The International Joint Working Group (JIWG) led by BIMCO has released version 1.0 of the Operational Vessel Data (OVD) and Vessel Emission Reporting (VER) frameworks, aimed at establishing a common approach for greenhouse gas emission reporting in the maritime industry. These two frameworks complement each other and can help create a common foundation for effective data exchange.
Voluntary Frameworks and Data Exchange Efficiency
Both the OVD and VER frameworks are recognized as voluntary industry frameworks. They do not create any new reporting obligations but provide a common approach that organizations can use to support effective and consistent data exchange.
Read more: Endurance Energy Successfully Generates Power from Underwater Volcanoes
The development of the OVD and VER frameworks builds on previous work by BIMCO and IACS (International Association of Classification Societies) to add emission reporting data elements to the IMO data set. While the IMO data set provides common definitions and formats for maritime information, the new work provides an operational framework for the exchange of operational vessel data and verified emission reporting results among industry systems.
Responding to Reporting Challenges
The need for accurate and credible greenhouse gas emission reporting in the maritime industry has increased due to the IMO data collection system and the European Union's Monitoring, Reporting, and Verification (EU MRV) system. These needs have different objectives, but the use of different data sets and formats can lead to inconsistencies and manual work in the reporting chain.
For this reason, the JIWG has developed a common approach that facilitates data movement between different systems. The OVD is based on a framework initially developed by DNV and has been reviewed through the extensive JIWG process. The VER has also been developed based on an initial draft prepared by ClassNK.
Ultimately, these frameworks can assist in the consistent, efficient, and traceable exchange of data between vessels, shipping companies, software providers, and other authorized users. The main goal of the maritime industry is to collect data only once and reuse it for all reporting and verification purposes.
Read more: HD Hyundai Plans to Establish a New Shipyard in the United States · Decrease in Marine Fuel Sales in Singapore in September
