Processors, traders, importers, transporters, marketers and others involved in the seafood industry that are investors in any new vessels that meet all of the conditions in ISSF Conservation Measure 6.2(b), and are therefore exempted from compliance with ISSF Conservation Measures 6.1 and 6.2(a), shall buy out and scrap existing capacity up to the percent of capacity of the new vessel that corresponds to their ownership interest in the new vessel, in accordance with paragraph 2(d) of ISSF Conservation Measure 6.2(a).
For the purposes of this measure, “new vessels” include vessels owned, partially or fully:
For the purposes of this measure, large-scale purse seine vessels are those with at least 335 m3 fish hold volume.
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