce the administration burden of developing these independently.

This can include advice and strategies on how to integrate each plan into your existing management systems.

Functional Specification Development With our in-depth understanding of the MRV Regulation we can help you to develop the functional specification for your technological solution to ensure that it will meet the compliance needs of shipowners and operators. We support you from concept through to product development, minimising your risk of developing an unsuitable solution.

With our extensive experience in risk analyses we can also assess each plan to identify the potential failure points.

We can provide recommendations to reduce the risk of inaccuracy and data gaps, to ensure that the data meets the uncertainty and materiality requirements of the regulation.

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Case Study Efficient energy management for CEMEX

Applies to all ships above

5,000 gt

Their challenge

Our solution

CEMEX operates a fleet of specialised dredging vessels and required a complete energy management solution which would cover both the immediate regulatory requirements but also meet their longer term commitment to energy efficient operations.

We approached CEMEX’s requirement in stages, starting by delivering an Energy Management Training Course, followed by our Energy Efficiency Gap Analysis workshop and Operational Efficiency Monitoring services. All these steps contributed towards meeting the ISO 50001 requirements.

This included SEEMPs, development of a monitoring system and ISO 50001 certification.

Monitoring Plans required for each ship

Why Lloyd’s Register?

We listened to CEMEX's requirements and gained an understanding of their current energy management status. We also appreciated that because of the specialist nature of their ships, their chief engineers and technical superintendents would need to provide input to the development of their energy management systems – so we offered a workshop-based approach.

The outcome In one of our first discussions with CEMEX, we were told that there was no monitoring of fuel consumption for the fleet.

We helped CEMEX achieve ISO 500001 certification which is considered the ultimate demonstration of a company’s competency and commitment to energy management.

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Integration and Operation We not only help you plan how to achieve compliance, we help you successfully implement and integrate your plan with your people and processes.

Overview • Process Development and Competence Management • Software Functionality Verification • Equipment Suitability Assessment

Process Development and Competence Management The MRV Regulation will require changes to the way you collect and manage data. It is vital that the monitoring plan that you develop is integrated smoothly both on board and ashore.

Our human factors specialists help to develop the right management processes and ensure that your staff members have the right competencies to perform their duties effectively.

Equipment Suitability Assessment When selecting equipment to measure, monitor or collect the data required for the MRV Regulation reporting process, it is important to select the appropriate equipment for your vessel and operations.

We can assess the available options for suitability and accuracy and provide recommendations on selection and installation to ensure a robust configuration. Once installed on board we can independently assure the performance and accuracy of the equipment to provide assurance of the data quality.

Software Functionality Assurance There are various options when it comes to selecting a monitoring or reporting method. Some shipowners and operators will opt to use performance monitoring products and it is particularly important to ensure that these meet the needs of the MRV Regulation. Through user acceptance testing and by reviewing the functional specification of a product, we can provide independent assurance that it meets the monitoring or reporting requirements of the regulation.

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7,698

LR classes vessels of all types and sizes.

We’re

78

in countries ...

... with over

1,600 surveyors...

... and over

8,000

employees globally.

Case Study Working with ExxonMobil to accredit their Hong Kong mass flow metering system Their challenge

Our solution

ExxonMobil wanted to introduce a mass flow metering system (MFMS) to the Hong Kong bunker market, following its successful implementation in Singapore.

The technology directly measures fuel mass instead of volume, increasing the transparency and efficiency of the bunkering process. ExxonMobil wanted to provide their clients with assurance of the system’s measurement integrity and accuracy.

Working in partnership with A*STAR’s National Metrology Centre, the National Measurement Institute of Singapore, and Metcore International Pte Ltd, we accredited the Hong Kong mass flow metering system.

Why Lloyd’s Register?

Lloyd’s Register’s reputation for independence and integrity is recognised globally. Our customers, and their customers, have confidence that they will get the very best independent technical assurance. Our expertise in fuel management and engineering systems were ideally suited to meeting ExxonMobil’s needs.

The outcome ExxonMobil has now introduced the first independently accredited mass flow metering system (MFMS) in Hong Kong. Following accreditation by Lloyd’s Register, the MFMS has been installed on the time-chartered bunker vessel, Anshing, to deliver bunker fuel oil to ISO 8217 specification grades for RMG 380.

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Performance Management Using our state-of-the-art modelling and optimisation tools, we enable you to make the right decisions to get the best operational efficiency from your fleet.

Overview • Operational Efficiency Analysis • Operational Efficiency Optimisation

Operational Efficiency Analysis When vessel data is collected it is important to extract value from it in order to use it to your benefit. We can compare vessel and fleet performance against industry benchmarks or other efficiency measures. By developing relevant performance indicators and using data analysis tools we can identify potential areas to improve the operational efficiency of your fleet.

Operational Efficiency Optimisation Our experienced team of engineering consultants can use the collected performance data to analyse the operational efficiency of vessels and compare against industry benchmarks. Using this valuable information we can identify areas for improvement in order to optimise the performance of individual vessels and fleets.

We can help shipowners to evaluate the technical options available to them, for example assessing the efficacy of energy saving devices to advise on applicability and return on investment.

We can also provide tools to provide operational improvements, such as the development of trim optimisation tools. These valuable services can help shipowners and operators to position their vessels competitively against the global fleet and maximise their return on investment.

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Publicly disclosed data: Identity of the ship Technical efficiency of the ship Annual CO2 emissions Annual total fuel consumption for voyages nnual average fuel consumption and CO2 A emissions per distance travelled for voyages nnual average fuel consumption and CO2 A emissions per distance travelled and cargo carried on voyages Annual total time spent at sea in voyages The monitoring method applied ate of issue and the expiry date of the D Document of Compliance I dentity of the verifier that assessed the emissions report

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Case Study Trim optimisation for Seven Seas Maritime Their challenge

Our solution

Seven Seas Maritime Limited, a ship management company, wanted a simple and cost-effective way of improving vessel efficiency by increasing vessel speed or reducing fuel consumption.

For five sister vessels, we provided Seven Seas Maritime with a trim optimisation study and subsequent tools to enable the crew on board to make more informed decisions regarding their loading. This allowed them to understand how their speed and fuel consumption was affected by the trim they chose to sail at.

Why Lloyd’s Register?

Lloyd’s Register employs the latest ship modelling tools, which allow us to optimise ship design and operation quickly and accurately.

We understood Seven Seas Maritime's requirement for a cost-effective and practical way of improving the operation of their ships and presented an option with proven success.

It seems that the average speed increased by 0.2 knots without changing consumption of intermediate fuel oil.

This increase appeared in the first hours after the trim was changed.

– Oleg Kolobov, Seven Seas Maritime Limited

The outcome Within a month of the trim optimisation study being delivered the client had sent us feedback. The ship had been trimmed from level keel to slight bow trim as per the recommendation of the study and the speed was monitored over a 48-hour period. It was found that the average speed had increased by 1.4% compared to the level keel.

As a result the client could choose between reducing the power of the engine to save fuel or continuing to sail at an increased speed.

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How we can help

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ontents Operational Efficiency Optimisation

Integration and Operation

Operational Efficiency Analysis

Equipment Suitability Assessment

Software Functionality Verification

Strategies for Compliance

Process Development and Competence Management

Functional Specification Development

Data Management and Reporting Architecture

Monitoring Plan Preparation and Integration

Training and Insights

Monitoring Method Development

MRV Regulation Training

MRV Regulation Guides & Seminars

What services do you need?

To help you identify the support you need, we have aligned our services with your key challenges in meeting the requirements of the MRV Regulation.

Performance Management

Shipowners and Operators

Equipment Manufacturers

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Shipowners and Operators We are here to help you gain and maintain compliance in the best way for your business, reducing your commercial, safety and technical risks.

The challenges you face

The advisory and support solutions you need

To maintain your licence to operate in Europe, you will need to comply with the MRV Regulation. Making the right choices from the beginning will reduce the burden and ensure a seamless transition to meeting the new regulation and the on going annual requirements, in the best way for your operations.

Our consultants are here to help you make the best decisions so that you can achieve compliance in the right way for your business. We help you minimise the impact of the MRV Regulation and support you in using it as an opportunity to improve your efficiency and gain competitive advantage.

The monitoring method you choose is not prescribed, but it must be robust enough to ensure that you minimise data gaps, errors and omissions. Tying the method in with your existing processes will allow you to comply while reducing the impact on the way you do business.

The first step to compliance is making the right plan. Our experts can help you prepare the best monitoring plan – one that builds on your current processes where possible. We identify the highest risks of non-compliance and help you mitigate these from day one.

Your vessel’s data will be made publically available and will provide your clients with transparent information about your operations and performance. You need to make sure you position yourself competitively and select the most appropriate efficiency measures for your vessels, so that you maximise your return on investment and minimise commercial risk.

Once you have the right plan in place, our experts in human factors and engineering systems can guide you through successfully implementing it, in a way that minimises the impact on your people and your operations.

Your compliance checked between January and April 2019, when you submit your first calendar year’s monitoring data, which then becomes an annual requirement. Choosing the right organisation to help you prepare and implement your monitoring plan will be fundamental to reducing any risk of non-compliance when this time comes.

We also help you make the most of the data you collect.

Our expertise in design and optimisation allow us to support you in managing your vessel’s efficiency and making the best decisions for your fleet. From deciding what changes to make to your vessel’s hull and propulsion system to assessing the benefits that different changes to your operational profile will generate, our consultants can offer advice on every decision.

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Your challenges What is the MRV Regulation and how does it affect me and my business?

What is the best way for me to achieve compliance?

How will I implement and maintain my compliance method?

How can I improve the operational efficiency of my vessels?

Our solutions MRV Regulation Guides and Seminars

Monitoring Plan Preparation and Integration

Process Development and Competence Management

Operational Efficiency Analysis

MRV Regulation Training

Monitoring Method Development

Software Functionality Assurance

Operational Efficiency Optimisation

Functional Specification Development

Equipment Suitability Assessment

Data Management and Reporting Architecture

Training and Insights Strategies for Compliance Integration and Operation Performance Management

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Equipment Manufacturers We help you get the most from your ideas, ensuring your products are compliant and robust.

The challenges you face

The advisory and support solutions you need

Bringing a new product to the marine market can be challenging. With so many choices facing your clients, you need to make sure your product will meet their needs, and that they will choose you over your competitors.

When it comes to MRV Regulation, our consultants can help you make sure your product meets the needs of your clients.

Development costs are significant, so it is vital that you understand the requirements of the MRV Regulation and successfully incorporate them into your product’s specification. This means that you can ensure that your product can be used to support shipowners in the requirements they need to meet to monitor and report fuel consumption, CO2 emissions and other energy efficiency parameters.

Once you have a market-ready product, the challenge becomes how to differentiate it from the competition. How do you prove that it does what you claim, and assure your clients that it will meet their requirements?

Combining our expert knowledge of ship systems with our in-depth understanding of the MRV Regulation, we can help ensure that you develop the right product for your market, or that the product you have collects data in the right format, from the right places, and performs the relevant calculations so that a shipowner can use it as part of their data management and monitoring and reporting methodology.

And we can also provide independent assurance that your product meets the relevant MRV Regulation requirements, providing a Statement of Fact to support your needs in marketing your product.

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Your challenges What is the MRV Regulation and how does it affect me and my business?

How do I make sure my product is suitable for my client's compliance method?

How do I demonstrate that my product can be used for the MRV Regulation ?

How can I make sure my product is successfully integrated, operated and maintained?

Our solutions MRV Regulation Guides and Seminars

Functional Specification Development

Software Functionality Assurance

Equipment Suitability Assessment

LR Marine

MRV Regulation Training

Training and Insights Strategies for Compliance Integration and Operation

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Next steps

Making the right decisions begins here We have a range of tools and publications covering every aspect of the MRV Regulation. To find the content you need, visit www.lr.org/mrvreadiness

Our experts are waiting to hear from you Whether you are a shipowner or operator, operator or equipment manufacturer, the sooner you get in touch, the sooner you can talk to our experts about your specific challenges. And the sooner we can help you with the solutions that are right for you.

mrv@lr.org www.lr.org/mrvreadiness Guidance on the EU MRV Regulation for Shipowners and Operators Guidance on the regulation's requirements and the compliance options.

MRV Regulation Explained Details of our MRV Regulation training course and who should attend.

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Notes

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Lloyd’s Register and variants of it are trading names of Lloyd’s Register Group Limited, its subsidiaries and affiliates. Copyright © Lloyd’s Register Group Limited.

2016. A member of the Lloyd’s Register group.

Lloyd’s Register Group Limited, its affiliates and subsidiaries and their respective officers, employees or agents are, individually and collectively, referred to in this clause as ‘Lloyd’s Register’. Lloyd’s Register assumes no responsibility and shall not be liable to any person for any loss, damage or expense caused by reliance on the information or advice in this document or howsoever provided, unless that person has signed a contract with the relevant Lloyd’s Register entity for the provision of this information or advice and in that case any responsibility or liability is exclusively on the terms and conditions set out in that contract.

Lloyd’s Register and variants of it are trading names of Lloyd’s Register Group Limited, its subsidiaries and affiliates.

Copyright © Lloyd’s Register Group Limited. 2016. A member of the Lloyd’s Register group.

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