3.5 Improving market based instruments for fisheries
Established secure and tradable property rights in the fishery could benefit from new
technologies, e.g. Individual Transferable Quota in the Canadian halibut fishery. Monitoring
technology allows for real time management of individual or collective transferable quota.
For several species and landing points, AIS and VMS system help preserving the stock levels
through property rights-based management. FMC connects and analyse the above
technologies, and helps policy implementation. However, ITQ databases can be hacked and
AIS or VMS messages can be spoofed or erroneous.
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