The Sea Cargo Charter is a framework that promotes the disclosure of fuel use data, GHG emissions performance and climate alignment by charterers. Signatories commit to reporting annually on their emissions performance against trajectories to meet the IMO’s greenhouse gas reduction targets. The framework promotes increased transparency among charterers and provides signatories guidance on their path to success. 

RightShip welcomes the Sea Cargo Charter as an additional tool to assist charterers on their journey towards decarbonisation. While the Sea Charter Cargo does not include all ship types or cover the complete lifecycle of fuel use (i.e. fuel extraction), the Sea Cargo Charter alignment and methodology can easily be met using RightShip’s Carbon Accounting service.  

The Sea Cargo Charter encourages signatories to have their GHG emission estimates and reports calculated by a third party, as the ‘preferred method’. RightShip is well equipped to provide this service in addition to the current Carbon Accounting offering.  

 

Sea Cargo Charter signatory reporting requirements

The Sea Cargo Charter requires the following data points to be calculated and reported to meet the charter obligations:

• Total annual activity climate alignment of a signatory’s eligible chartering activities reported as a +/- percentage.
• Vessel category climate alignments (defined by ship type and size) of a signatory’s eligible chartering activities reported as a +/- percentage. 
• Percentage of eligible chartering activities non-reporting. 
• Percentages of the chartering activities for which the preferred and allowed pathway tracks were used. 
• Percentages of eligible chartering activities for which measured and estimated data were used and the source for estimated data. 
• A list of the names of the third parties used, if any, to complete the calculations and the associated verification statement / report. 

 

Public reporting requirements

The following outcomes must to be reported annually:  

• Signatories to the charter must publish their climate alignments in their sustainability reporting. 
• The Sea Cargo Charter Association publishes total climate alignment scores and alignment scores by categories of Signatories on its website on the 15th of June annually.  

 

How RightShip can assist

If you nominate RightShip as your third-party reporter, the following will be provided in the Carbon Accounting reporting package:  

• A report and excel sheet that stipulate the Sea Cargo Charter requirements for each quarter (as outlined above in section: Sea Cargo Charter signatory reporting requirements).  
• An annual report containing all details to be submitted to the Charter. 
• A verification statement to confirm we have undertaken the calculations as required by the Sea Cargo Charter.  
• Climate alignment deltas will be included in the spreadsheet and the presentations. 
• Percentage of eligible chartering activities for which measured and estimated data were used and the source of estimated data will be included. ‘Estimated data’ applies for example, where the ballast emissions were calculated using the distance and not the fuel use data. 
• Percentages of the chartering activities for which the preferred and allowed pathway tracks were used.