The invention relates to a method of controlling engine derating of an internal combustion engine (10) being provided with a turbocharger (110) and a variable inlet guide vanes assembly (130) arranged upstream a compressor (120) of the turbocharger (110). The method comprises determining a current operational condition requiring engine derating, detecting a current operational condition of the compressor (120), and controlling the position of the variable inlet guide vanes assembly (130) based on the detected operational condition of the compressor (120).