Amendments to 1987 Treaty on Fisheries with Pacific Island States : message from the President of the United States transmitting amendments to the 1987 Treaty on Fisheries Between the Governments of Certain Pacific Island States and the Government of the United States of America, with annexes and agreed statements, done at Port Moresby, April 2, 1987 (The "Treaty"), done at Koror, Palau, March 30, 1999, and at Kiritimati, Kiribati, March 24, 2002 : also transmitted, related amendments to the treaty annexes, and the memorandum of understanding Page: 2

                                
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that the obligations under this Treaty are fufilled, Technical matters including
financial implications related to the impiementaion of this Part wil be a matter for
discussion between the parties.
5.    Relace alt references to "GMt cin Annex 1Schedule 4 to read "UTC"
. ReCiace all references to 'short tones' in Annex 1. Schedule 4 and Schedule
5 to read "metric tonnes".
7.    Add nerw subpararaohs 9 and 0 to Annex t. Schedule 4,iPart 1a
"(9) estimated date/time of arrival"
"(10) estimated date of departure"
8.    Delete paragraph (b) of Annex 1, Schedule 4, Part 1
9,    Add new subpararaph 9 to Annex 1, Schedule a Part 2fb:
"(9) observer on-board Y/N"
10.   Amend Annex IL Schedule 2Pararaoh 1 to read in its entirety as follows:
"1. The following amounts are payable annually for a period of ten (10) years from
15 June 2003 pursuant to paragraph 3 of Annex It .
(a)   an annual industry payment of US $3 million, which shall cover -
(i)  license fees for up to 45 vessels as set forth in paragraph 2
below cand
(ii)  technical assistance;
(b)   costs to be paid by the industry for the observer programme set forth
in Part 7 of Annex 1; and
(c)   sums pursuant to the related agreement between the South Pacific
Forum Fisheries Agency and the Government of the United States?
11    Add new paragraph 2 to Annex It, Schedule 2 to read in its entirety as follows:
"2. The United States industry payment specified in paragraph 1(a) of this Schedule
may be made in two separate instaiments. One half of the payment shall be paid by
June 15 of each year with the balance to be paid by December 15"' of the same year.
The second instalment will be paid with interest at an agreed rate,"
12.   Add new patoraph 3 to Annex lt, Schedule 2 to read in its entirety as follows:
"3. In order to increase the benefits to the Pacific Island parties under the Treaty, the
United States industry will develop with the Pacific Island parties a system for
revenue sharing where the ex-vessel price is at or above a mutually agreed level.
Payments made under such a system will be made quarterly and will be in addition to
the amount specified in paragraph 1(a), "
3t b i r .