7. Glossary

CAPEX

For a company, administration or association, CAPEX (CAPital EXpenditure) is the total capital expenditure devoted to the purchase of equipment.

OPEX

For a company, administration or association, OPEX (for OPerating EXpense) corresponds to the total expenditure devoted to the activity.

TTW

Tank-to-Wake refers to the consumption and emissions of greenhouse gases produced when a fuel is used and consumed on board a ship.

WTT

Well-to-Tank refers to the consumption and emissions of greenhouse gases produced during the production and distribution of fuel on a ship.

Dropping-fuel

A drop-in fuel is a synthetic and completely...