Act No. 24 on catch value sharing.

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This Act sets the rules for calculating the “share value” of fish catches used for crew share payments, catch bonuses, and related remuneration in Icelandic fisheries. It specifies different percentage formulas depending on how the catch is sold or processed: unprocessed fish sold in Iceland, fresh fish sold in foreign ports, boxed iced fish transported abroad, and fish or shrimp frozen on board. The percentages are linked in some cases to fuel-price adjustments, and the Act authorises the minister to issue more detailed implementing rules.
Consolidated version as last amended by Act No. 44 of 5 April 2013.The current title of this Act was introduced by Act No. 44 of 5 April 2013. Its original title was Act on Catch Value Sharing and Payment Intermediation within the Fisheries Sector.
Title:
Act No. 24 on catch value sharing.
Country:
Iceland
Type of document:
Legislation
Date of original text:
Date of latest amendment:
Data source:
FAO, FAOLEX
Files:
ice244841.pdf
Repealed:
No
Implemented by
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