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DEVELOPMENT OF A FISHERIES MANAGEMENT SYSTEMIn the period since 1976 a fishery management system based on scientific recommendation has been developed for the fisheries in Iceland. In the early years, this was very much a learning process and total catches from some major stocks often exceeded recommendations by far leading to frequent changes in legislation and a series of adjustments. In recent years the catches have been controlled closely by a system of individual transferable quotas (ITQ). The first catch quotas in Iceland were established in the nephrops, inshore shrimp and Iceland scallop fisheries in 1973-1974. In 1975 individual quotas were introduced in the herring fishery and in 1980 in the capelin fishery. No such measures were in effect in the demersal fisheries. This is the story for the groundfish fisheries in brief: Worst of all, by 1983, the spawning stock of cod was estimated at an all time low, just over 200,000 tonnes, fishing mortality was very high and catches were 100,000 tonnes in excess of recommendations. 1984 Individual vessel quotas 1985-1990 Effort option Catches were still far beyond recommendations in this period and in excess of the TACs. TAC was also set beyond the scientific advice. The catch was difficult to control and there was much friction within the fishing industry between those that had opted for the effort based fishing and others that felt that fishery management based on individual vessel quotas was more effective. 1990 The Fisheries Management Act The fishing year for groundfish stocks was set from Sept 1 to Aug 31 in the following year rather than the calendar year. This was an effort to channel fishing away from the summer months, when quality suffers more quickly and regular factory workers are on vacation. Since 1991, a number of amendments have been made to the fisheries management system. In August 2006 the legislation was re-issued as Law nr 116/2006, thus including all the changes made to the original 1990 legislation. The Fisheries Management Act is the cornerstone of the fisheries management system. Latest update July 2007
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