Protocol establishing the fishing possibilities and the financial compensation provided for in the agreement between the European Economic Community and the Government of the Republic of Guinea-Bissau on fishing off the coast of Guinea-Bissau for the period 16 June 1997 to 15 June 2001.

For a period of four years from 16 June 1997, the fishing possibilities granted pursuant to Article 4 of the Agreement shall be as follows: (a) freezer shrimp trawlers: 9,600 gross registered tonnes (grt) per year; (b) freezer fin-fish and cephalopod trawlers: 3,000 gross registered tonnes per year; freezer tuna seiners: 37 vessels; pole-and-line tuna vessels and surface longliners: 52 vessels. The financial compensation referred to in Article 9 of the Agreement shall be, for the period referred to in Article 1, ECU 34,000,000, payable in four annual instalments of ECU 8,500,000 each. During the period referred to in Article 1, the Community shall also contribute the amount of ECU 300,000 towards the financing of a Guinea-Bissau scientific or technical programme to improve information on the fishery resources with the exclusive economic zone of Guinea-Bissau and the functioning of the fisheries research laboratory. The relevant Community authorities shall present to the Ministry of Fisheries of the Republic of Guinea-Bissau, via the Commission Delegation in Guinea-Bissau, an application for each vessel wishing to fish under the Agreement, at least 20 days before the date on which the requested term of validity commences.