The EU ETS is limited by a 'cap' on the number of emission allowances. Within the cap, companies receive or buy emission allowances, which they can trade as needed. The cap decreases every year, ensuring that total emissions fall.
Each allowance gives the holder the right to emit:
There are a number of great resources on the regulatory and practical aspects of the system – none better than the EU’s own:
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02003L0087-20230605
https://climate.ec.europa.eu/eu-action/transport/reducing-emissions-shipping-sector_en
https://climate.ec.europa.eu/eu-action/eu-emissions-trading-system-eu-ets/what-eu-ets_en
Quote
Sayin Yetkili,
Malumlariniz korsan saldirilarinin Aden Korfezi sinirlari disina tasmasi silahli guvenlik firmalari ile calisilmasi egilimini arttirmis durumdadir. Ve yine malumlariniz oldugu uzere sebep olacagi hukuki ve daha onemlisi emniyet acisindan olumsuzluklar goz onunde bulundurularak gerek bayrak devletleri ve gerekse sigorta sirketleri silahli guvenlik firmalari ile calisilmasi hususunda muhtelif yorumlar yapmaktalar.
IMO Deniz Asayis Komitesi de son oturumunda durumu tum boyutlari ile degerlendirerek hem siz sayin Armatorlerimiz hem de Bayrak Devletleri icin asagida sunulan linklerde bulabileceginiz bir rehber yayinlamistir. Sizler icin yayinlanan rehber daha ziyade risk degerlendirmesi ve silahli guvenlik firmasi secilirken goz onunde bulundurulmasi tavsiye edilen parametler ve yine gemide olduklari sure icerisinde dikkat edilmesi gereken hususlara ayrintili olarak yer vermektedir. Konu rehber ayni zamanda gerek silahli guvenlik firmasinin sahip olmasi gereken sigorta teminati ve kapsami ve gerekse silahli guvenlik firmasi ile calismanin sigorta teminatiniza muhtemel etkileri konularini da icermektedir.
unquote
From: NewsAlerts [mailto:NewsAlerts@londonpandi.com]
Sent: 30 Haziran 2011 17:24
To: NewsAlerts
Subject: News Alert from the London P&I Club: Somalian Piracy - IMO Guidance on the use of Private Armed Guards
SOMALIAN PIRACY - IMO GUIDANCE ON THE USE
OF PRIVATE ARMED GUARDS
JUNE 2011
As the reach of pirates operating out of Somalia has spread well beyond the Gulf of Aden and military resources have as a consequence become ever more stretched, the deployment of private guards on ships transiting high risk waters has become more prevalent. The use of armed private guards is also becoming more common, which in turn is attracting an increasing number of providers of such services.
Industry opinion over the use of armed private guards remains divided but where their use is contemplated, an array of legal and practical considerations arises. There is a broadly held concern that not all of the providers of armed guards are familiar with the issues, which may result in an increased risk of injury, fines and/or delays.
At the last session of the IMO's Maritime Safety Committee, two interim guidance papers were developed for the employment of private armed guards; one for shipowners (for MSC.1/Circ.1405 click here) and one for flag states (for MSC.1/Circ.1406 click here). These guidelines are intended to be used in conjunction with the industry’s Best Management Practices for mitigating the risk of Somalian piracy (click here for the third version of the BMP).
The guidelines are due to be reviewed and developed as necessary by an IMO working group on maritime security and piracy that next meets in September. However, the interim guidance for shipowners, having been developed from a joint industry project, is already a detailed document, extending to the following subjects:
· Risk Assessments
· The Selection and Vetting of Private Armed Guard Providers
· Armed Guard Team Size and Composition
· Insurance
· Command and Control
· Management of Firearms and Ammunition
· Rules of Engagement
· Reporting and Recording
Members considering the appointment of private armed guards are recommended to review the IMO’s interim guidance for shipowners.
Best regards
The News Alerts Team
The London P&I Club