ANNEX IV Formulas for calculating the compliance balance and FuelEU penalties laid down in Article 23(2)

(a)

For the purpose of calculating the compliance balance of a ship for GHG intensity as referred to in Article 4(2), the following formula shall apply:

Compliance balance [gCO2eq] =

(GHGIEtarget - GHGIEactual) x [ ]

Where:

For any ship having the ice class IC, IB, IA or IA Super or an equivalent ice class, the company may request, until 31 December 2034, to exclude the additional energy consumption, due to sailing in ice conditions.

For any ship having the ice class IA or IA Super or an equivalent ice class, the company may request to exclude the additional energy consumption, due to the technical characteristics of the ship.

For both cases in which additional energy consumption is excluded, the calculation of the compliance balance above, the values of Mi shall be replaced by the adjusted mass of fuel MiA defined in Annex V and the value of GHGIEactual to be used for calculating the compliance balance shall be recalculated with the corresponding values of MiA.

(b)

For the purpose of calculating the compliance balance of a ship with respect to the subtarget for RFNBO according to Article 5(3), the following formula shall apply:

CBRFNBO[MJ] =

Where:

CBRFNBO	Compliance balance in MJ of RFNBO subtarget referred to in Article 5(3)
	Annual sum of energy used from RFNBO and/or from fuels providing equivalent GHG emissions savings referred to in Article 5

(a)

FuelEU penalty with respect to compliance balance for GHG intensity of the ship according to Article 4(2)

FuelEU Penalty =

1.	FuelEU Penalty	2.	Is in EUR
3.		4.	Is the absolute value of the compliance balance
5.	41 000	6.	Is 1 metric ton of VLSFO that is equivalent to 41 000 MJ
7.	2 400	8.	Is the amount to be paid in EUR per equivalent metric ton of VLSFO

(b)

FuelEU penalty with respect to the subtarget for RFNBO according to Article 5(3)

If

FuelEU Penalty (RFNBO) =