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Appendix 3

Original text. Later amendments are not shown.

Methods and criteria for project assessment for temporary joint ventures and joint enterprises

1.

The Parties shall exchange information on the projects presented for the formation of temporary joint ventures and joint enterprises according to Article 2 of the Agreement.

2.

The projects shall be presented to the Community via the competent authorities of the Member State or Member States concerned.

3.

The Community shall submit to the Joint Committee a list of projects concerning temporary joint ventures and joint enterprises. The Joint Committee shall assess the projects in accordance inter alia with the following criteria:

  1. (a)

    technology appropriate to the proposed fishing operations;

  2. (b)

    target species and fishing zones;

  3. (c)

    age of the vessel;

  4. (d)

    in case of temporary joint ventures, the total duration and that of fishing operations;

  5. (e)

    previous experience of the Community ship owner and any Greenlandic partner in the fisheries sector.

4.

The Joint Committee shall issue an opinion on the projects following the assessment under point 3.

5.

In the case of temporary joint ventures, once the projects have received a favourable opinion from the Joint Committee, the Greenland Authority shall issue the necessary authorisations and fishing licences.

Conditions concerning access to resources of temporary joint ventures in Greenland

1.

Licences

The fishing licences to be issued by Greenland shall have a validity equal to the duration of the temporary joint ventures. Fishing shall take place on quotas allocated by the Greenland Authority.

2.

Replacement of vessels

A Community vessel operating under a temporary joint venture may be replaced by another Community vessel with equivalent capacity and technical specifications only on duly justified grounds and with the agreement of the parties.

3.

Fitting-out

Vessels operating under temporary joint ventures shall comply with the rules and regulations applicable in Greenland regarding fitting-out, which regulation shall be applied without discrimination between Greenland and Community vessels.