🦀Fee Adjustment in Bering Sea Crab Fisheries
Fishing Capacity Reduction Program for the Bering Sea and Aleutian Islands King and Tanner Crab Fisheries
Summary
NMFS issues this notice to decrease the fee rate to 1 percent for the Bristol Bay red king crab reduction endorsement fishery to repay the $17,129,957.23 subloan of the $97,399,357.11 reduction loan to finance the Bering Sea/Aleutian Islands (BSAI) King and Tanner crab fishing capacity reduction program. The fee rates for the other reduction endorsement fisheries within the BSAI King and Tanner crab fishing capacity reduction program remain unchanged at 5 percent.
Agencies
- Commerce Department
- National Oceanic and Atmospheric Administration
Business Impact
$$ - Med
The notice adjusts fishing fee rates, decreasing the Bristol Bay red king crab reduction endorsement fishery fee from 2.5% to 1%. This impacts financial planning and cost structures for businesses involved in this fishery, ensuring timely loan repayments. Compliance with the new fee structure is necessary for stakeholders.