EU Emissions Trading System and ETS Surcharge
The aim of the ETS is to significantly reduce the EU's greenhouse gas emissions. From 1 January 2024, the shipping sector will also be integrated into these efforts.
Nowadays, climate change and concerns about its possible effects are omnipresent. At the same time, increasing efforts are being made to curb the influence of humans and minimise any possible consequences. As a result, individual industries are also being analysed more closely and their contribution to climate change assessed. In the case of the shipping industry, there is a great need for action to reduce the ecological footprint. As a result, a price will be assigned to shipping emissions from 1 January 2024 and the permitted emissions will be gradually reduced.
To which ships and regions does the EU ETS apply?
The Emissions Trading System applies to shipping activities within the European Economic Area (EEA). This consists of the EU Member States plus Iceland, Liechtenstein and Norway. The pricing is based on the ships, not the cargo. Freight and passenger vessels over 5000 GT will be included from 2024 and offshore vessels over 5000 GT from 2027.
The calculation includes 100% of CO2 emissions for journeys between EU/EEA ports. It also includes 100% of CO2 emissions at berth in EU/EEA ports. For journeys between an EU/EEA port and a non-EU/EEA port, 50% of the emissions are taken into account.
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Relevant Documents for Import and Export
For the smooth processing of a consignment, certain documents are mandatory for both import and export in order to ensure proper customs clearance and clearance.
Find more information and explanations on the incoterms below.