Common use of Additional Measures to Prevent ACE Overages Clause in Contracts

Additional Measures to Prevent ACE Overages. The Sector Manager will provide Sector Members with a monthly report detailing their remaining Individual ACE for each stock and the remaining Sector ACE for each stock for the Sector. In addition, when an individual Member’s remaining Individual ACE reaches less than 50 percent for any stock, or when the Sector’s remaining Sector ACE for a stock reaches less than 50 percent, the Sector Manager will provide Members with a report detailing their remaining Individual ACE and the Sector’s remaining Sector ACE at the conclusion of each trip. In addition, Sector members will be notified when the Sector ACE reaches 80 percent of the ACE for any stock, or when, for two consecutive weekly reporting periods 20 percent or more of the remaining portion of the Sector ACE is harvested, which ever occurs first. When either trigger point is reached, sector reporting to NMFS will be changed to daily. An alternative threshold for increasing reporting frequency may be implemented during FY 2010 if agreed upon by the Sector and NMFS. Sector Members agree to adjust their fishing operations to avoid exceeding their Individual ACE and the Sector ACE. Members shall stop fishing prior to exceeding their allocation (unless they acquire additional Individual ACE). If the Sector ACE for a stock is exceeded, the sector must cease operations in that stock area until it can acquire additional ACE through a transfer with another Sector to balance the catch, and the sector also must comply with other overage penalties that may be applicable.

Additional Measures to Prevent ACE Overages. The Sector Manager will provide Sector Members with a monthly report detailing their remaining Individual ACE for each stock and the remaining Sector ACE for each stock for the Sector. In addition, when an individual Member’s remaining Individual ACE reaches less than 50 percent for any stock, or when the Sector’s remaining Sector ACE for a stock reaches less than 50 percent, the Sector Manager will provide Members with a report detailing their remaining Individual ACE and the Sector’s remaining Sector ACE at the conclusion of each trip. In addition, Sector members will be notified when the Sector ACE reaches 80 percent of the ACE for any stock, or when, for two consecutive weekly reporting periods 20 percent or more of the remaining portion of the Sector ACE is harvested, which ever occurs first. When either trigger point is reached, sector reporting to NMFS will be changed to daily. An alternative threshold for increasing reporting frequency may be implemented during FY 2010 2011 if agreed upon by the Sector and NMFS. Sector Members agree to adjust their fishing operations to avoid exceeding their Individual ACE and the Sector ACE. Members shall stop fishing prior to exceeding their allocation (unless they acquire additional Individual ACE). If the Sector ACE for a stock is exceeded, the sector must cease operations in that stock area until it can acquire additional ACE through a transfer with another Sector to balance the catch, and the sector also must comply with other overage penalties that may be applicable.

Additional Measures to Prevent ACE Overages. The Sector Manager will provide Sector Members with a monthly report detailing their remaining Individual ACE for each stock and the remaining Sector ACE for each stock for the Sector. In addition, when an individual Member’s remaining Individual ACE reaches less than 50 percent for any stock, or when the Sector’s remaining Sector ACE for a stock reaches less than 50 percent, the Sector Manager will provide Members with a report detailing their remaining Individual ACE and the Sector’s remaining Sector ACE at the conclusion of each trip. In addition, Sector members will be notified when the Sector ACE reaches 80 percent of the ACE for any stock, or when, for two consecutive weekly reporting periods 20 percent or more of the remaining portion of the Sector ACE is harvested, which ever whichever occurs first. When either trigger point is reached, sector reporting to NMFS will be changed to daily. An alternative threshold for increasing reporting frequency may be implemented during FY 2010 2011 if agreed upon by the Sector and NMFS. Sector Members agree to adjust their fishing operations to avoid exceeding their Individual ACE and the Sector ACE. Members shall stop fishing prior to exceeding their allocation (unless they acquire additional Individual ACE). If the Sector ACE for a stock is exceeded, the sector must cease operations in that stock area until it can acquire additional ACE through a transfer with another Sector to balance the catch, and the sector also must comply with other overage penalties that may be applicable.