Application of advanced hull coatings to reduce shipping fuel consumption VPA #1
Score Breakdown
Integrity
verified Additionality was confirmed by the VVB in the verification report, and the project uses a combined additionality approach in the PDD.
missing The verification report records six corrective requests, and permanence is not well evidenced because reversal events are only noted as not addressed and no buffer pool percentage is stated.
Transparency
verified The monitoring period is clearly stated, and the project is tied to a named verifier, RINA Services S.p.A., in the verification report.
missing Key MRV details are missing from the extracted record, including the usage monitoring method, verified usage rate, and verified ERR total.
Claim Safety
verified Leakage is described as negligible with a 0% deduction in the verification report.
missing The project is marked CORSIA-eligible, which keeps dual-channel claim risk open, and the record does not provide a verified usage rate or a quantified baseline reassessment.
Documentation
verified The record draws on multiple document types, including the PDD, verification report, and monitoring report, and extraction confidence is medium rather than low.
missing The verification report contains six corrective requests, and the crediting period information conflicts across documents, reducing documentation reliability.
Detailed Analysis
Integrity
The verification report from RINA confirms additionality, which supports the project’s core environmental claim. However, the report also lists six corrective requests, and permanence is weakly evidenced because reversal events are not addressed and no buffer pool share is stated. The leakage treatment is favorable on paper with a 0% deduction and a negligible justification, but the record is not fully robust because some related fields are missing.
Transparency
The monitoring period is clearly identified in the verification report, and the project is associated with a named VVB, which helps traceability. Still, the extracted record does not state the usage monitoring method, verified usage rate, or verified ERR total, so the MRV trail is incomplete. The medium extraction confidence also suggests at least one source was not fully readable, limiting transparency.
Claim Safety
The project’s leakage treatment is relatively conservative, with a stated negligible justification and a 0% deduction in the verification report. Even so, the project is marked CORSIA-eligible, which means dual-channel claim risk is not eliminated, and the absence of verified usage-rate data makes over-crediting harder to rule out. The baseline is project-specific rather than standardized, which is less protective than a recently reassessed jurisdictional baseline.
Documentation
The evidence set includes several official document types, which is a positive sign for completeness. However, the verification report records six corrective requests, and the extracted record leaves several important items unstated, including buffer pool coverage, baseline reassessment timing, and usage monitoring details. The crediting period also conflicts across documents, and I privileged the verification report’s dated range because it is the more authoritative and time-specific source for the verified period, while noting the inconsistency as a reliability concern.
Overall
Overall, this is a mid-quality project with some solid elements, especially VVB-confirmed additionality and a stated leakage treatment, but the evidence is not strong enough for a high-confidence score. I privileged the verification report over the conflicting PDD crediting-period statement because it is the later verification document and more directly tied to issued claims; the additionality contradiction is less severe because both versions still indicate a test-based approach, but the differing labels show documentation inconsistency. The leakage contradiction is resolved in favor of the verification report’s explicit 0% deduction and negligible justification, yet the presence of contradictory statements and multiple corrective requests still warrants a downward adjustment.
Audit Analysis
This is a shipping fuel-efficiency project with VVB-confirmed additionality and a stated leakage treatment, but the evidence base is uneven and several key quantitative fields are missing. The project has multiple corrective requests in verification and the record contains contradictions on additionality framing, leakage wording, and crediting period, which lowers confidence in the claims.
Project Description
Developer: QK TS Pvt. Ltd. Type: Energy Efficiency - Transport Sector Size: Large scale Methodology: GS Advanced Hull Coatings v2. Crediting period: 2013-08-14 → 2023-08-13 Estimated annual credits: 17457 tCO2e SDGs: Goal 13: Climate Action, Goal 12: Responsible Production and Consumption, Goal 9: Industry, Innovation and Infrastructure
Red Flags
- The verification report lists six corrective requests, indicating material documentation or methodology issues during validation.
- Several core items are not stated in the extracted record, including verified usage rates, baseline reassessment timing, and buffer pool coverage.
- The record contains contradictions on additionality test type, leakage treatment, and crediting period, which weakens reliability.
Credit Vintages
| Issued | Retired | Available | ||
|---|---|---|---|---|
| 2013 | 27,697 | 13,962 | 13,735 | |
| 2014 | 72,641 | 72,641 | 0 | |
| 2015 | 52,795 | 52,795 | 0 | |
| 2016 | 17,916 | 17,916 | 0 | |
| Total | 171,049 | 157,314 | 13,735 |
Cosa migliorerebbe questo punteggio
- Publish a complete MRV package with verified usage rates, monitoring method, and verified ERR totals for the monitoring period.
- Resolve the document inconsistencies on additionality framing and crediting period, and disclose buffer pool coverage or other permanence safeguards.
Questi suggerimenti indicano quali prove pubbliche aggiuntive potrebbero migliorare il livello di confidenza di questa valutazione. Non garantiscono un punteggio futuro più alto.
Risk Indicators
VVB-confirmed test
No buffer pool stated
0% deduction with justification
Project baseline, reassessment not stated
FPIC and grievance mechanism present
CORSIA-eligible; CCP not mentioned
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