What are the types of quota share?
There are four types of harvesting Quota Share (QS) depending on how the shares were initially earned. “C” or “Crew” shares were initially issued to persons who historically held CFEC crab permits, and signed fish tickets for qualifying landings. CVC Crew shares were based on qualifying pounds delivered raw, and CPC QS is based on qualifying landings processed at sea. “O” or Owner” QS was initially issued to persons who held License Limitation Program (LLP) crab permits and had qualifying landings. CVO shares were based on qualifying pounds delivered raw, and CPO shares are derived from qualifying landings processed at sea. Annual IFQ derived from Owner and Crew quota shares have different use privileges.
There are five types of harvesting Quota Share (QS) depending on how the shares were initially earned. • “C” or “Crew” shares were initially issued to persons who historically held CFEC crab permits, and signed fish tickets for qualifying landings. CVC Crew shares were based on qualifying pounds delivered raw. • CPC QS was based on qualifying landings processed at sea. • “O” or “Owner” QS was initially issued to persons who held License Limitation Program (LLP) crab permits and had qualifying landings. CVO shares were based on qualifying pounds delivered raw. • CPO shares were derived from qualifying landings processed at sea. Annual IFQ derived from Owner and Crew quota shares have different use privileges. • Converted CPO QS is created by combining North PQS and North CVO QS.
