template key project information & project design …

Climate Security and Sustainable Development

TEMPLATE

KEY PROJECT INFORMATION & PROJECT DESIGN DOCUMENT (PDD)

PUBLICATION DATE 14.10.2020

VERSION v. 1.2

RELATED SUPPORT

- TEMPLATE GUIDE Key Project Information & Project Design Document v.1.2

This document contains the following Sections

Key Project Information

0 – Description of project

0 - Application of approved Gold Standard Methodology (ies) and/or demonstration

of SDG Contributions

0 – Duration and crediting period

0 – Summary of Safeguarding Principles and Gender Sensitive Assessment

0 – Outcome of Stakeholder Consultations

Appendix 1 – Safeguarding Principles Assessment (mandatory)

0 - Contact information of Project participants (mandatory)

0 - LUF Additional Information (project specific)

0 - Summary of Approved Design Changes (project specific)

TEMPLATE- T-PreReview_V1.2-Project-Design-Document

2 Climate Security and Sustainable Development

KEY PROJECT INFORMATION

GS ID of Project GS11208

Title of Project Golden Union Shipping Retrofit Project 1

Time of First Submission Date 27 May 2021

Date of Design Certification

Version number of the PDD Version 2, following GS preliminary review

Completion date of version 13/07/2021

Project Developer The FReMCo Corporation Inc./MGM Innova

Consulting LLC

Project Representative

Project Participants and any communities involved

Golden Union Shipping Company S.A.

Host Country (ies) There is no host country. Project involves ships

mostly travelling in international waters. Shipping

emissions and emissions reduction are not

included in GHG inventory of any country.

Activity Requirements applied

Community Services Activities

Renewable Energy Activities

Land Use and Forestry Activities/Risks & Capacities

X N/A

Scale of the project activity

Micro scale

X Small Scale

Large Scale

Other Requirements applied

Methodology (ies) applied and version number

Gold Standard methodology “Retrofit Energy Efficiency

This template has been revised to aid a consistent interpretation and to better support project developers submitting documentation for certification. Please read the accompanying guide to understand how to complete this template accurately. TEMPLATE GUIDE Key Project Information & Project Design Document v.1.2

Please delete this blue text box upon completion



Measures in Shipping”, V1.0.

Product Requirements applied

X GHG Emissions Reduction & Sequestration

Renewable Energy Label

N/A

Project Cycle:

Regular

X Retroactive

Land-use & Forest Key Project Information1

Table 1 – Estimated Sustainable Development Contributions

Sustainable Development Goals Targeted

SDG Impact (defined in B.6.)

Estimated Annual Average

Units or Products

13 Climate Action (mandatory)

GHG emissions reduction: 109,688 tCO2

21,938 tCO2

12 Responsible Consumption and Production

Fuel savings: 34,536 tonnes.

6,907 tonnes of fuel

4 Quality Education

Estimated 10 training sessions and conference presentations

Two per year

SECTION A. DESCRIPTION OF PROJECT

A.1 Purpose and general description of project

>>The Project comprises the application of one or more energy efficiency measures

as retrofits to existing ships. These measures would reduce fossil fuel consumption

and thereby reduce CO2 emissions. The ships included in this project, including name

1 Please refer to 0 for detailed information on LUF projects

N/A



and IMO (International Maritime Organisation) identification number, and ship type

are listed in the table below.

Shipno. VesselName IMONo. Shiptype1 CICPaola 9692820 Bulkcarrier

2 CICEpos 9474694 Bulkcarrier

3 FlagZannis 9474682 Bulkcarrier

4 SeattleSlew 9573737 Bulkcarrier

5 Mairini 9474670 Bulkcarrier

6 CapeElektra 9527922 Bulkcarrier

7 ChristinaJ 9492232 Bulkcarrier

8 Secretariat 9699701 Bulkcarrier

9 Rini 9411006 Bulkcarrier

10 ElenaVe 9453066 Bulkcarrier

11 PatriciaV 9453054 Bulkcarrier

12 CapeAlexandros 9489302 Bulkcarrier

13 FlagTrias 9374155 Bulkcarrier

14 CapeSupplier 9493743 Bulkcarrier

15 PharLap 9590694 Bulkcarrier

16 FlagTom 9496630 Bulkcarrier

17 FlagHope 9496642 Bulkcarrier

18 ImperialFrontier 9364320 Bulkcarrier

19 FlagMette 9727974 Bulkcarrier

A.1.1. Eligibility of the project under Gold Standard

>>

Gold Standard for the Global Goals (GS4GG), Principles and Requirements, Section 4,

lists a number of Eligibility Principles and Requirements. These are listed below with a

comment on relevance for the proposed project.


TEMPLATE

GS

Principle

Brief description or extract Relevance for proposed project

Principle 1 Contribution to climate security and sustainable

development:

Projects shall be of a type pre-identified as eligible or shall

submit to Gold Standard for approval of eligibility.

• Projects shall define their Baseline Scenario and Project

Scenario.

• Projects shall contribute positively to Climate Security &

Sustainable Development. These positive impacts are

considered against the Sustainable Development Goals

(SDGs).

The proposed project, based on an approved Gold

Standard methodology, clearly defines Baseline and

Project Scenarios. Moreover, the climate benefits (SDG

13) are clearly determined by the methodology. Two

other SDG goals are also met, as described later.

4.1.3. A Project type is automatically eligible for Gold

Standard Certification if there are Gold Standard approved

Activity Requirements and/or Impact Quantification

Methodologies associated with it

GS methodology exists, so automatically eligible.



4.1.12. All Projects shall demonstrate a clear, direct

contribution to sustainable development, defined as making

demonstrable, positive impacts on at least three

Sustainable Development Goals (SDGs), one of which must

be SDG 13 (defined herein as Emissions Reductions or

Removals and/or Adaptation to climate change). These are

referred to as SDG Impacts.

Proposed project would meet SDG criteria including

SDG 13, as well as SDG 12 and SDG 4, as described

later.

Principle 2 Projects shall conduct a Safeguarding Principles

Assessment and conform to Gold Standard Safeguarding

Principles and Requirements (see Appendix 1)

A Safeguarding Principles Assessment has been

conducted, as described in Appendix 1, and confirms

that most principles have no relevance to this project,

a few have positive impact and none have negative

impacts or consequences.

Principle 3 Stakeholder Inclusivity Projects shall identify and

engage Relevant Stakeholders and seek Expert Stakeholder

input where necessary in the design, planning and

implementation of the Project. Project design shall reflect

the views and inputs of stakeholders and ongoing feedback

shall be sought, captured and acted upon throughout the

life of the Project.

Note: this version of PDD is being submitted to Gold

Standard for Preliminary Review. Stakeholder

consultation session planning is underway, to be

conducted in the coming weeks.


TEMPLATE

A.1.2. Legal ownership of products generated by the project and legal rights to alter use of resources required to service the project

>>

To be completed following Gold Standard initial approval

A.2 Location of project

The project comprises a set of ships, identified by the ship names and their unique

ship identification numbers according to the International Maritime Organisation

(IMO). The names and IMO numbers of the ships within this VPA are listed in the table

in section A.1.

A.3 Technologies and/or measures

>> Ships in this project receive a range of retrofit technical efficiency measures

indicated in the GS methodology, “Retrofit Energy Efficiency Measures in Shipping”,

Table 4. Furthermore, as noted in the methodology “efficiency measures are installed

individually or as bundles custom-tailored for a given ship to improve fuel efficiency.”

Individual retrofits measures applied to the set of ships are listed below, together with

the “measure category” as defined in Section 1.0 of the GS methodology.

Measure no. Description

GS methodology measure category

1 Propeller surface polishing Operating 2 Schneekluth Wake Equalising Duct (WED) Propulsion 3 MHI (Mitsubishi Heavy Industries) Hub Vortex

Free Cap (HVFC) Propulsion

4 MAN Econozzles Machinery 5 MITSUI Low Fuel Consumption Atomizers Machinery

Details of the retrofits for each ship are listed below, where the right column notes the

“Measure number” as listed above.



Shipno. VesselName IMONo. Retrofitmeasures

1 CICPaola 9692820 1

2 CICEpos 9474694 1,4

3 FlagZannis 9474682 1,4

4 SeattleSlew 9573737 1

5 Mairini 9474670 1,2,3

6 CapeElektra 9527922 1

7 ChristinaJ 9492232 1,3

8 Secretariat 9699701 1

9 Rini 9411006 1,2

10 ElenaVe 9453066 1

11 PatriciaV 9453054 1

12 CapeAlexandros 9489302 1,2,3

13 FlagTrias 9374155 1,4

14 CapeSupplier 9493743 1,2,3

15 PharLap 9590694 1,2,3

16 FlagTom 9496630 1,2,3

17 FlagHope 9496642 1,2,3

18 ImperialFrontier 9364320 1,2

19 FlagMette 9727974 1,3

A.4 Scale of the project

>>Small-scale.

The ex ante emissions reductions for the project have been estimated in Section

B.6.4. The annual average for the five-year crediting period is 21,938 t CO2/year. This

is considerably below the small-scale limit of 60,000 t CO2/year. While the ex ante

estimate is approximate, it is impossible for measured fuel savings to be so high as to

exceed the small-scale limit.

A.5 Funding sources of project

>>The project is funded by resources of the project proponent, Golden Union

Shipping Company S.A., based in Greece with its registered office address in Panama.

From the PDD Template guide: Comment for project

Indicate whether the project activity receives public funding. If any public funding is received, provide information on the sources of the public funding.

The project activity would be undertaken by private investments. No public funding is received.

For carbon credit projects taking place in Project proponent is based in Greece with



countries on the OECD Development Assistance Committee’s ODA recipient list a signed Official Development Assistance (ODA) Declaration is required.

its registered office in Panama. However, no ODA was received. A signed declaration will be provided with formal submission of PDD.



SECTION B. APPLICATION OF APPROVED GOLD STANDARD METHODOLOGY (IES) AND/OR DEMONSTRATION OF SDG CONTRIBUTIONS

B.1. Reference of approved methodology (ies)

>> The project would use the approved GS methodology, “Retrofit Energy Efficiency

Measures in Shipping”, version 1, July 2017. This methodology refers to the CDM

methodological “Tool for the Demonstration and Assessment of Additionality”.

Specifically, we use CDM Tool 21: Demonstration of additionality of small-scale project

activities, version 13.1, valid from 01/09/2020.

B.2. Applicability of methodology (ies)

>>The project meets the applicability conditions specified in the GS methodology.

Details to be completed prior to formal submission.

B.3. Project boundary

>>

As noted in the methodology,

“The spatial project boundary is the geographical location of project ships in which

vessels are clearly identified by their unique IMO-Number. The project boundary

includes the cruising part of a ship’s route, but excludes stays in ports, dry docks

and manoeuvring activities (except for cases where fuel consumption for

navigation is not recorded separately; in these cases, the fuel consumption would

include navigation and manoeuvring). In both baseline and project scenarios, the

same project boundary for fuel consumption data should be used.”

“This methodology applies to efficiency measures that would reduce the

consumption of Marine Heavy Fuel Oil (HFO) or Marine Diesel Oil (MDO)

consumption in ships. The combustion of these fuels primarily produces carbon

dioxide (CO2) with small amounts of other greenhouse gases i.e., methane (CH4)

and nitrous oxide (N2O). However the emission of these two GHGs are very minor

compared to CO2 emissions…. In the case of Liquefied Natural Gas (LNG) usage,

CH4 emissions are however significant and shall be included within the project

boundary.”



None of the ships in the project use LNG, so only CO2 emissions are considered, both

for baseline and project scenarios, see below. Propulsion fuels are heavy fuel oil (HFO)

with varying sulphur content as required by standards. MDO may also be used as a

propulsion fuel.

Source GHGs Included?

Justification/Explanation

Base

lin

e s

cen

ari

o

Propulsion fuel 1

CO2 Yes

CH4 No

N2O No

Propulsion fuel 2

CO2 Yes

CH4 No

N2O No

…

…

…

…

Pro

ject

sce

nari

o

Propulsion fuel 1

CO2 Yes

CH4 No

N2O No

…

Propulsion fuel 2

CO2 Yes

CH4 No

N2O No

…

…

…

…

…

B.4. Establishment and description of baseline scenario

>> The baseline scenario is as specified in the GS methodology. The measures refer to energy efficiency improvements so that they meet applicable legislation. There is no suppressed demand baseline. Details to be completed



B.5. Demonstration of additionality

The project type is not deemed automatically additional. Additionality will be demonstrated as indicated in the GS methodology, based on the CDM Additionality Tool. To be completed prior to formal submission.

B.5.1 Prior Consideration

>>

Normally, Gold Standard projects need to be submitted within one year of the project start date. However, there is an exception for projects using this methodology.

As noted in Gold Standard for Global Goals Principles & Requirements, section 3.4.7.4 (https://globalgoals.goldstandard.org/retroactive-projects-eligibility/),

“The following exceptions have been introduced through this Rule Update:

2.1 Requirement for retroactive projects applying the methodology Retrofit Energy Efficiency Measures in shipping>>

Considering the unique nature of the shipping sector activities and the intricate methodology requirements for data collection, the prior consideration requirements have been revised for retroactive project applying the methodology “Retrofit Energy Efficiency Measures in shipping”. The projects applying this methodology can submit the required documents to Gold Standard for preliminary review within two years of its start date. This rule change is applicable with effect from the date of publication.”

This PDD is being submitted within two years of retrofit application.

B.5.2 Ongoing Financial Need

>>As per GS rules, this information is only needed for Design Certification Renewal.

B.6. Sustainable Development Goals (SDG) outcomes

Relevant Target/Indicator for each of the three SDGs

The most relevant targets and indicators listed in the United Nations Sustainable Development Goals website for the three SDG considered are listed below.

Sustainable Development

Most relevant SDG Target

SDG Impact Indicator



Goals Targeted (Proposed or SDG Indicator)


13.2 Integrate climate change measures into national policies, strategies and planning

13.2.1. Number of countries that have communicated the establishment or operationalization of an integrated policy/strategy/plan which increases their ability to … foster low greenhouse gas emissions development…


12.2. By 2030, achieve the sustainable management and efficient use of natural resources

12.2.2. Domestic material consumption, domestic material consumption per capita, and domestic material consumption per GDP

4 Quality Education

4.7. By 2030, ensure that all learners acquire the knowledge and skills needed to promote sustainable development…

Training sessions (internal) or conference presentations (external)

B.6.1 Explanation of methodological choices/approaches for estimating the SDG

Impact

>>To be completed prior to formal submission.

B.6.2 Data and parameters fixed ex ante

SDG13 Climate Action and SDG 12 Responsible Consumption and Production

Since the descriptions of the specific indicators as shown in the right column of the

table above (Section B.6) are long, they are abbreviated by the indicator number in

the tables below and in the tables in section B.7.1. Note that the tables below

correspond to parameters used for both SDG 13 and SDG 12.

Copy the table for each piece of data and parameter; use headings to group parameter tables by SDG



Relevant SDG Indicator SDG 13: Climate change mitigation (reduced GHG emissions), Indicator 13.2.1;and SDG 12: Energy efficiency improvement (reduced fossil fuel use), Indicator 12.2.2

Data / Parameter 𝑁𝐶𝑉!, i = Residual fuel oil

Unit TJ/Gg = GJ/tonne

Description Net calorific value of the fuel type i = Residual fuel oil

Source of data IPCC, 2006, Volume 2, Table 1.2. Note that IPCC issued a 2019 Refinement to 2006 IPCC (2006. However, this table was not modified.

Value(s) applied 40.4

Choice of data or Measurement methods and procedures

None

Purpose of data Calculation of baseline and project emissions

Additional comment Standard fuel, hence IPCC data used. Alternatively, IMO data may be used, see below.

Relevant SDG Indicator SDG 13: Climate change mitigation (reduced GHG emissions), Indicator 13.2.1; and SDG 12: Energy efficiency improvement (reduced fossil fuel use), Indicator 12.2.2

Data / Parameter 𝑁𝐶𝑉!, i = Marine diesel


Description Net calorific value of the fuel type i = Marine diesel

Source of data IPCC, 2006, Volume 2, Table 1.2



None






Data / Parameter 𝑁𝐶𝑉!, i = Very low sulphur fuel oil (VLSFO)


Description Net calorific value of the fuel type i = Very low sulphur fuel oil

Source of data IPCC does not provide values for this new fuel standard. Industry value used. https://integr8fuels.com/wp-content/uploads/2019/12/Integr8-Research-2019-12-Calorific-value-analysis.pdf



None


Additional comment Very low sulphur fuel (VLSFO) has sulphur content between 0.1% and 0.5%. Ultra low sulphur fuel oil (ULSFO) has sulphur content below 0.1%.


Data / Parameter 𝑁𝐶𝑉!, i = Ultra low sulphur heavy fuel oil


Description Net calorific value of the fuel type i = Ultra low sulphur heavy fuel oil

Source of data IPCC does not provide values for this new fuel standard. Industry value used. https://integr8fuels.com/wp-content/uploads/2019/12/Integr8-Research-2019-12-Calorific-value-analysis.pdf



None


Additional comment




Data / Parameter 𝐸𝐹!!!,!, i = Residual fuel oil

Unit kg/GJ

Description CO2 emission factor of fuel type i = Residual fuel oil

Source of data IPCC, 2006, Table 3.5.2



None




Data / Parameter 𝐸𝐹!!!,!, i = Marine diesel

Unit kg/GJ

Description CO2 emission factor of fuel type i = Marine diesel

Source of data IPCC, 2006, Table 3.5.2. Note that the 2019 “Refinement” of IPCC (2006) did not include Vol. 2, Chapter 3 “Mobile emissions”.



None


Additional comment Standard fuel, hence IPCC data used. We do not expect this value to have changed since the IPCC (2006) compilation.




Data / Parameter 𝐸𝐹!!!,!, i = Very low sulphur heavy fuel oil

Unit kg/GJ

Description CO2 emission factor of fuel type i = Very low sulphur heavy fuel oil

Source of data IPCC, 2006, Table 3.5.2 for residual fuel oil

Value(s) applied 77.4 (See Additional comment, below)


None


Additional comment As noted in the previous item, the 2019 “Refinement” of IPCC (2006) did not include Vol. 2, Chap. 3 “Mobile emissions”. Value assumed to be the same as for residual fuel oil, as per IPCC (2006). Value may be updated if more recent sources are available.

Relevant SDG Indicator SDG 13: Climate change mitigation (reduced GHG emissions), Indicator 13.2.1;and SDG 12: Energy efficiency improvement (reduced fossil fuel use), Indicator 12.2.2

Data / Parameter 𝐸𝐹!!!,!, i = Ultra low sulphur heavy fuel oil

Unit kg/GJ

Description CO2 emission factor of fuel type i = Ultra low sulphur heavy fuel oil

Source of data To be determined. See comment.

Value(s) applied 77.4 (tentative value, See Additional comment, below)


None


Additional comment Properties for this new fuel are currently not available. However, as soon as it is available, it is expected that IMO will publish the data.



SDG 4 Quality Education

There are no data and parameters fixed ex ante for this SDG.

B.6.3 Ex ante estimation of SDG Impact

>>

Sustainable Development Goal Ex-ante estimation of SDG Impact


109,688 tCO2


34,536 tonnes of fuel savings

4 Quality Education

Estimated 10 training sessions and conference presentations, including both within company as well as external, assuming two per year for the duration of the crediting period.

B.6.4 Summary of ex ante estimates of each SDG Impact

SDG 13. Climate change mitigation. The indicator is tCO2 emissions reduction. The

methodology requires the use of baseline data to establish a relationship of ship fuel

consumption to ship speed and other parameters. Using this relationship, a dynamic

baseline fuel consumption and emissions are determined for each trip in the project

scenario. Ex-ante fuel savings are estimated as a % of fuel consumption, itself

determined by ship size, distance travelled in a year and a fuel consumption rate.

Emissions reduction are determined by fuel savings multiplied by an emissions factor

for the fuel consumption in question. Thus there are no separate estimates for

baseline and project emissions, rather a direct estimate of emissions reduction. These

estimates, that will be detailed in an Excel workbook in the formal submission are

summarized below.



Year Baseline estimate

Project estimate

Net benefit

Year 1 7,862

Year 2 26,755

Year 2 26,755

Year 4 26,755

Year 5 26,755

Total 109,688

Total number of

crediting years

5 (Five)

Annual average over the crediting period

21,938

B.7. Monitoring plan

B.7.1 Data and parameters to be monitored

General comments on all the data tables in this section:

• Emissions reduction is determined from a regression analysis of baseline fuel consumption and from daily / voyage measurements during the project period. Hence, for each of the variables below, the row “Data applied” is not applicable, since all the data tables are needed to determine emissions reduction. In some cases, data are needed to disqualify ships from participating in the VPA or to limit the period over which emissions reduction may be credited. Hence in all tables below, the row “Data applied” is filled in as “N.A.” (not applicable).

• Emissions reduction is determined by comparing fuel consumption for each day /voyage in the project fuel consumption with the fuel that the ship would have consumed under similar conditions in the baseline period (determined by regression analysis of data over the entire baseline period). Hence the table row “Purpose of data” cannot be separated into items needed for the determination of baseline and project emissions. Hence in all tables below, the row “Purpose of data” is filled in as “N.A.” (not applicable).

For each participating ship in the VPA record the data shown in the following tables:



Relevant SDG Indicator

SDG 13: Climate change mitigation (reduced GHG emissions), Indicator 13.2.1; and SDG 12: Energy efficiency improvement (reduced fossil fuel use), Indicator 12.2.2

Data / Parameter j

Unit None

Description Ship identification (IMO) number for the jth ship in the project activity. Also name of ship.

Source of data Ship owner

Value(s) applied N.A. (see Notes above tables)

Measurement methods and procedures

None, IMO number is issued by the International Maritime Organisation

Monitoring frequency Once, when the ship is retrofitted.

QA/QC procedures Ship identification and name can be verified against public data bases, such as vesselfinder.com and marinetraffic.com

Purpose of data N.A. (see Notes above tables)

Additional comments This is a record of the ships where retrofit measures have been implemented.



Data / Parameter Date_Retr(j)

Unit Date

Description Date on which the Retrofits are finished on ship j.

Source of data Ship owner and / or operator where retrofits are installed

Value(s) applied Depends on each ship.


Recorded at the location where the retrofits are applied.

Monitoring frequency Once, when the ship is retrofitted with energy efficiency measures.

QA/QC procedures Records/documentation to be provided by shipowner.

Purpose of data Date is used in the calculations, for determining days since retrofits were applied.

Additional comments Corresponds to project scenario





Data / Parameter Retrofits applied to ship (j)

Unit -

Description Retrofits applied to ship j.

Source of data Ship owner

Value(s) applied Depends on each ship.


Recorded at the location where the retrofits are applied.

Monitoring frequency Once, when the ship is retrofitted.

QA/QC procedures Records/documentation to be provided by shipowner.

Purpose of data Needed to ensure that retrofits qualify under GS methodology

Additional comments Corresponds to project scenario



Data / Parameter Main engine fuel (j)

Unit -

Description Main engine fuel in ship j.

Source of data Ship operator

Value(s) applied Depends on ship and refuelling event.


None, qualitative information

Monitoring frequency The type of fuel is noted at each fuel purchase.

QA/QC procedures Fuel type should be confirmed with fuel purchase invoices.

Purpose of data Needed for calculation of fuel energy content and emissions factor.

Additional comments Corresponds to both baseline and project scenarios. Any changes from baseline to project scenario should be noted.





Data / Parameter Auxiliary engine fuel (j)

Unit -

Description Main engine fuel in ship j.


Value(s) applied Depends on ship and refuelling event.



Monitoring frequency The type of fuel is noted at each fuel purchase.

QA/QC procedures Fuel type should be confirmed with fuel purchase invoices.


Additional comments Corresponds to both baseline and project scenarios. Any changes from baseline to project scenario should be noted.



Data / Parameter Change in fuel at the same time as the application of energy efficiency retrofits

Unit -

Description Engine or other modifications to allow for a different fuel to be used

Source of data Ship operator with documentation from third party (where applicable)

Value(s) applied Depends on ship



Monitoring frequency Once at time of ship energy efficiency retrofits

QA/QC procedures Any changes in fuel type to be determined from ship logs before and after ship retrofits.


Additional comments



For long voyages, ships are at sea between ports, and certain data are recorded in ship logs. These are normally called “Noonday data”, since the data are recorded at noon of each day. For ships operating in long routes, for each day of both the baseline and the project period, each of the following data variables should be recorded. For ships operating on shorter voyages, typically lasting less than a couple of days, “Voyage data” need to be recorded. However, all ships in this project operate on long routes, so “Voyage data” are not needed.



Data / Parameter Date

Unit -

Description Calendar date

Source of data Ship operator, ship logs

Value(s) applied Dates, as recorded


Calendar or automatic clock

Monitoring frequency Daily

QA/QC procedures Recorded date may be compared with date recorded before and after date in question, to ensure that they are in sequence.

Purpose of data Calculation procedure as specified in methodology

Additional comments



Data / Parameter Daily distance (nautical miles)

Unit Nautical miles

Description Distance travelled in last day, since last daily record

Source of data Ship operator (ship logs)

Value(s) applied Distance travelled, as recorded in ship logs


AIS / GPS




QA/QC procedures Distance, time elapsed and average speed may be cross-checked to detect transcription or other errors. In some cases, a correction may be possible, else data item should be deleted.

Purpose of data Needed to determine ship speed (except when directly recorded), which is the main determination of fuel consumption rate, needed in methodology calculations.

Additional comments



Data / Parameter Daily steaming time (hours)

Unit Hours

Description Hours of sailing since last daily record

Source of data Ship operator, in ship logs

Value(s) applied Travel hours as recorded in ship logs


Clock


QA/QC procedures Distance, time elapsed and average speed may be cross-checked to detect transcription or other errors. In some cases, a correction may be possible, else data item should be deleted.

Purpose of data Together with distance travelled, used to determine ship speed (except when directly recorded), which is the main determination of fuel consumption rate, needed in methodology calculations.

Additional comments



Data / Parameter V

Unit Knots

Description Average daily speed through water since last daily record


Value(s) applied As recorded in ship logs for the day in question




Calculated from previous two data variables.


QA/QC procedures Recorded speed can be compared with distance travelled and time, so that anomalous recordings can be corrected or data item eliminated.

Purpose of data Ship speed is the most important determinant of fuel consumption rate.

Additional comments



Data / Parameter Sea state (Beaufort scale)

Unit Beaufort number

Description Sea state, noted at the time of daily data recording


Value(s) applied As recorded in ship logs for the day in question


Observation


QA/QC procedures None, since the data depends on observations.

Purpose of data Very high values of sea state correspond to stormy conditions. Data for these conditions are not considered for analysis in the baseline or project periods.

Additional comments



Data / Parameter Vessel condition

Unit Ballast/Loaded, or displacement

Description Loading condition of ship at the time of data recording


Value(s) applied As recorded in ship logs, for the period in question.




Ship logs will indicate vessel loading condition

Monitoring frequency Daily. However, value will not change significantly during any voyage

QA/QC procedures Loading condition recorded as Ballast/Laden can be compared with ship draft or displacement when recorded.

Purpose of data For some ship categories (see below), performance is substantially different for loaded and ballast conditions. Hence data for these two conditions need to be analyzed separately, both for baseline and project.

Additional comments Loading condition is only relevant for certain ship categories, such as bulk loader, tanker, etc.



Data / Parameter FC(ME)

Unit Tonnes

Description Fuel consumption of the main engine since last daily record


Value(s) applied


Fuel flow meter


QA/QC procedures Calibration of fuel flow meter, periodic dip test on tanks

Purpose of data Fuel consumption data are essential for the determination of energy consumption and emissions.

Additional comments When same tank supplies for than one engine, or other non-engine equipment, the dip test can only be compared with the sum of all flow meters



Data / Parameter FC(AE)



Unit Tonnes

Description Daily fuel consumption of the auxiliary engine(s) since last daily record


Value(s) applied As recorded in ship logs


Fuel flow meter


QA/QC procedures Calibration of fuel flow meter, periodic dip test on tanks

Purpose of data Fuel consumption data are essential for the determination of energy consumption and emissions.

Additional comments When same tank supplies for than one engine, or other non-engine equipment, the dip test can only be compared with the sum of all flow meters

The parameters related to SDG 4: “Quality education”, are not monitored on a ship-by-ship basis.

These are listed below.

Relevant SDG Indicator SDG 4: Quality Education. Parameter within Target 4.7. Education and training for the transmission of knowledge and skills needed to promote sustainable development, Indicator 4.7.1



Data / Parameter Number of training sessions

Unit N.A.

Description Training sessions undertaken by Golden Union Shipping Co. (a) for its own staff, affiliates and related stakeholders, including sustainable development benefits of energy efficiency retrofits; and (b) Presentations by Golden Union Shipping Co. related to the sustainable development benefits of energy efficiency retrofits, for shipping industry stakeholders, including for example the International Maritime Organisation, shipping conferences, other industry conferences.

Source of data Records kept by Golden Union Shipping Co.


N.A.

Monitoring frequency Annual

QA/QC procedures Since the parameter is based on company records of events, there are no QA/QC procedures as such.

Purpose of data To determine training provided to Golden Union Shipping Co. employees, affiliates and related stakeholders on the sustainable development benefits of the energy efficiency retrofits.

Additional comments

B.7.2 Sampling plan

>>There is no sampling in the monitoring plan for this project.

B.7.3 Other elements of monitoring plan

>>

SECTION C. DURATION AND CREDITING PERIOD

C.1. Duration of project

C.1.1 Start date of project

>> 8 June 2019 (date on which first ship in this project received energy efficiency

retrofits).

C.1.2 Expected operational lifetime of project

>>Ten years, 0 months. Most energy efficiency measures applied are mechanical

devices that should have a long lifetime. We conservatively assume a lifetime of 10

years.



C.2. Crediting period of project

C.2.1 Start date of crediting period

>>1 Nov. 2019 (assuming a Design Certification date of 1 Nov. 2021)

C.2.2 Total length of crediting period

>> Five years, ending 31 Oct. 2024

This initial crediting period of five (5) years could be subject to one (1) potential Certification Renewal/Cycle submission.

SECTION D. SUMMARY OF SAFEGUARDING PRINCIPLES AND GENDER SENSITIVE ASSESSMENT

D.1 Safeguarding Principles that will be monitored

A completed Safeguarding Principles Assessment is in Appendix 1, ongoing monitoring

is summarised below.

Principles Mitigation Measures added to the Monitoring Plan

All Principles

No mitigation measures are needed,

since there is either no relevance or

no negative impact on any of the Safeguarding Principles.

D.2. Assessment that project complies with GS4GG Gender Sensitive

requirements:

To be completed

Question 1 - Explain how the project reflects the key issues and requirements of Gender Sensitive design and implementation as outlined in the Gender Policy?

Question 2 - Explain how the project aligns with existing country policies, strategies and best practices



Question 3 - Is an Expert required for the Gender Safeguarding Principles & Requirements?

Question 4 - Is an Expert required to assist with Gender issues at the Stakeholder Consultation?

SECTION E. SUMMARY OF LOCAL STAKEHOLDER CONSULTATION Note: Current version of PDD is being submitted to Gold Standard for Preliminary

Review. Stakeholder consultation session planning is underway, to be conducted in

the coming weeks.

The below is a summary of the 2 step GS4GG Consultation for monitoring purposes.

Please refer to the separate Stakeholder Consultation Report for a complete report on

the initial consultation and stakeholder feedback round.

E.1 Summary of stakeholder mitigation measures

>>

E.2 Final continuous input / grievance mechanism

Method Include all details of Chosen Method (s) so that they may be understood and, where relevant, used by readers.

Continuous Input / Grievance

Expression Process Book

(mandatory)

GS Contact (mandatory) [email protected]

Other



APPENDIX 1 - SAFEGUARDING PRINCIPLES ASSESSMENT

Complete the Assessment below and copy all Mitigation Measures for each Principle into SECTION D above. Please refer to the

instructions in the Guide to Completing this Form.

Assessment Questions/ Requirements

Justification of Relevance (Yes/potentially/no)

How Project will achieve Requirements through design, management or risk mitigation.

Mitigation Measures added to the Monitoring Plan (if required)

Principle 1. Human Rights

1. The Project Developer and the Project shall respect internationally proclaimed human rights and shall not be complicit in violence or human rights abuses of any kind as defined in the Universal Declaration of Human Rights

2. The Project shall not discriminate with regards to participation and inclusion

No. There is no relevance to the project since the project comprises retrofits to ships in operation. The retrofits would be applied at a location where ship maintenance is undertaken.

Note: project has no negative impact on any of the Safeguarding Principles. Hence no action would be needed for this or any other principle.

No mitigation measures are needed, since there is either no relevance or no negative impact on any of the Safeguarding Principles.

Principle 2. Gender Equality

1. The Project shall not directly or indirectly lead

No negative impacts. Project proponent has employment



to/contribute to adverse impacts on gender equality and/or the situation of women

2. Projects shall apply the principles of nondiscrimination, equal treatment, and equal pay for equal work

3. The Project shall refer to the country’s national gender strategy or equivalent national commitment to aid in assessing gender risks

4. (where required) Summary of opinions and recommendations of an Expert Stakeholder(s)

policies in place to ensure no discrimination based on gender.

Principle 3. Community Health, Safety and Working Conditions

1. The Project shall avoid community exposure to increased health risks and shall not adversely affect the health of the workers and the community

The project comprises retrofits to ships in operation. These retrofits are measures that reduce ship fuel consumption, and therefore do not imply any negative health impact.



Principle 4.1 Sites of Cultural and Historical Heritage

Does the Project Area include sites, structures, or objects with historical, cultural, artistic, traditional or religious values or intangible forms of culture?

Not applicable. The project activity is undertaken at locations where ships receive maintenance requiring the ship to be removed from water. None of these activities affect critical cultural heritage. This is true for the project activity (ship retrofits to save fuel) as well as the baseline scenario.

>>

Principle 4.2 Forced Eviction and Displacement

Does the Project require or cause the physical or economic relocation of peoples (temporary or permanent, full or partial)?

No. No human settlements are affected.

>>

Principle 4.3 Land Tenure and Other Rights

a. Does the Project require any change, or have any uncertainties related to land tenure arrangements and/or access rights, usage rights or land ownership?

b. For Projects involving land use tenure, are there any uncertainties with regards to

No. Project activity involves ships, which are at sea.



land tenure, access rights, usage rights or land ownership?

>>

Principle 4.4 - Indigenous people

Are indigenous peoples present in or within the area of influence of the Project and/or is the Project located on land/territory claimed by indigenous peoples?

No. No indigenous people affected.

>>

Principle 5. Corruption

1. The Project shall not involve, be complicit in or inadvertently contribute to or reinforce corruption or corrupt Projects

No. Project activity involves transactions between private parties: Golden Union, the ship owner, with the manufacturers of the retrofit devices, and operators where the retrofits are installed. There is little scope for corruption.

Principle 6.1 Labour Rights

1. The Project Developer shall ensure that all employment is in compliance with national

Project Owner ensures that all employment is in compliance with national and other applicable laws, including laws surrounding child labour and worker and employee working



labour occupational health and safety laws and with the principles and standards embodied in the ILO fundamental conventions

2. Workers shall be able to establish and join labour organisations

3. Working agreements with all individual workers shall be documented and implemented and include:

a) Working hours (must not exceed 48 hours per week on a regular basis), AND

b) Duties and tasks, AND c) Remuneration (must

include provision for payment of overtime), AND

d) Modalities on health insurance, AND

e) Modalities on termination of the contract with provision

conditions.



for voluntary resignation by employee, AND

f) Provision for annual leave of not less than 10 days per year, not including sick and casual leave.

4. No child labour is allowed (Exceptions for children working on their families’ property requires an Expert Stakeholder opinion)

5. The Project Developer shall ensure the use of appropriate equipment, training of workers, documentation and reporting of accidents and incidents, and emergency preparedness and response measures

Principle 6.2 Negative Economic Consequences

1. Does the project cause negative economic consequences during and

No. The project comprises retrofits to ships in operation, which would reduce fuel costs



after project implementation?

and freight shipping costs, favouring trade. There are no negative economic consequences. >>

Principle 7.1 Emissions

Will the Project increase greenhouse gas emissions over the Baseline Scenario?

No. The project would reduce GHG emissions with respect to the baseline.

>>

Principle 7.2 Energy Supply

Will the Project use energy from a local grid or power supply (i.e., not connected to a national or regional grid) or fuel resource (such as wood, biomass) that provides for other local users?

No. The project activity comprises retrofits to ships in operation. The locations where these would be installed are grid connected locations, possibly with commercial fuel consumption. There would be no conflict with local users.

>>

Principle 8.1 Impact on Natural Water Patterns/Flows

Will the Project affect the natural or pre-existing pattern of watercourses, ground-water and/or the watershed(s) such as high seasonal flow variability, flooding potential, lack of aquatic connectivity or

No. The project activity comprises retrofits to ships in operation. There is no impact on water resources.



water scarcity?

>>

Principle 8.2 Erosion and/or Water Body Instability

a. Could the Project directly or indirectly cause additional erosion and/or water body instability or disrupt the natural pattern of erosion?

b. Is the Project’s area of influence susceptible to excessive erosion and/or water body instability?

No. Project activity involves ships. Hence no impact on erosion.

>>

Principle 9.1 Landscape Modification and Soil

Does the Project involve the use of land and soil for production of crops or other products?

No. Project activity does not use agricultural land.

>>

Principle 9.2 Vulnerability to Natural Disaster

Will the Project be susceptible to or lead to increased vulnerability to wind, earthquakes, subsidence,

No. Project activity involves ships. Hence no impact that could lead to natural disasters.



landslides, erosion, flooding, drought or other extreme climatic conditions?

>>

Principle 9.3 Genetic Resources

Could the Project be negatively impacted by or involve genetically modified organisms or GMOs (e.g., contamination, collection and/or harvesting, commercial development, or take place in facilities or farms that include GMOs in their processes and production)?

No. Project activity does not involve agriculture, nor any GMOs.

>>

Principle 9.4 Release of pollutants

Could the Project potentially result in the release of pollutants to the environment?

No. Project activity comprises retrofits to ships in operation. These would reduce fuel use. Insofar as there is some air pollution from fuel combustion, the project activity reduces pollutants released to the environment.

>>

Principle 9.5 Hazardous and Non-hazardous Waste

Will the Project involve the No. Project activity comprises



manufacture, trade, release, and/ or use of hazardous and non-hazardous chemicals and/or materials?

retrofits to ships in operation. The retrofits are the installation of mechanical devices, involving no release of hazardous chemicals or non-hazardous chemicals. >>

Principle 9.6 Pesticides & Fertilisers

Will the Project involve the application of pesticides and/or fertilisers?

No. Project activity relates to ships, with no application of pesticides or fertilisers.

>>

Principle 9.7 Harvesting of Forests

Will the Project involve the harvesting of forests?

No. The project activity comprises retrofits to ships in operation, with no impact on forests.

>>

Principle 9.8 Food

Does the Project modify the quantity or nutritional quality of food available such as through crop regime alteration or export or economic incentives?

No. The project activity comprises retrofits to ships in operation, with no impact on food availability.

>>

Principle 9.9 Animal husbandry



Will the Project involve animal husbandry?

No. The project activity comprises retrofits to ships in operation, with no relevance to animal husbandry.

>>

Principle 9.10 High Conservation Value Areas and Critical Habitats

Does the Project physically affect or alter largely intact or High Conservation Value (HCV) ecosystems, critical habitats, landscapes, key biodiversity areas or sites identified?

No. The project activity comprises retrofits to ships in operation, with no impact on high value ecosystems.

>>

Principle 9.11 Endangered Species

a. Are there any endangered species identified as potentially being present within the Project boundary (including those that may route through the area)?

b. Does the Project potentially impact other areas where endangered species may be present through transboundary affects?

No. The project activity comprises retrofits to ships in operation, with no impact on endangered species. There are no transboundary effects.

>>



APPENDIX 2- CONTACT INFORMATION OF PROJECT PARTICIPANTS

Organization name Golden Union Shipping Company S.A.

Registration number with relevant authority

Street/P.O. Box 32 Dionysiou Solomou

Building

City Lykovrisi

State/Region

Postcode 14123

Country Greece

Telephone +30 2104061000

E-mail

Website goldenunion.gr

Contact person Mr. Marinos Sarantis

Title Mr.

Salutation

Last name Sarantis

Middle name

First name Marinos

Department Technical Superintendent

Mobile

Direct tel. +30 2104061000 (212)

Personal e-mail [email protected]



Organization name The FReMCo Corporation Inc.

Registration number

with relevant authority

Street/P.O. Box 2470 No. 1 Side Road

Building -

City Burlington

State/Region Ontario

Postcode L7P 0S2

Country Canada

Telephone 1.905.320.8181

Fax

E-mail [email protected]

Website http://www.fremco.com/

Contact person Alison Morris

Title

Salutation Mrs.

Last name Morris

Middle name -

First name Alison

Department

Mobile -

Direct fax

Direct tel. 1.905.320.8181


Organization name MGM Innova Consulting LLC

Registration number

with relevant authority



Street/P.O. Box 2 South Biscayne Blvd. Suite 2160

Building -

City Miami

State/Region Florida

Postcode 33131

Country USA

Telephone 1.786.975.2188

Fax -

E-mail [email protected]

Website http://www.mgminnovagroup.com/

Contact person

Title

Salutation Dr.

Last name Dutt

Middle name -

First name Gautam

Department

Mobile -

Direct fax

Direct tel. 1.786.975.2188




APPENDIX 3- LUF ADDITIONAL INFORMATION

Risk of change to the Project Area during Project Certification Period:

Risk of change to the Project activities during Project Certification Period:

Land-use history and current status of Project Area:

Socio-Economic history:

Forest management applied (past and future)

Forest characteristics (including main tree species planted)

Main social impacts (risks and benefits)

Main environmental impacts (risks and benefits)

Financial structure

Infrastructure (roads/houses etc):

Water bodies:

Sites with special significance for indigenous people and local communities - resulting from the Stakeholder Consultation:

Where indigenous people and local communities are situated:

Where indigenous people and local communities have legal rights, customary rights or sites with special cultural, ecological, economic, religious or spiritual significance:



APPENDIX 4-SUMMARY OF APPROVED DESIGN CHANGES

Please refer to Design Change Requirements for more information on procedures

governing Design Changes

Revision History

Version Date Remarks

1.2 14 October

2020

Hyperlinked section summary to enable quick access to key sections Improved clarity on Key Project Information Inclusion criteria table added Gender sensitive requirements added Prior consideration (1 yr rule) and Ongoing Financial Need added Safeguard Principles Assessment as annex and a new section to include applicable safeguards for clarity Improved Clarity on SDG contribution/SDG Impact term used throughout Clarity on Stakeholder Consultation information required Provision of an accompanying Guide to help the user understand detailed rules and requirements

1.1 24 August

2017

Updated to include section A.8 on ‘gender sensitive’ requirements

1.0 10 July

2017

Initial adoption

template key project information & project design …

Documents