Regulations for Fishing Vessels Conducting Saury Fishery in North Pacific Ocean Article 12-4

Individual vessel initial quota for the current year shall be allocated only to saury fishing vessels that have obtained distant water fisheries permits of the current year.For any saury fishing vessel that has not obtained a distant water fisheries permit of the entire period for using the quota as referred to in Article 12-2, paragraph 3, the available quota per vessel shall be granted in accordance with the percentage that the number of month(s) approved accounts for the whole period. Notwithstanding such provision, in the event that the ownership of any saury fishing vessel transfers and the quota used by the original distant water fisheries operator exceeds the percentage that the number of month(s) approved accounts for the whole period, the unused available quota of such a vessel in the current year shall be granted to the new distant water fisheries operator.In case of any of the following circumstances, the competent authority shall retrieve the unused available quota of the saury fishing vessel concerned in the current year:(1) Loss of a saury fishing vessel or the damage of a vessel that renders the fishing operation impossible for the current year. However, the quota received from other vessel(s) will not be retrieved.(2) Revocation or withdrawal of the fishing license imposed by the competent authority.(3) Revocation or withdrawal of the distant water fisheries permit imposed by the competent authority.