Division I For the purposes of implementing the tariff reductions provided for in Article 1, the following products, provided they are transported directly to the Community, shall be considered as originating in Norway:

1. (a)

   products obtained by fishing conducted in Norway;

2. (b)

   products taken from the sea by Norwegian vessels;

3. (c)

   products made aboard Norwegian factory ships exclusively from products referred to in subparagraph (b);

4. (d)

   goods produced in Norway from products specified in subparagraphs (a), (b) and (c).

The term ‘in Norway’ shall cover also the territorial waters of Norway. Vessels operating on the high seas, including factory ships, on which the fish caught is worked or processed shall be considered as part of the territory of Norway provided that satisfy the conditions set out below concerning vessels.

The term ‘Norwegian vessels’ shall apply only to vessels:

• which are registered in Norway;

• which sail under the flag of Norway;

• which are at least 50 % owned by nationals of Member States of the Community or of Norway or by a company with its head office in one of those States, of which the manager or managers, chairman of the board of directors or of the supervisory board, and the majority of the members of such boards are nationals of the Member States of the Community or of Norway, and of which, in addition, in the case of partnerships or limited companies, at least half the capital belongs to those States or to public bodies or nationals of the said States;

• of which the captain and all the officers are nationals of the Member States of the Community or of Norway;

• of which at least 75 % of the crew are nationals of the Member States of the Community or of Norway.