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with an Individual Transferable Quota (ITQ) system is considered to be effective for reducing overcapacity, and ingly, accomplishing the efficiency of fishing activities.
Individual transferable quotas (ITQs) are a type of catch share system, which is a tool used by some governments to manage fisheries.
A fishing quota is simply the number of fish that a governing body decides can be caught over a given time. Fishing quotas exist for everything from albacore to zander and come in many different flavors.
Individual transferable quotas (ITQs) are an economic fisheries tool that allows individuals to catch a certain amount of fish. Specifically, they provide fishers with exclusive and transferrable rights to catch a percentage of the total catch allowed for a certain fish stock.
Individual fishing quotas (IFQs) are a type of catch share, a means by which the U.S. government regulates fishing.
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The Pacific halibut and sablefish IFQ Program is now the largest catch-share program in the United States. The IFQ Program was developed to address issues associated with the race-for-fish that had resulted from the open-access and effort control management of the halibut and sablefish fisheries.
The total allowable catch (TAC) is a catch limit set for a particular fishery, generally for a year or a fishing season.
An Individual Transfer Quota (ITQ) is a quota imposed to limit the output of a good or service. ITQs are commonly used in the fishing industry, where there are concerns about over-fishing and maintaining the sustainability of fish species.
The regulator sets a species-specific total allowable catch (TAC), typically by weight and for a given time period. A dedicated portion of the TAC, called quota shares, is then allocated to individuals. Quotas can typically be bought, sold and leased, a feature called transferability.
ITQs are most commonly used in the fishing industry. In this example, an ITQ is a permit to harvest a certain amount of fish per species each year. A quota is granted to fishermen based on catch sizes in previous years. Quota holders are given catch limits based on the sustainability of the fish species.

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