Alaskan Quota and Permits - LLP Permits - License Limitation Program Permits.

1. COULD YOU EXPLAIN THE BREAKDOWN OF A BLOCK DESCRIPTION?

2CCB =	2C	C	B
BLOCK DESCRIPTION	AREA	VESSEL CLASS	BLOCKED

2CCU =	2C	C	U
BLOCK DESCRIPTION	AREA	VESSEL CLASS	UNBLOCKED

2. WHAT ARE HALIBUT AREAS & WHAT ARE BLACKCOD AREAS?

HALIBUT AREAS:

2C, 3A, 3B, 4A, 4B, 4C, 4D, 4E

BLACKCOD AREAS:

SE, WY, CG, WG, AI, BS

3.WHAT DOES THE QUOTA SHARE "CLASS" DEFINE?

QUOTA SHARES ARE RATED BY "CLASS" ACCORDING TO THE SIZE OF VESSEL THEY MAY BE FISHED ON.

"A" CLASS	VESSEL LENGTH	ANY LENGTH	= FREEZER SHARES
"B" CLASS	VESSEL LENGTH	OVER 60'	-
"C" CLASS	VESSEL LENGTH	35.1' to 60'	-
"D" CLASS	VESSEL LENGTH	0' to 35'	-

NOTE: ANY OF THESE CAN BE "FISHED DOWN" TO A LOWER CLASS:

"A" CLASS CAN BE FISHED ON ANY SIZE OF VESSEL & ARE THE ONLY "LEASE ABLE" QUOTA SHARES.

"B" CLASS QUOTA CAN BE FISHED DOWN ON A "B", "C" OR "D" VESSEL (EXCEPT IN AREA 2C & SE).

"C" CLASS QUOTA CAN BE FISHED DOWN ON A "C" & "D" VESSEL.

"D" CLASS QUOTA CAN ONLY BE FISHED ON A "D" VESSEL.

4. HOW MANY BLOCKS CAN YOU HAVE ?

YOU MAY HOLD 2 BLOCKS IN EACH AREA FOR EACH FISHERY (HALIBUT OR BLACKCOD). THERE IS TWO TYPES OF BLOCKS (CERTIFICATES) BLOCKED OR UNBLOCKED. EXCEPTION TO THE RULE IS THE "NEW 3 BLOCKED BLOCK RULE AMENDMENT" WHICH APPLIES TO HALIBUT AREAS 2C & 3A ONLY. NEW AMENDMENT RULE.

AS AN EXAMPLE THINK OF EACH PERSON HAVING TWO SLOTS (EXCEPT BLOCK OPTION 2 "NEW 3 BLOCKED BLOCK RULE AMENDMENT") TO FILL IN EACH AREA AND IF THEY FILL ONE OF THESE SLOTS WITH UNBLOCKED, THEN THAT DOOR OF THE SLOT REMAINS OPEN AND THEY CAN CONTINUE TO ADD MORE QUOTA IN THAT UNBLOCKED SLOT AND/OR SELL IT IN ANY SIZE PIECES.

SEE DIAGRAMS BELOW FOR ILLUSTRATED BLOCK OPTIONS:

BLOCK OPTION 1 :

TWO BLOCKED BLOCKS RULE. EXCEPTION TO THE RULE IS THE "NEW 3 BLOCKED BLOCK RULE AMENDMENT" WHICH APPLIES TO HALIBUT AREAS 2C & 3A ONLY.

BLOCKED BLOCK:

A BLOCKED BLOCK WILL ALWAYS REMAIN THE SAME SIZE AS WHEN YOU ACQUIRED IT. IF YOU ACQUIRE TWO "BLOCKED BLOCKS" YOU ARE THEN BLOCKED OUT IN THAT AREA. EXCEPTION TO THE RULE IS THE "NEW 3 BLOCKED BLOCK RULE AMENDMENT" WHICH APPLIES TO HALIBUT AREAS 2C & 3A ONLY (SEE BLOCK OPTION 2).

BLOCK OPTION 2 :

THE NEW "3 BLOCKED BLOCK RULE AMENDMENT" WHICH APPLIES TO HALIBUT AREAS 2C & 3A ONLY.

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BLOCKED BLOCK:

NEW 3 BLOCKED BLOCK RULE AMENDMENT APPLIES TO HALIBUT AREAS 2C & 3A ONLY AND ONLY APPLIES TO QUOTA SHARE HOLDERS WHO DO NOT HOLD UNBLOCKED QUOTA SHARES.

A BLOCKED BLOCK WILL ALWAYS REMAIN THE SAME SIZE AS WHEN YOU ACQUIRED IT. IF YOU ACQUIRE THREE "BLOCKED BLOCKS" YOU ARE THEN BLOCKED OUT IN THAT AREA.

NOTE: IF YOU HOLD UNBLOCKED QUOTA SHARES "STATUS QUO" APPLIES. (SEE BLOCKED OPTION 3)

BLOCKED OPTION 3 :

ONE BLOCKED BLOCK & ONE UNBLOCKED RULE.

UNBLOCKED BLOCK:

A UNBLOCKED BLOCK IS A BLOCK THAT YOU CAN ADD OTHER "UNBLOCKED BLOCKS" TO UNTIL YOU REACH THE CAP FOR OWNERSHIP (THERE IS ALSO A VESSEL CAP). UNBLOCKED QUOTA CAN BE SPLIT UP AND SOLD IN ANY SIZE YOU CHOOSE TO SPLIT IT INTO. YOU CAN ALSO ACQUIRE DIFFERENT CLASS SIZES OF "UNBLOCKED QUOTA" ("A","B","C", "D") AND HOLD THEN IN THE SAME UNBLOCKED SLOT.

AS AN EXAMPLE THINK OF EACH PERSON HAVING TWO SLOTS TO FILL IN EACH AREA AND IF THEY FILL ONE OF THESE SLOTS WITH UNBLOCKED, THEN THAT DOOR OF THE SLOT REMAINS OPEN AND THEY CAN CONTINUE TO ADD MORE QUOTA IN THAT UNBLOCKED SLOT AND/OR SELL IT IN ANY SIZE PIECES.

5. WHAT IS A BLOCK BASED ON?

EACH BLOCK IS BASED ON UNITS, EACH YEAR THOSE UNITS REPRESENT A POUNDAGE THAT IS BASED ON THAT YEARS TAC. THUS, THE POUNDAGE CAN GO UP AND DOWN EACH YEAR BUT THE UNITS ALWAYS REMAIN THE SAME.

EXCEPTION: IF THE UNITS ARE UNDER THE MAXIMUM SWEEP RANGE THEN YOU CAN SWEEP SMALLER BLOCKS TOGETHER INTO ONE BLOCK THAT WOULD THEN BE A NEW BLOCKED BLOCK. EACH AREA HAS A DIFFERENT MAXIMUM SWEEP SIZE, WHICH IS BASED ON UNITS.

6. WHAT ARE THE NEW SWEEP UNITS FOR HALIBUT AREAS 2C & 3A ONLY?

2C MAX SWEEP UNITS =	33,320 UNITS	(EQUAL TO 4,671# IN 2007)
3A MAX SWEEP UNITS =	46,520 UNITS	(EQUAL TO 6,591# IN 2007)

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THIS MEANS YOU CAN ADD TOGETHER MULTIPLE "BLOCKED" CERTIFICATES (SWEEP TOGETHER) INTO ONE CERTIFICATE AS LONG AS THE TOTAL UNITS DO NOT ADD UP TO OVER MAXIMUM SWEEP UNITS, AS LISTED ABOVE. ONCE SWEPT TOGETHER, IT IS PERMANENT AND CANNOT BE UN-SWEPT.

7. WHAT IS UNDERAGE?

UNDERAGE IS UNDER-FISHED QUOTA (CARRY-OVER FROM LAST YEAR). ANY "UNFISHED AMOUNT" UP TO 10% OF YOUR "TOTAL QUOTA" CAN BE CARRIED OVER TO THE NEXT YEAR. ALTHOUGH THIS AMOUNT MAY BE ADJUSTED BY ANY SALES OR PURCHASES MADE DURING THE YEAR.

8. WHAT IS OVERAGE?

OVERAGE US OVER-FISHED QUOTA. YOU ARE ALLOWED TO OVERFISH YOUR QUOTA BY NO MORE THAN 10% OF THE "CURRENT" REMAINING UNFISHED AMOUNT. ANY AMOUNT OVER-FISHED WILL BE DEDUCTED OFF THE NEXT YEARS QUOTA (ANNUAL FISHING PERMIT).

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DISCLAIMER:

The information above is to help provide answers to FREQUENTLY ASKED QUESTIONS, Petersburg Fishermen's Services, INC. dba ALASKAN QUOTA AND PERMITS makes NO CLAIMS OF ACCURACY on the above interpretation of the rules and regulations. Petersburg Fishermen's Services, INC. dba ALASKAN QUOTA AND PERMITS recommends that you obtain your own legal counsel to review the actual rules and regulations of the IFQ Program (50 CFR, Part 676 ("The IFQ Program") and any of the amendments to the "IFQ Program". Petersburg Fishermen's Services, INC. dba ALASKAN QUOTA AND PERMITS shall not be held liable for any inaccuracies, or for any actions taken on the information provided. It is the sole responsibility of the reader. Petersburg Fishermen's Services, INC. dba ALASKAN QUOTA AND PERMITS shall not incur no liability whatsoever.