Strategies for management of fisheries
Reduce illegal fishing through catch documentation
These schemes help ensure that the catch is legal and traceable
RFMOs (regional fishery management organisations) work under mandates (assigned; under a territory) to conserve and rebuild fish stocks
The information can then be used to detect overfishing
Identify and register all fishing vessels with a single global system
The international Maritime Organization (IMO) number is the only unique and permanent vessel identifier that can provide an independent and continually updated audit trail of data
COFI (Cost of Fund Index) members agreed in 2014 that the IMO number should be used for the global record of fishing vessels
To date, 10 RFMOs and other regional organizations have mandated that larger vessels obtain and report IMO numbers
Temporary closures
Under stressful conditions (severe storms), corals can be more susceptible to diseases. In some instances, restricting activity or closing reef areas can be as important strategy for managers to minimize impacts of reefs during temporary increases in environmental stress or during periods of recovery
Catch share
Newest term used in fishery management systems
Dedicate a secure quasi-right to harvest a specific area or percentage of fishery's total allowable catch to individuals, communities or associations
They are different from traditional management as catch shares provide long-term secure privileges to participants
Quasi-property is a legal concept, in which some rights similar to ownership may accrue to a party who does an act which benefits society as a whole.
Individual fishing quotas
Used by government to regulate fishing
Regulator sets a species-specific total allowable catch, typically by weight and for a given time period
A dedicate portion of a quota is allocated to individuals
Quotas can be bought, sold or leased, a feature called transferability
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