What is IFQ?
IFQ is the pounds of crab that QS yields each year. It is determined by number of QS units held and the annual crab total allowable catch amount (TAC). The QS holder or a hired master can fish IFQ. IFQ may be assigned to a cooperative. IFQ that is based on QS issued to LLP License holders can be leased until June 30, 2010. IFQ that is based on QS issued to crew can be leased under special exemptions for medical hardships and the physical loss of a vessel on which the IFQ holder uses the IFQ.
