Paragraph 47 Risk analysis to be carried out by verifiersF1
The verifier must identify potential risks relating to the monitoring and reporting process by comparing reported maritime emissions with estimated data based on ship tracking data and characteristics such as the installed engine power, and must carry out further analysis where significant deviations are found.
The verifier must identify potential risks relating to the different calculation steps by reviewing all data sources and methodologies used.
The verifier must consider any effective risk control methods applied by the maritime operator to reduce levels of uncertainty associated with the accuracy specific to the monitoring methods used.
The verifier must identify and analyse—
the inherent risks;
the control risks;
the detection risks.
When identifying and analysing the elements referred to in sub-paragraph (4), the verifier must at least consider—
the findings from the strategic analysis referred to in paragraph 46(1);
the information referred to in paragraph 45(1) and (2) and paragraph 46(3)(b);
the materiality level referred to in paragraph 46(3)(c).
If the verifier determines that the maritime operator has failed to identify the relevant inherent risks and control risks in its risk assessment, the verifier must inform the maritime operator of that determination.
When performing the risk analysis, the verifier must consider any areas of higher verification risk including—
the number of ships under the maritime operator’s responsibility during the scheme year;
the number of maritime operator changes for ships under the maritime operator’s responsibility during the scheme year;
the diversity of ships’ engines;
the number of different flag States;
the voyage data;
fuel consumption;
the fuel types used, including the diversity of fuel types used;
the application of any surrender deduction pursuant to paragraph 15(1)(a);
the application of any derogation pursuant to paragraph 19;
the maritime emissions;
the aggregation of the data in the annual emissions report.
When identifying and analysing the areas listed in sub-paragraph (7), the verifier must consider the existence, completeness, accuracy, consistency, transparency and relevance of the information reported.
Where appropriate, in light of the information obtained in the course of verification, the verifier must revise the risk analysis and modify or repeat the verification activities.