Transferring tokens (SC)

Shipping companies transferring tokens to a company with an account should follow these steps. If the receiving party does not have an account, see "Retiring tokens for off platform customers (SC)".

1) In the "Holdings" section of your account, you should select the tokens which you would like to transfer. When selected, a "transfer" button will appear on the bottom of the screen, highlighted in red below. Click this button.

Note: If the receiving party is a Facilitator Account, see “Assigning Tokens (SC).”

2) A pop up box will appear that asks you to select the fossil baseline of reference used to calculate the emission savings. Further information about these baselines can be found on Katalist's documentation page and in Annex VIII of the manual.

3) After selecting the fossil baseline of reference, you will be prompted to indicate whether transport work information should be included in the transfer. You may choose to reflect transport work associated only with the sustainable marine fuel (SMF) consumed, or with total fuel consumption, including conventional fuels (e.g., pilot fuels). If transport work information is included, the receiving party will be able to view the data as displayed below. If it is not included, no transport work information will be visible to the receiving party. For details on the calculation methodology, please refer to Annex IX of the Katalist Manual.

4) Then, you will be prompted to select the number of tokens, emission savings, or transport work you would like to transfer. Once you enter a value in any of the fields, the others will be populated with the corresponding values, as shown below. If you would like to transfer all these tokens, emission savings, or transport work, select "MAX".

5) You will be asked to input the account name and ID of the receiving party. If you have already sent tokens to this company and saved them as a "trusted account" (see step 7), you can select them from the drop down list.

6) If you would like to include a comment in the retirement statement, e.g. contract information relevant to the receiving party, you can select the toggle that allows this and write the relevant information.

7) Once all the information for this transfer has been filled in, you can choose to include the receiving party as a "trusted account". If you select this, in future transfers you can select their account from the drop down box (see step 5).

8) When you click submit, a new pop up box will appear informing you of the next steps. First the receiving party will review these tokens, and if they accept the transfer the Registry Administrator will review the transfer. Once both parties have approved, the transfer is complete.

9) While waiting for this approval, you can view the information about the transfer in the "Pending Units" section of your account holdings.

If you for any reason would like to cancel this transfer, you can click this transaction where you will be redirected to the below screen that allows you to cancel, highlighted in red below. Once the transfer has been approved by the receiving party and administrator, it is not possible to cancel the transfer.

10) You will receive an email notification both when the receiving party accepts this transfer and when the administrator accepts this transfer.