Section 2 Interpretation

In this Scheme –

• “application” means an application for grant under this Scheme and “applicant” shall be construed accordingly;

• “the appropriate decommissioning date” has the meaning assigned to it in paragraph 7(3);

• “approval” means approval granted under Article 5(4);

• “authorised officer” means any officer authorised in writing by the Department for the purposes of this Scheme;

• “Council Regulation 1260/99” means Council Regulation (EC) No. 1260/99 of 21 June 1999 laying down general provisions on the Structural Funds^f1;

• “Council Regulation 2792/99” means Council Regulation (EC) No. 2792/1999 of 17th December 1999 laying down the detailed rules and arrangements regarding Community structural assistance in the fisheries sector^f2 corrected by Corrigenda, O.J. No. L83, 4.4.00 and O.J. No. L2, 5.1.01 and amended by Council Regulation (EC) No. 1451/2001 of 28th June 2001^f3 Council Regulation (EC) No. 179/2002 of 28th January 2002^f4 and Council Regulation 2369/2002^f5;

• “Council Regulation 2370/02” means Council Regulation (EC) No. 2370/2002 of 20th December 2002 establishing an emergency Community measure for scrapping fishing vessels^f6;

• “decommissioning” has the meaning assigned to it in Article 8(4);

• “fishing trips” means time spent by a vessel –

  1. (a)

     steaming between port and fishing ground and between one fishing ground and another or;

  2. (b)

     engaged in fishing for profit,

  and for this purpose “fishing for profit” means fishing with a view to securing a financial return deriving from sale of the sea fish landed;

• “grant” means a grant under this Scheme;

• “LIBOR”, in relation to any particular day of the month, means the rate of interest per centum notified by the Bank of England on the first working day of the month, rounded if necessary to two decimal places;

• “member” in the expression “member State”, refers to membership of the European Community;

• “the register” means the register of vessels established under section 8 of the Merchant Shipping Act 1995^f7;

• “the relevant amount” means such amount as the Department may determine is available for the payment of grant in respect of the decision to invite applications under Article 4(1); and

• “VCU” means Vessel Capacity Unit, which is a measure of UK fishing vessel capacity as defined by the formula (L × B + 0.45 × P) where: –

• L is the length of the vessel measured in metres

• B is the breadth of the vessel measured in metres

• P is the engine power of the vessel expressed in kilowatts.