AER Trajectory Value definition

AER Trajectory Value means, with respect to any Fleet Vessel, the relevant AER trajectory value as published on the website of the Poseidon Principles. The Poseidon Trajectory based off the fourth IMO GHG Study (published in 2020) will be the trajectory used for the duration of this facility. See the table below as a reference. ​
Sample 1
AER Trajectory Value. The AER trajectory value of a vessel type and size in a given year as set out in the following table, calculated based on Appendix 3 (Definition of decarbonization trajectory) of the Poseidon Principles Technical Guidance: Segment Size (DWT) 2023 2024 2025 2026 2027 2028 Oil Tanker (LR2) 80,000 – 119,999 3.9867 3.8855 3.7843 3.6831 3.5819 3.4806 Oil Tanker (LR1) 60,000 – 79,000 5.4719 5.3330 5.1941 5.0552 4.9163 4.7774 Oil Tanker (MR / Hxxxx) 20,000 – 59,000 8.1297 7.9233 7.7169 7.5106 7.3042 7.0978 Chemica l Tanker (MR) 40,000+ 6.5663 6.3996 6.2329 6.0662 5.8995 5.7328 Chemica l Tanker (Handy) 20,000 – 39,000 9.0678 8.8376 8.6074 8.3772 8.1470 7.9168 Annual Efficiency Ratio (“AER”): shall mean with respect to a ship, its annual efficiency ratio for the particular calendar year, as calculated per Section 2.1 (Selecting the right metric for measuring climate alignment) of the Poseidon Principles Technical Guidance as follows:
Sample 1Sample 2
AER Trajectory Value means the minimum AER trajectory value of a vessel type and size in a given year as set in the latest published revision of the Poseidon Principles trajectory (currently version 5.0 published in February 2024).
Sample 1

More Definitions of AER Trajectory Value

AER Trajectory Value means the value set out in the table below in respect of a given class of the AER Reference Vessels in any given year. AER Reference Vessels 2022 2023 2024 2025 2026 2027 2028 2029 Suezmax 3.2648 3.1839 3.1031 3.0223 2.9415 2.8606 2.7798 2.6990 VLCC 200000-+ 2.1554 2.
Sample 1
AER Trajectory Value means the median AER trajectory value of a vessel type and size in a given year as set out in the following chart: Segment Size (DWT) 2020 2021 2022 0000 0000 0000 MR 20000-59999 6.76992000 6.59007900 6.41023800 6.23039700 6.05055600 5.87071500 Panamax 60000-79999 4.77192075 4.64515604 4.51839132 4.39162660 4.26486188 4.13809716 Aframax 80000-119999 3.73638909 3.63713298 3.53787686 3.43862075 3.33936463 3.24010852 Suezmax 120000-199999 3.18718706 3.10252034 3.01785362 2.93318690 2.84852018 2.76385347 VLCC 200000-+ 2.32400667 2.26227009 2.20053352 2.13879694 2.07706036 2.01532379
Sample 1
AER Trajectory Value means the median AER trajectory value of a vessel type and size in a given year as set in the latest published revision of the Poseidon Principles trajectory. For reference the current revision of the Poseidon Principles trajectory (v4) as in effect on the Closing Date is set out in the following chart: ​ Segment Size (DWT) 0000 0000 0000 2026 2027 MR 20000-59999 8.13174247 7.92530254 7.71886262 7.51242270 7.30598277 Panamax 60000-79999 5.50164129 5.36197154 5.22230179 5.08263205 4.94296230 Aframax 80000-119999 3.97049523 3.86969657 3.76889792 3.66809926 3.56730060 Suezmax 120000-199999 3.24892353 3.16644336 3.08396319 3.00148301 2.91900284 VLCC 200000-+ 2.14494108 2.09048763 2.03603417 1.98158072 1.92712726 ​ ​ ​ 10 ​ ​ Chemical tanker 20000-39999 9.08809540 8.85737662 8.62665784 7.51242270 7.30598277 Chemical tanker 40000+ 6.56290881 6.39629675 6.22968469 5.08263205 4.94296230 ​
Sample 1
AER Trajectory Value means the median climate alignment score of a Vessel type and size in a given year per Schedule 2 (Ship information), as set out in the Poseidon Principles as follows: Segment Size (DWT) 2020 2021 2022 0000 0000 0000 2026 Liquefied Gas Tanker 50,000-199,999 8.342924 8.121296 7.899669 7.678042 7.456414 7.234787 7.013159 Average Efficiency Ratio or AER means, with respect to any Vessel, the average efficiency ratio of such 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 Vessel, and Di is the distance travelled on voyage i. The AER with respect to any Vessel is computed for all voyages performed by the Vessel over a calendar year.
Sample 1

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