How are Catcher/Processor standard prices assessed?
NMFS developed an ex-vessel value methodology that calculates, as closely as possible by month and port or port-group, the variations in the actual ex-vessel values of CR crab landings based on information provided by shoreside buyers which includes (1) landed pounds by CR crab species, port-group, and month; (2) total ex-vessel value by CR crab species, port-group, and month; and (3) price adjustments, including any retro-payments. NMFS cannot implement standard price calculations more often than annually due to confidentiality issues and administrative constraints. Therefore, CPs will be responsible for calculating their fee liability at the end of a crab fishing year based on the current year’s CP standard prices as provided to them by RAM. Each CP will be responsible for retaining their own estimated fees up to 3 percent of their estimated ex-vessel value until the end of the crab fishing year and must submit their actual fees based on the CP standard prices provided by RAM. CP sta
