The Sea Cargo Charter (SCC) is to revise its reporting framework, aligning its trajectory with IMO’s 2023 greenhouse gas (GHG) strategy and expanding its current scope to include ship owners.
According to its statement, in parallel with aligning its trajectory, the SCC is set to expand its current membership scope to include shipowners, demonstrating a commitment to industry inclusivity and sustainable practices.
What is the Sea Cargo Charter?
The Sea Cargo Charter is a global framework for assessing and disclosing the climate alignment of chartering activities. It establishes a common, global baseline to quantitatively assess and disclose whether chartering activities are in line with adopted climate goals. Thus, it also serves as an important tool to support responsible decision-making.
The Sea Cargo Charter is applicable to all charterers: those with interest in the cargo on board; those who simply charter out the vessels they charter in; disponent owners; all charterers in a charterparty chain; companies involved in pools.
With 37 signatories representing over 17% of total bulk cargo transported by sea annually, the SCC unites to enhance data sharing, boost transparency, and create accountability across the maritime supply chain. See the list of 37 Signatories here.
By broadening the current scope, to be effective in 2024, signatories incorporate the key role played by ship owners in the maritime supply chain into the initiative.
The objective is to elevate transparency on emissions across the shipping ecosystem with the end goal to reduce emissions, offering ship owners a robust and standardised methodology and framework for reporting and disclosing emissions data associated with their activities.
Eman Abdalla, Global Operations & Supply Chain Director at Cargill Ocean Transportation, explained that adopting IMO’s revised GHG strategy as well as opening the door to owners, are two critical milestones for the Sea Cargo Charter as this will accelerate gaining traction within the industry.
The Sea Cargo Charter aligns shipping emissions reporting with the new IMO ambition and expands its scope, allowing all ship owners to report under the same framework if they so wish—further demonstrating the Charter’s proactive stance in fostering transparency and sustainability across the maritime industry.
… said Rasmus Bach Nielsen, Sea Cargo Charter Chair and Global Head of Fuel Decarbonisation at Trafigura
