Section 2 Interpretation

In this Scheme—

• “the Control Regulation” means Council Regulation (EC) No 1224/2009 establishing a Community control system for ensuring compliance with the rules of the common fisheries policy^f1 F1, as last corrected by a corrigendum;

• “English fishing boat” means a fishing boat which—

  1. (a)

     is registered in the United Kingdom under Part II of the Merchant Shipping Act 1995^f2, and

  2. (b)

     has its port of administration in England;

• “fishing boat” means a vessel equipped for commercial exploitation of living aquatic resources, which include sea fish;

• “the Implementing Regulation” means Commission Implementing Regulation (EU) No 404/2011^f3 laying down detailed rules for the implementation of Council Regulation (EC) No 1224/2009 establishing a Community control system for ensuring compliance with the rules of the Common Fisheries Policy F2, as last amended by Commission Implementing Regulation (EU) 2015/1962;

• “LIBOR”, in relation to a day, means the sterling three month London interbank offered interest rate in force for that day, rounded if necessary to two decimal places;

• “master” includes the person for the time being in charge of a fishing boat;

• “port of administration”, in relation to a fishing boat, means the port from which the licence granted in respect of that boat under section 4 of the Sea Fish (Conservation) Act 1967^f4 is issued.