Decision No. 106 of 1989 on the subsidy, incentive and encouragement to marine fisheries

S.P.LA.J GENERAL SECRETARIAT OF MARINE WEALTH DECISION NO. 106 FOR THE YEAR 1989 CONCERNING SUBSIDY & ENCOURAGEMENT TO MARINE FISHERIES' Item 1 Parties in field of marine fisheries and oquaculturc to benefit from lhis decision • marine fisheries co-operatives • tasharukiat (business partnerships) • parties working in aquaculture as residents in Libya and members of c-peratives • State fishery companies with headquarters in Libya. Item 2 SMW body responsible for issuing subsidies through means specified in following items, using money allocated in its budget for this reason. Item3 SMW participation in purchase of fishing vessels and boats, new engines, and geor, equipment for fishing and aquaculture according to% mentioned in Tables I and 2 (see annex). Item 4 SMW may decide to offer loans fisheries co-operatives, national companies, tasltan,kiat • may also offer monetary assistance in case emergency. Item 5 SMW regional offices and co-op udminutrntive pcrso1U1cl will confer on purchase vuluc w1d then decide on wnounl of assistance either as loan or subsid}'. Item 6 Loan repayment schedule according to periods specified in Tables I and 2 (see annex). Item 7 SMW will transfer the funds for credit allocated in its budget lo special account in lhe Development Bank which will serve as an agency on its bcba1f to carry out all required procedures. Item 8 Loan collateral is the fishing era!\ being purchased. Item 9 ·Purchase assistance arrangements do not apply for craft more than 3 years~ priority given for newest craft. Items 10 -12 SMW 'subsidy committee' \o examine and process all papers, vessel specifications, etc. Item 13 Craft purchased with assistance not to be rented, sold, transferred to others before 5 years from date of purchase, and with .permisssion regional SMW otnces. Item 14 SMW can decide after proposal regional office to give incentives to co-op members who surpass average co-operative ,toductivity levels by I 5%. SMW may also provide compensation to c-p members who have suffered losses due to natural ::auses. Item 15 - 18 1otial security fund to be established at all regional SMW offices • procedures for administration • uses to help in cases of :emparary illness amonast fishers, croft wreck or loss, working accidents • sow-ce of fw1ds through membership fees, I% fee on loans given to fishers, co-operatives, SMW, other. Items 19 - 22 ,MW subsidies for fresh fish marketing costs, rates shown Table 3 (see annex)• Procedures to follow in qualifying for ubsidies for markew,a facilities. Item 23 Earlier decision of Congress of Ministers for subsidy and encouragement to the fisheries issued 20/10/1976 is voided. lloml4 .11i1 deoiaiCII i1 valid ftosn isauo data anc1 publication in tho official journal. U111>1!1Gial and pu1lal auum,ary I!nalish uamlation by PrqJ .. 1 INln ll:om Iha orlalMI Arab!o taxi.