Surrender allowances
By 30 September, the shipping company must acquire and surrender the number of allowances corresponding to their verified annual emissions determined in accordance with Part C of Annex II in the MRV Maritime Regulation, to the Union Registry. When surrendering allowances, the shipping company must ensure that they have a sufficient number of allowances on their account.
For the reporting year 2024, the number of allowances surrendered should correspond to 40% of the verified emissions reported. From the reporting year 2025, this percentage increases to 70% of the verified emissions reported. Finally, the allowances shall correspond to 100% of the verified reported emissions for the reporting year 2026.
Regulation
How to surrender allowances
See our guide on how to report emissions and surrender allowances:
Deadline for surrender of allowances
Shipping companies must surrender allowances no later than 30 September the following year.
Penalties if allowances are not surrendered
Failure to surrender allowances by 30 September will result in a penalty fee. This follows from the Greenhouse Gas Emission Trading Act Section 19.
Regulation (in norwegian)