2397

The Gabonese authorities shall issue fishing licences within the limits laid down by category of vessel. The issue of licences shall be subject to payment of a fee by the shipowners. The vessels authorized under the terms of this Agreement to fish in Gabon's fishing zone shall be obliged to send their statements of catch to the Gabonese authorities. In return for the fishing opportunities granted under Article 2, the Community shall make a financial contri bution to the Gabonese Republic. A Joint Committee shall be set up to ensure that this Agreement is applied correctly. This Agreement shall be concluded for an initial period of five years commencing from the date of its entry into force. Unless one of the Parties ends it by giving notice to that effect six months before the end of this five-year period, it shall be tacitly renewed for further periods of two years. (15 articles) ; The purpose of this Agreement is to establish the principles and rules which will in future govern, the fishing activities of vessels flying the flags of Member States of the Community in the waters of the Gabonese Republic. Fishing activities by Community vessels in Gabon's fishing zone under this Agreement shall be subject to possession of a fishing licence issued at the Community's req uest by the Gabonese authorities.; FAO Descriptors: 110; 107; 105; 044; 003