Common use of Harvesting Rules Clause in Contracts

Harvesting Rules. 1.) The MPBS will operate as a lease-only sector with no active vessels in FY 2011. 2.) The MPBS will have at least three members: the State of Maine and two northeast multispecies permits that are attached to vessels that will not actively fish in FY 2011. The State of Maine has agreed to the terms and conditions of the MOA, which prohibits MPBP permits from being held on active vessels. Permits owned by the State of Maine and held in the MPBS will be used for the transfer of ACE to eligible vessels in eligible sectors and/or the leasing of multispecies DAS to be used concurrently with a monkfish DAS while targeting monkfish. Permits that are not owned by the State of Maine are not required to abide by the MOA, except that those permit holders have agreed that they will not actively fish pursuant to those permits in FY 2011. 3.) Since the MPBS will be a lease-only sector and will not engage in active fishing in FY 2011 there will be zero groundfish caught while participating in other fisheries that have a bycatch of groundfish. 4.) Annual Catch Entitlement (as determined by NMFS) The MPBS requests an ACE for FY 2011 for those permits placed in the MPBS. The allocations associated with the two northeast multispecies permits not owned by the State of Maine will be transferred back to the originating sector (Port ▇▇▇▇▇ Community Groundfish Sector) at the start of FY 2011. The MPBS will provide to NMFS by February 1, 2011 (see exemption request #1), a list of all permits acquired through a competitive bidding process. The MPBS will not lease/transfer more than the Sector ACE, as adjusted by transfers, for any allocated groundfish stock.