Regulations for Tuna Longline or Purse Seine Fishing Vessels Proceeding to the Pacific Ocean for Fishing Operation Article 31

Quota for the current year shall be allocated only to catching vessels that have obtained distant water fisheries permits of the current year.For any catching vessel that has not obtained a distant water fisheries permit of the entire year, the quota shall be granted in accordance with the percentage that the number of month(s) approved accounts for the whole year. Notwithstanding such provision, in the event that the ownership of any catching 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 year, the unused individual vessel quota allowed for such catching 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 individual vessel quota allowed for the catching vessel concerned in the current year:(1) Loss of the vessel, or the damage of the 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.The allowed individual vessel quota as referred to in the preceding two paragraphs means the sum of the individual vessel quota granted by the competent authority pursuant to these Regulations, the quota received from other vessel(s), the additional quota applied for, and the premium quota, after deducting the quota transferred, reduced, and retrieved