The process of documenting unit allocations on vessel licences was undertaken by the relevant fisheries management agencies.
This involves the allocation of percentage quota shares each year mainly to groups of vessels, although some individual vessel allocations are made by Government in the case of pelagic and distant water stocks.
The initial allocation of TAC shares to individual vessels varies somewhat between fisheries.
The advantage of using convoys was that defenseless merchant vessels no longer need traverse the high seas alone and unprotected, but could travel in groups large enough to justify the allocation of scarce destroyers and other patrol vessels to escort them across the Atlantic.
It further states that the allocation of ITQs to individual firms and vessels does not give irrevocable property rights in these TAC shares.
Owned by Peter LaMonica, Cape May Foods owns or leases five clamming vessels and controls the allocation of 1.7 million bushels of quahogs and 680,000 bushels of surf clams.
Hundreds of vessels were sunk.
In the cases of vessels that were disabled, an "imputation" procedure was undertaken to determine an equivalent catch that could be used for quota allocation purposes.
Identification of vessels.
To meet a new set of challenges the current licensing system based on the allocation of non-transferable, variable duration licences to individual vessels is being replaced by a system of long-term individual transferable rights owned by Falkland Islanders.
