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Fisheries
association agrees on tuna fishing terms with Micronesia
News Source : Ministry of
Maritime Affairs & Fisheries
Seoul, Oct 27 2005 (Korea Newswire)--
The Korea Deep-sea Fisheries Association, securing a
long-term tuna-hauling right in the Pacific, has agreed on
Korea’s tuna fishing terms with the Federated States of
Micronesia (FSM) for five years at the same conditions as
the one-year pact that expires next month.
The agreement was made in fisheries negotiations between the
association’s managing director Park Moo-seong and chairman
Lorin Robert of the Micronesian Fisheries Authority at
American Guam on Oct. 21-22.
Under the pact valid from Nov. 18, 2005 through Nov. 17,
2010, a Korean tuna purse-seining vessel is to pay $80,000
per year for operating in the Pacific sea and the number of
ships allowed to fish is 27 with a possibility opened for an
additional one vessel added to the total under the Palau
Agreement.
Fees for both registration per fishing vessel and fishing
monitoring per vessel were set at $300 and $1,000,
respectively, and report on the entry into and departure
from both the port and fisheries theater required by ships
is 72 hours in advance.
Last year, 27 Korean ships harvested 24,636 tons of tuna off
the waters of the FSM.
