Wednesday, July 27th, 2011
Many who have Quota Share (QS) Accounts have been transferring quota pounds (QP) from those accounts into Vessel Accounts as needed, when landings are made. In an effort to increase the likelihood the QP issued under the Shorebased IFQ Program are made available to the fishery, the Council included a provision to require that all QP be transferred to Vessel Accounts by September 1 of each year. Those who have been transferring quota pounds from their QS accounts on an as needed basis should be aware of this provision and take actions by September 1 to avoid possible loss of access to those QP after that date. QP transferred to a Vessel Account may be transferred to other Vessel Accounts but not back to the original QS accounts. Read the July 27, 2011 NMFS Public Notice on this issue.
SHARE THIS: