ITQS as collateral rightly understood: preserving commerce and conserving fisheries. (individual transferable quotas) From: UCLA Journal of Environmental Law & Policy | Date: December 22, 1996| Author: Collons, Kacy A. | COPYRIGHT 1996 University of California at Los Angeles, School of Law. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

INTRODUCTION

The number of vessels comprising the United States' fishing fleets has, in many fisheries, grown to such great numbers that their fishing capacity far exceeds fishery productivity. This excess capacity perpetuates a cycle of overinvestment and overfishing, contributing to dangerous depletion of fish stocks. In unsuccessful efforts to conserve threatened fish stocks, the United States has reduced fishing seasons and allowable harvest limits.(1) The reduct...

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