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

Country/Territory
Libya
Document type
Regulation
Date
1989
Source
FAO, FAOLEX
Subject
Fisheries
Keyword
Marine fisheries Subsidy/incentive Cooperative/producer organization Fishing vessel
Geographical area
Africa, Mediterranean, Near East and North Africa, Northern Africa
Entry into force notes
From the issuance and publication in the Official Gazette.
Abstract

This Decision is divided into 24 articles and 3 Tables. Beneficiaries from this Decision are: marine fisheries cooperatives; tasharukiat (business partnerships); workers in aquaculture as residents in Libya; and members of cooperatives and state fishery companies with headquarters in Libya (art. 1). The percentage of the participation of SMW in the purchase of fishing vessels, boats, new engines, new gear and equipment for fishing and aquaculture is indicated in Tables 1 and 2 (art. 3).The SMW can offer loans to fishery cooperatives, national companies and tasharukiat as well as can also offer monetary assistance in emergency cases (art. 4). Loan repayment schedule is indicated in Tables 1 and 2 (art. 6). Loan collateral is the fishing craft being purchased (art. 8). Craft purchased with assistance is not to be rented, sold and transferred to others before 5 years from the date of purchase and by the regional permission of SMW's offices (art. 13). Decision of 20/10/1976 is now abrogated (art. 23). The percentage of credit share for fishing craft and engine purchase (tab. 1). Percentage of subsidy for fishing gear and spare parts (tab. 2). Percentage of subsidy in fresh fish marketing (tab. 3).

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