Hello everyone, first of all I wish you a good year.
The FUEL EU rule which came into effect as of 01.01.2025 is calculated after a ship calls at a European port, but will the notification be reported to the charterer within 10 days after leaving the European port? When will the difference be received from the charterer?
In short, what will be the FUEL EU regulation calculation-presentation to the charterer-refund timeline?
2 Likes
Dear Pinara,
This depends on the commercial agreement between the owners and the charterers.
BIMCO FuelEU clause suggests within the first fifteen (15) days of each month or after each voyage the owners to notify the Charterers of the aggregated compliance balance of the vessel during the charter period, and in case the aggregated compliance balance has a negative value, the owners to provide the Charterers the calculation and independently validated information of a surcharge equal to the FuelEU penalty.
Then, the charterers shall pay the surcharge to the owners on a monthly or per voyage basis or if no payment frequency is selected, at the same time as the final hire payment is due or within the first seven (7) days of June of the Verification Period(s), whichever is earlier.
1 Like
Thank you for the response
Hello everyone,
Regarding FuelEU compliance balances: if a vessel is sold to new owners in 2026 and carries a negative compliance balance (penalty) from 2025, how is this typically handled? Should the penalty be settled through direct payment, or can it be managed via pooling or borrowing under the flexibility mechanisms of Thetis MRV?
Hello guys,
If the vessel negative CB in 2025 and if it’s sold in 2026, the key factor is the vessel change of charterer during the year 2025.
-If the vessel changed charterer in 2025, the DOC holder decides if the vessel pooled or not / and which charterer (because the regulation one vessel have to be just one pool in the calender year)
-If the vessel didn’t change charterer in 2025, then liaise with the charterer and ask which penalty mechanism would you accept for the regulastion.
See you
Pınar
1 Like
Hello Pinar and thank you for the fast response
understand that above is applicable for previous owners/sellers, previous owners of 2025 must contact charterers.
how about the transaction between buyers/new owners of 2026 (present DOC holders and Thetis MRV account) and previous owners of 2025/sellers who will discuss with their charterers?
Thank you