individual quota

individual quota
a quota, e.g. a percentage, of a total allowable catch assigned to an individual, a vessel or a company, with the numbers of the latter limited too. A quota for a company and its fleet of vessels is usually called an enterprise allocation. Also called individual fishing quota and individual fishing share. This quota is supposed to give fishers a feeling of stock ownership by guaranteeing their share of the catch, eliminating competition in gear and effort to catch the biggest share of the catch. It therefore encourages conservation, cuts fishing costs, and fishing is directed to the best quality and prices. Results have been mixed as high grading (q.v.) may occur. Abbreviated as IQ or IFQ

Dictionary of ichthyology. 2009.

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Look at other dictionaries:

  • individual fishing quota — individual quota …   Dictionary of ichthyology

  • individual fishing share — individual quota …   Dictionary of ichthyology

  • quota — amount of catch or harvest allocated in a time period by a governmental authority. It may refer to a fishery as a whole or to the amount allocated to an individual (individual quota) or company of the total allowable catch, q.v., from a stock.… …   Dictionary of ichthyology

  • quota share — a permit with a face value used as a basis for the annual calculation of a person s individual quota …   Dictionary of ichthyology

  • Quota — may refer to:Affirmative action * Racial quota * Reservations in India * Quotas in PakistanComputing * Disk quota * Download quota * Upload quotaElectoral systems * Election threshold * Droop quota * Hagenbach Bischoff quota * Hare quota *… …   Wikipedia

  • Individual transferable quota — Individual transferable quotas (ITQs) are one of many fishery rationalization instruments. They are defined under the Magnuson Stevens Fishery Conservation and Management Act as limited access permits to harvest quantities of fish. Fisheries… …   Wikipedia

  • Individual fishing quota — Individual fishing quotas (popularly abbreviated to IFQ ) are one kind of catch share, a means by which many governments have tried to regulate fishing. Due to the widely recognized decimation of wild fish populations, governments set a species… …   Wikipedia

  • individual transferable quota — (ITQ) A management tool by which the total allowable catch, TAC quota is allocated to individual fishers or companies. These individuals or companies have long term rights over this quota and are able to trade quota with others; see also quota …   Fisheries — dictionary

  • Individual Transfer Quota - ITQ — A quota, imposed on individuals or firms by a governing body, that limits the production of a good or service. If the entity does not produce the maximum amount as set out by the quota, they may transfer the remaining portion of the quota to… …   Investment dictionary

  • Quota share — A quota share is a specified number or percentage of the allotment as a whole (quota), that is prescribed to each individual entity (see Non tariff barriers to trade).For example, the US imposes an import quota on cars from Japan. The Japanese… …   Wikipedia

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