American Fisheries Act definition
Examples of American Fisheries Act in a sentence
The 1998 American Fisheries Act, ("the Act"), provides that, after an allocation of ten percent (10%) of the total allowable catch of ▇▇▇▇▇▇▇ in the Bering Sea and Aleutian Islands Management Area to the Western Alaska community development quota program and certain bycatch reserves, forty percent (40%) of the remaining quota is allocated to catcher/processors and catcher vessels harvesting ▇▇▇▇▇▇▇ for processing by catcher/processors.
Except with respect to the "foreign flag vessels" described on Disclosure Schedule 3.24(a), and subject to the effect, if any, on certain vessels of the American Fisheries Act of 1998 and the regulations issued by MADRA implementing such Act as disclosed on Disclosure Schedule 3.24(a), all security interests in and to documented vessels comprising Portfolio Property constitute preferred mortgages satisfying all applicable requirements of the Ship Mortgage Act (46 U.S.C. ss.
Such Purchaser is a “Citizen” of the United States of America, as that term is defined in and for the purposes of Article VIII of the Company’s Articles of Incorporation, Section 2 of the Shipping Act, 1916, as amended, and Section 202 of the American Fisheries Act of 1998, as amended, and has simultaneously herewith executed and delivered to the Seller and the Company a Citizenship Affidavit, the contents of which are true, accurate and complete in all respects.
Two commenters suggested that 46 CFR 356.47(b) be revised to clarify that the restrictions imposed by Section 307 apply to all the vessels listed in paragraphs (1) through (20) of section 208(e) of the American Fisheries Act (non-Amendment 80 AFA catcher- processor vessels) regardless of which large vessel exemption the vessel falls under in 46 U.S.C. 12113(d)(2) in order to preserve the statutory distinction between the AFA and Amendment 80 sectors.