Protocol establishing the fishing rights and financial compensation provided for in the Agreement between the European Economic Community and the Republic of Cape Verde on fishing off the coast of Cape Verde.

Pursuant to article 2 of the Agreement, the Protocol establishes the fishing rights and financial compensation for fishing off the coast of Cape Verde by the Community vessels. Pursuant to Article 2 of the Agreement, fishing possibilities shall be accorded: highly migratory species:- freezer tuna seiners: 37 vessels,- pole-and-line tuna vessels: 10 vessels,- surface longliners: 26 vessels;other species:- bottom longliners: three vessels, each with a tonnage of less than 210 GRT. For the period referred to in Article 1, the financial compensation (article 7) of the Agreement shall be ECU 1 086 000.
The Community shall also contribute during the period referred to in Article 1 to the financing of scientific or technical programmes. In Annex I are indicated the conditions for the licence application and issuing formalities. The Community authorities shall present to the Office of the Ministry for Fisheries of Cape Verde, via the Delegation of the European Commission in Cape Verde, an application. Licences shall be valid for one year, renewable. The fee shall be ECU 20 per tonne caught within the Cape Verde fishing zone. A statement of catch shall be completed. Community vessels may carry out fishing activities in the following zones:- beyond 12 miles for tuna seiners and surface longliners, - beyond six miles for pole-and-line tuna vessels. (7 articles and 1 Annex)