The quota system in IcelandThe total allowable catch (TAC) is set by the Minister of Fisheries and based on the recommendation from the Marine Research Institute (MRI)
All commercial fishing activities are subject to these quotas.
Fishing vessels are allocated a fixed quota share of the species subject to TAC. The combined quota share for all vessels amounts to 100% of each species.
The quotas were initially allocated on the basis of catch history prior to the institution of the quota system.
The quota share is multiplied by the TAC to give the quantity which each vessel is concerned during the fishing year in question. This is refered to as the vessel´s catch quota.
Permanent quota shares and annual catch quotas are divisible and transferable to other fishing vessels. The allocation of quotas is subject to a fishing fee.
Individual enterprises may not control more than the equivalent of 12% of the value of the total quotas allocated for all species, and 12% to 35% for individual species.
Samherji's catch quota in Iceland, fishing year 2004-2005:
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* Modeled upon 225.000 ton commencement quota
** Total quota allocated in the year 2004 is 713.000 tons
Samherji's catch quota in Iceland, fishing year 2003-2004:
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* Modeled upon 545.000 ton quota
Samherji's catch quota in Iceland, fishing year 2002-2003:
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* Modeled upon 850.000 ton quota
** Modeled upon a provisional distribution
Samherji's catch quota in Iceland, fishing year 2001-2002:
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* Proportion of total Icelandic quota
** These numbers are relative to calendar year
Samherji's catch quota in Iceland, fishing year 2000-2001:
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* Proportion of total Icelandic quota
** These numbers are relative to calendar year
Samherji's catch quota in Iceland, fishing year 1999-2000:
| -Species: | -Tons: | -Cod units: |
| Cod | 10.084 | 10.084 |
| Haddock | 1.097 | 1.261 |
| Pollock | 850 | 553 |
| Perch | 4.752 | 2.852 |
| Catfish | 119 | 83 |
| Ocean Perch | 6.793 | 4.076 |
| Greenland Halibut | 901 | 1576 |
| Lemmon Sole | 39 | 43 |
| Herring | 11.090 | 1.331 |
| Shrimp | 1.578 | 1.657 |
| Norwegian Herring | 16.003 | 1.920 |
| Capelin | 92.242 | 4.612 |
| Shrimp (Flemish Cap) | 622 | 653 |
| Overall: | 146.170 | 40.518 |
Samherji's catch quota in Iceland, fishing year 1998-1999:
| Species: | -Tons: | Cod units: |
| Cod | 10.277 | 10.277 |
| Haddock | 1.117 | 1.173 |
| Pollock | 864 | 562 |
| Perch | 5.148 | 3.604 |
| Catfish | 121 | 103 |
| Ocean Perch | 6.793 | 4.755 |
| Greenland Halibut | 901 | 1.937 |
| Lemmon Sole | 104 | 125 |
| Herring | 7.762 | 1.087 |
| Shrimp | 4.786 | 5.200 |
| Norwegian Herring | 16.003 | 2.240 |
| Capelin | 124.486 | 9.959 |
| Shrimp (Flemish Cap) | 455 | 546 |
| Overall: | 178.817 | 40.518 |