Common use of Individual exceeding an Clause in Contracts

Individual exceeding an. individual allocation of a stock The Sector Manager will issue (and may ask NMFS to enforce) a temporary ‘Stop Fishing Order’ to any participating vessel that has fished 90% of its share for any stock until additional allocation for that stock has been acquired. The vessel owner will be responsible for acquiring additional ACE for that stock, first from within the Sector, and if none is available, then he will notify the Sector Manager to assist him in acquiring additional ACE of that stock from another sector at his own expense. If the Sector Manager is not able to acquire additional ACE of that stock then the Manager will issue a “stop fishing” order to the individual for that stock area where his vessel has exceeded his share.

Individual exceeding an. individual allocation of a stock The Sector Manager will issue (and may ask NMFS to enforce) a temporary ‘Stop Fishing Order’ to any participating vessel that has fished 90% of its share for any stock until additional allocation for that stock has been acquired. The vessel owner will be responsible for acquiring additional ACE for that stock, first from within the Sector, and if none is available, then he will notify the Sector Manager to assist him in acquiring additional ACE of that stock from another sector at his own expense. If the Sector Manager is not able to acquire additional ACE of that stock then the Manager will issue a “stop fishingfishing order” order for the duration of the fishing year to the that individual member for that stock area where his vessel has exceeded his share.