The Agreement is divided into 5 Sections: Scientific and technical cooperation (1); Fishing licences (2); Joint Spanish-Chilean fishing companies (3); economic cooperation ( 4); Validity and notice of termination (5). Article I concerns cooperation in the development of initiatives and programmes for the conservation and "sound" exploitation of fisheries resources. Other Articles of Section I concern scholarships for Chilean citizens and consultation between the Parties. The Government of Chile shall grant fishing licences for Spanish vessels to fish in specified waters for surplus stocks of fish existing at any time, up to coverage of the estimated maximum su stainable yield for the fisheries for which the licences are requested. Granting of licences and fishing shall be subject to rules set out in Articles IV to XIII. In no case the licences granted shall hamper or impede fishing efforts of Chilean fishermen. ; An Agreement to grant fishing licences to Spanish vessels in Chilean waters and to guarantee technical and other support by Spain fort the benefit of the Chilean fishing efforts.; FAO Descriptors: 110; 105; 020; 004; 003; 093
