Decree No. 741 to regulate fishing for shrimps by vessels of Iceland in the territorial waters and inner waters of Svalbard.

Only one vessel flying the flag of Iceland shall have access to shrimp fishing in the territorial waters and inner waters of Svalbard. The same vessel shall be the only vessel admitted to fishing for shrimp in these waters and the fisheries protection zones around Svalbard combined (sect. 1). The vessel which participates in shrimp fishing shall first register with the Directorate of Fisheries through notification. The Directorate may issue further directions regarding registration (sect. 2). Infringements of the provisions of the present Decree shall be punished in accordance with sections 8 and 9 of Act No. 91 of 1976 establishing the Norwegian Economic Zone. The amendment of section 1 allows the vessel to fish for a total of 70 days per calendar year in all the fishing areas combined. The amendment of section 2 allows for the transfer of the right of the admitted vessel to participate to another registered vessel.