Regulations for Tuna Longline Fishing Vessels Proceeding to the Atlantic Ocean for Fishing Operation Article 27

In the event that the following requirements are met, bigeye tuna quota of a bigeye tuna group fishing vessel may be transferred to other fishing vessel(s) of bigeye tuna group, through the coordination of the Tuna Association which reports to the competent authority for approval:(1) The bigeye tuna quota of the receiving fishing vessel shall not exceed the limit as stipulated in subparagraph (1) of Article 22-1, paragraph 1 after the transfer.(2) Any punishment pursuant to Article 35, 36, or 40 of the Act has not been imposed on both the transferring and receiving fishing vessels in the current year.(3) In case that a fine or the suspension of the fishing license has been imposed on the transferring or receiving fishing vessel pursuant to Article 41 of the Act, such punishment has been paid or executed completely.In the event that any fishing vessel of bigeye tuna group has transferred accumulated 30 metric tons of bigeye tuna quota, it shall enter into a port for stop fishing for one month in the current year; for the transfer of accumulated 60 metric tons of bigeye tuna quota, it shall enter into a port for stop fishing for two months, and so forth.For any fishing vessel entering into a port for stop fishing in accordance with the preceding paragraph, the start and end dates of the period and the berthing location shall be specified at the time when applying for the approval of transferring quota from the competent authority. In case that a fishing vessel does not meet the provisions as stipulated in the preceding paragraph, the competent authority may deny the application of quota transfer, or revoke the approval already granted.