Regulations for the Issuance of Building Permit and Fishing License of Fishing Vessel Article 14

In case that any fishery operator applies for building a new fishing vessel with the replacement qualification of at least one fishing vessel of the same fishery type, and the replacement tonnage is less than the fishing vessel tonnage of the newly-built fishing vessel, the shortfall shall be complemented, except that the shortfall is less than one tonnage after the measurement upon the completion of building.Where the replacement tonnage exceeds the fishing vessel tonnage of the newly-built fishing vessel by one tonnage or above, the surplus replacement tonnage shall be reserved for one year starting from the date of approval of reservation. The fishery type of the reserved surplus replacement tonnage shall be the same as that of the original replacement qualification, and the reserved surplus replacement tonnage shall be used only to complement the shortfall of the replacement tonnage of other fishing vessel(s).Where the replacement tonnage to be complemented in accordance with paragraph 1 is complemented by the surplus replacement tonnage of other fishery types reserved pursuant to the preceding paragraph or by the tonnage from other fishery types except for mackerel purse seine fishing vessels and fish carrier vessels, the replacement tonnage complemented shall not exceed 5% of the fishing vessel tonnage of the newly-built fishing vessel.Where a fishery operator applies with the replacement qualification for the change of the fishery type of the existing fishing vessel in accordance with Article 9, paragraph 1, and the replacement tonnage is less or more than the fishing vessel tonnage of the existing fishing vessel, the provisions stipulated in paragraph 1 to the preceding paragraph shall, mutatis mutandis, apply.In case that a fishery operator builds a fish carrier vessel or a mackerel purse seine fishing vessel, the fishing vessel tonnage of the vessel shall not be less than that of the existing fishing vessel. The replacement tonnage of these vessels shall not be used by fishing vessel(s) of other fishery type(s) for the replacement or complement, and the surplus replacement tonnage shall not be reserved.Where a fishery operator applies for importing a fishing vessel of new fishing method, the provisions stipulated in paragraph 1 to 3, Article 15, and Article 16 shall apply mutatis mutandis to the replacement qualification and replacement tonnage. Notwithstanding such a provision, in case that a fishing vessel of the same fishery type or a full-time recreational fishing vessel is not available domestically, the required replacement tonnage for the fishing vessel to be imported shall be from other fishery types except for those of mackerel purse seine fishing vessels and fish carrier vessels.For any longline or tuna purse seine fishing vessel of 20 gross tonnage or above with the age of 25 years or above that has been lost before these Regulations were amended and became effective on 14 December 2020, the replacement tonnage shall be 74% of the original fishing vessel tonnage.In case that a fishery operator obtains a fishing vessel in accordance with Article 4, subparagraph (7), the provisions stipulated in paragraph 1 to 3, Article 15, and 16 for complementing the replacement tonnage shall mutatis mutandis apply.