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If a shipping company violates their reporting obligations under the EU MRV Maritime Transport Regulation, their account may be suspended and a fine imposed.
Account suspension
If a shipping company fails to meet their reporting obligations, the competent administrative authority will suspend the account. Details on account suspension are regulated in the Greenhouse Gas Emissions Trading Act, which is currently being revised.
Imposition of fines
If an emissions report, a monitoring plan, an amended monitoring plan or an adjusted monitoring plan is not submitted to the competent authorities, or is not submitted correctly, completely or on time, the shipping company is violating administrative rules and may be fined. Details of offences that can result in fines are regulated in the Greenhouse Gas Emissions Trading Act, which is currently being revised.