Transferability

Eligible to own U.S. fishing vessel

Eligible to own U.S. fishing vessel

Unrestricted

Initial recipients, qualified crew, limits on transfers between vessel size classes

Initial recipients, qualified crew, limits on transfers between vessel size classes

Leasing

Eligible to own U.S. fishing vessel

Eligible to own U.S. fishing vessel.

QS holders may lease form each other

Initial recipients may lease up to 10% of their QS during first 3 years

Initial recipients mat lease up to 10% of their QS during first 3 years

QS holder required to be on board

No

No

No

Yes, unless owner is a corporation or partnership

Yes. unless owner is a corporation or partnership

Limits on Exvessel Sales

Port

No

No

No

Any port with a registered buyer

Any port with a registered buyer

Notification prior to landing

Yes

Yes

No, but must be offloaded between 8 a.m. and 5 p.m.

6 hours

6 hours

Eligible buyers

Permit required

Permit required

Permit required and dealer may only receive fish from a permitted vessel

Permit required

Permit required

Cost Recovery

Windfall tax

No

No

No

No

No

License fee

Yes

Yes

Nominal

Nominal

Transfer tax

No

No

No

No

Landings tax

No

No

No

2%

2%

Rent recovery tax

No

No

No

No

No

Capacity Reduction

Buyback

No

No

No

No

No

Uncompensated retirement

No

No

No

No

No