Regulations on the Approval of Investment in or the Operation of Foreign Flag Fishing Vessels Article 4

Any person with the nationality of the Republic of China that intends to invest in or operate a foreign flag fishing vessel shall submit an application together with the following documents for approval from the competent authority:(1) A list of investor(s) and proof of their identifications.(2) In case that two years have not passed since an international organization or foreign government notified that the foreign fishing vessel to be invested in or operated had involved in forced labor or human trafficking, a letter of undertaking which promises to remove the concerned vessel within two years starting from the date it was included in the notification as well as an improvement plan shall be enclosed.In case that the number of investors as referred to in the preceding paragraph is two or above, the application shall be onymous with the signatures of all investors, and one of the investors may be assigned as the representative to file the application.The content of the improvement plan as referred to in paragraph 1, subparagraph (2) shall include at least items to be improved, objective(s) and method(s) to achieve, schedule, progress per stage, and audit organization.