AGREEMENT in the form of an exchange of letters between the European Economic Community and the Republic of Iceland concerning fisheries

Oporto, 2 May 1992.

Sirs,

The signature of the Agreement on the European Economic Area has given Iceland and the Community the opportunity to examine appropriate means to reinforce their cooperation in the fisheries sector.

In this connection they have decided to conclude an Agreement on fisheries and the marine environment.

Under this Agreement Iceland will allocate to the Community fishing possibilities in the Icelandic Economic Zone corresponding to 3 000 tonnes of redfish equivalents. This will in 1993 consist of a quota for a directed fishery for redfish and of by-catches (no cod allowed) in exchange for a quota of 30 000 tonnes of capelin from the Community to be allocated under its Agreement on fisheries with the Government of Denmark and the local Government of Greenland. The composition of the quota in subsequent years may be altered by agreement in the light of further scientific research into the grenadier stocks.

The quota allocated to the Community shall be fished in areas of the Icelandic economic zone defined by straight lines connecting the following coordinates:

I. SOUTH-WEST

1. 63掳12'N 23掳05'W SW to 62掳00'N 26掳00'W 2. 62掳58'N 22掳25'W 3. 63掳06'N 21掳30'W 4. 63掳03'N 21掳00'W from there, 180掳SW

II. SOUTH-EAST

1. 63掳10'N 17掳00'W from there, 180掳 2. 63掳36'N 14掳30'W 3. 63掳53'N 13掳30'W 4. 63掳50'N 13掳10'W 5. 63掳40'N 13掳10'W 6. 62掳58'N 11掳15'W

If the areas delimitated in I and II prove not to be adequate for economical fishing activities as foreseen above, the Parties shall agree on necessary adjustments of these areas.

The quota allocated to Iceland may be fished within the Greenland fisheries zone or in the Icelandic economic zone.

In order for either Party to allocate to the other Party fishing possibilities in its fishery zone, the Fisheries Agreement between Iceland and the Community shall be concluded as soon as possible and well before 31 December 1992. The Agreement shall also contain provisions regarding the conditions under which the fishing possibilities may be utilized. These would include the issuing of a limited number of fishing permits to trawlers, other than factory trawlers, for a defined period of the year (July to December), notification on arrival in and departure from the fisheries zone of the other Party, observation of all conservation measures applicable to vessels of the other Party, including the obligation, when required by the Party in whose zone the fishing takes place, to have an inspector on board at the vessel's expense while within the fisheries zone of the other Party.

I propose that further negotiations be based on the draft which has already been established between the Parties (Annex).

I should be grateful if you would confirm the agreement of the European Economic Community to the undertaking set out above.

Please accept, Sirs, the assurance of my highest consideration.

Les ruego acepten, se帽ores, el testimonio de mi mayor consideraci贸n.

Modtag, mine herrer, forsikringen om min mest udm忙rkede h酶jagtelse.

Genehmigen Sie, sehr geehrte Herren, den Ausdruck meiner ausgezeichnetsten Hochachtung.

脨谩帽谩锚谩毛镁 盲氓梅è氓脽么氓, 脢媒帽é茂é, 么ç 盲é谩芒氓芒谩脽霉贸ç 么ç貌 玫酶脽贸么ç貌 氓锚么é矛脼贸氓镁貌 矛茂玫.

Veuillez agréer, Messieurs, l'assurance de ma très haute considération.

Vogliano accettare, Signori, l'espressione della mia profonda stima.

Gelieve, mijne heren, de verzekering van mijn zeer bijzondere hoogachting te aanvaarden.

Queiram aceitar, Excelent铆ssimos Senhores, a express茫o da minha mais elevada consideraç茫o.

For the Government of the Republic of Iceland

Por el Gobierno de la Rep煤blica de Islandia

For regeringen for Republikken Island

F眉r die Regierung der Republik Island

脙é谩 么ç铆 锚玫芒脻帽铆ç贸ç 么ç貌 脛ç矛茂锚帽谩么脽谩貌 么ç貌 脡贸毛谩铆盲脽谩貌

Pour le gouvernement de la république d'Islande

Per il governo della Repubblica d'Islanda

Voor de Regering van de Republiek IJsland

Pelo Governo da Rep煤blica da Isl芒ndia

Oporto, 2 May 1992.

Sirs,

I have the honour to acknowledge receipt of your letter of today's date which reads as follows:

'The signature of the Agreement on the European Economic Area has given Iceland and the Community the opportunity to examine appropriate means to reinforce their cooperation in the fisheries sector.

In this connection they have decided to conclude an Agreement on fisheries and the marine environment.

Under this Agreement Iceland will allocate to the Community fishing possibilities in the Icelandic economic zone corresponding to 3 000 tonnes of redfish equivalents. This will in 1993 consist of a quota for a directed fishery for redfish and of by-catches (no cod allowed) in exchange for a quota of 30 000 tonnes of capelin from the Community to be allocated under its Agreement on fisheries with the Government of Denmark and the local Government of Greenland. The composition of the quota in subsequent years may be altered by agreement in the light of further scientific research into the grenadier stocks.

The quota allocated to the Community shall be fished in areas of the Icelandic economic zone defined by straight lines connecting the following coordinates:

I. SOUTH-WEST

1. 63掳12'N 23掳05'W SW to 62掳00'N 26掳00'W 2. 62掳58'N 22掳25'W 3. 63掳06'N 21掳30'W 4. 63掳03'N 21掳00'W from there, 180掳SW

II. SOUTH-EAST

1. 63掳10'N 17掳00'W from there, 180掳 2. 63掳36'N 14掳30'W 3. 63掳53'N 13掳30'W 4. 63掳50'N 13掳10'W 5. 63掳40'N 13掳10'W 6. 62掳58'N 11掳15'W

If the areas delimitated in I and II prove not to be adequate for economical fishing activities as foreseen above, the Parties shall agree on necessary adjustments of these areas.

The quota allocated to Iceland may be fished within the Greenland fisheries zone or in the Icelandic economic zone.

In order for either Party to allocate to the other Party fishing possibilities in its fishery zone, the Fisheries Agreement between Iceland and the Community shall be concluded as soon as possible and well before 31 December 1992. The Agreement shall also contain provisions regarding the conditions under which the fishing possibilities may be utilized. These would include the issuing of a limited number of fishing permits to trawlers, other than factory trawlers, for a defined period of the year (July to December), notification on arrival in and departure from the fisheries zone of the other Party, observation of all conservation measures applicable to vessels of the other Party, including the obligation, when required by the Party in whose zone the fishing takes place, to have an inspector on board at the vessel's expense while within the fisheries zone of the other Party.

I propose that further negotiations be based on the draft which has already been established between the Parties (Annex).

I should be grateful if you would confirm the agreement of the European Economic Community to the undertaking set out above.'

I have the honour to confirm that the European Economic Community is in agreement with the contents of your letter.

Le ruego acepte, se帽or, el testimonio de nuestra mayor consideraci贸n.

Modtag, hr., forsikringen om vor mest udm忙rkede h酶jagtelse.

Genehmigen Sie, sehr geehrter Herr, den Ausdruck unserer ausgezeichnetsten Hochachtung.

脨谩帽谩锚谩毛镁 盲氓梅è氓脽么氓, 脢媒帽é氓, 么ç 盲é谩芒氓芒谩脽霉贸ç 么ç貌 玫酶脽贸么ç貌 氓锚么é矛脼贸氓镁貌 矛谩貌.

Please accept, Sir, the assurance of our highest consideration.

Veuillez agréer, Monsieur, l'assurance de notre très haute considération.

Voglia accettare, Signore, l'espressione della nostra profonda stima.

Gelieve, mijnheer, de verzekering van onze zeer bijzondere hoogachting te aanvaarden.

Queira aceitar, Excelent铆ssimo Senhor, a express茫o da nossa mais elevada consideraç茫o.

En nombre del Consejo de las Comunidades Europeas

P氓 vegne af R氓det for De Europ忙iske F忙llesskaber

Im Namen des Rates der Europ盲ischen Gemeinschaften

脜卯 茂铆眉矛谩么茂貌 么茂玫 脫玫矛芒茂玫毛脽茂玫 么霉铆 脜玫帽霉冒谩煤锚镁铆 脢茂é铆茂么脼么霉铆

On behalf of the Council of the European Communities

Au nom du Conseil des Communautés européennes

A nome del Consiglio delle Comunit脿 europee

Namens de Raad van de Europese Gemeenschappen

Em nome do Conselho das Comunidades Europeias