LR offers one stop solution for EU MRV and IMO DCS compliance

JUNE 11, 2018 — Lloyd's Register is offering an online verification service that, it says, provides a simple solution to comply with both the EU monitoring, reporting and verification (MRV) regulation and the IMO Data Collection System (DCS).

Called CO2 Verifier, the secure cloud-based application has been designed by LR's technical experts, and co-created with ship managers, to provide one place for LR's clients to manage their fleet compliance and submit data to regulators.

To save users time, the application features streamlined data submission with quick multiple uploads and a fast turnaround time following the submission of information. It also has the ability to integrate with ship managers' existing reporting system and enables users to contact an LR technical expert directly, in addition to online user support.

LR is an accredited third-party verifier for EU MRV and a Recognized Organisation (RO) for IMO DCS. When data is submitted to LR, it carries out the necessary checks and verification procedures and issues the respective certificates to keep onboard for Port State Control inspections.

The EU introduced the MRV regulation to reduce emissions from shipping, designed to gather data on CO2 emissions based on ships' fuel consumption. It entered into force on July 1, 2015. In parallel, the IMO introduced a three-step approach, based on collecting and analyzing fuel consumption data, before agreeing what further actions may be required to reduce greenhouse gas emissions from ships. The first phase is now implemented through amendments to MARPOL Annex VI, and is known as the IMO DCS.

Nick Brown, LR Marine & Offshore Director, said: "Implementation of these regulations presents a significant compliance challenge for shipowners and operators – LR's CO2 Verifier offers one simple way to comply with them both. It will save our clients time and effort, enabling them to focus on their day-to-day business."

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