Average Efficiency Ratio definition
Average Efficiency Ratio or "AER" means, with respect to any Fleet Vessel, the average efficiency ratio of such Fleet Vessel as calculated per the Poseidon Principles as follows: where Ci is the carbon emissions for voyage i computed using the fuel consumption and carbon factor of each type of fuel, DWT is the design deadweight of a Fleet Vessel, and ▇▇ is the distance travelled on voyage i. The AER with respect to any Fleet Vessel is computed for all voyages performed by the Fleet Vessel over a calendar year.
Average Efficiency Ratio or “AER” shall mean, with respect to any Vessel, the average efficiency ratio of such Vessel, as calculated per Section 2.1 of the Poseidon Principles as follows:
Average Efficiency Ratio means, with respect to any Vessel, the average efficiency ratio of such Vessel, as calculated per the Poseidon Principles as follows:
More Definitions of Average Efficiency Ratio
Average Efficiency Ratio and/or “AER” means, in respect of a single Collateral Vessel, such Collateral Vessel’s average efficiency ratio expressed in unit grams of CO2 per tonne-mile i.e. gCO2/dwt-nm calculated by the Lead Sustainability Coordinator with reference to the Decarbonization Certificate and the Compliance Data, as per the below formula: where ci is the carbon emissions for voyage i computed using the fuel consumption with reference to the Decarbonization Certificate and the Compliance Data and carbon factor of each type of fuel set out in MEPC 63/23 Annex 8 – 2012 Guidelines on the Method of Calculation of the Attained Energy Efficient Design Index (EEDI) for New Ships as updated from time to time, is the design deadweight of the Collateral Vessel, and Di is the distance travelled on voyage Di. The AER is computed for all voyages performed by the relevant Collateral Vessel over the applicable 12 calendar months.
Average Efficiency Ratio and/or “AER” means, in respect of a single Collateral Vessel, such Collateral Vessel’s average efficiency ratio expressed in unit grams of CO2 per tonne-mile i.e. gCO2/dwt-nm calculated by the Lead Sustainability Coordinator with reference to the Decarbonization Certificate and the Compliance Data, as per the below formula: AER = ∑iCi ÷ ∑idwtDi where Ci is the carbon emissions for voyage i computed using the fuel consumption with reference to the Decarbonization Certificate and the Compliance Data and carbon factor of each type of fuel set out in MEPC 63/23 Annex 8 – 2012 Guidelines on the Method of Calculation of the Attained Energy Efficient Design Index (EEDI) for New Ships as updated from time to time, dwt is the design deadweight of the Collateral Vessel, and Di is the distance travelled on voyage i. The AER is computed for all voyages performed by the relevant Collateral Vessel over the applicable 12 calendar months.
Average Efficiency Ratio means the average efficiency ratio for each Collateral Vessel over the applicable twelve month period ending on 31 December each year. The Average Efficiency Ratio for each Vessel shall be calculated according to IMO MEPC.278(70) Annex VI – Appendix IX as follows:
Average Efficiency Ratio means, with respect to any Vessel, the average efficiency ratio of such Vessel, as calculated per Section 2.1 of the Poseidon Principles as follows: , where (a) Ci is the carbon emissions for voyage is computed using the fuel consumption and carbon factor of each type of fuel, (b) DWT is the design deadweight of the vessel, and (c) Di is the distance travelled on voyage i. The Average Efficiency Ratio with respect to any Vessel is computed for all voyages performed by the Vessel over a calendar year.
Average Efficiency Ratio and/or “AER” means, in respect of a single Collateral Vessel, such Collateral Vessel’s average efficiency ratio expressed in unit grams of CO2 per tonne-mile i.e. gCO2/dwt-nm calculated by the Lead Sustainability Coordinator with reference to the Decarbonization Certificate and the Compliance Data, as per the below formula: where [GRAPHIC APPEARS HERE] is the carbon emissions for voyage [GRAPHIC APPEARS HERE] computed using the fuel consumption with reference to the Decarbonization Certificate and the Compliance Data and carbon factor of each type of fuel set out in MEPC 63/23 Annex 8 – 2012 Guidelines on the Method of Calculation of the Attained Energy Efficient Design Index (EEDI) for New Ships as updated from time to time, [GRAPHIC APPEARS HERE] is the design deadweight of the Collateral Vessel, and [GRAPHIC APPEARS HERE] is the distance travelled on voyage [GRAPHIC APPEARS HERE]. The AER is computed for all voyages performed by the relevant Collateral Vessel over the applicable 12 calendar months.
Average Efficiency Ratio means the average efficiency ratio for each Collateral Vessel over the applicable twelve month period ending on 31 December each year. The Average Efficiency Ratio for each Vessel shall be calculated according to IMO MEPC.278(70) Annex VI – Appendix IX as follows: , where (a) Ci is the carbon emissions for voyage i computed using the fuel consumption and carbon factor of each type of fuel, (b) DWT is the design deadweight of the vessel, and (c) Di is the distance travelled on voyage i. The Average Efficiency Ratio with respect to any Collateral Vessel is computed for all voyages performed by the Collateral Vessel over a calendar year and set out in a certificate issued by an External Reviewer using the ship fuel oil consumption data submitted by the Borrower to the International Maritime Organization, required to be collected and reported in accordance with IMO MEPC.278(70) Annex VI – Appendix IX and for which such External Reviewer issued a statement of compliance for fuel oil consumption reporting.