The Captain's Log

March 1, 2021 // CURRENT POSITION ON TRANSFERS OF FISHING RIGHTS

Dear Clients As you are all aware, as of 31 December 2020 commercial fishing rights allocated in terms of section 18 of the Marine Living Resources Act 18 of 1998 (MLRA) in the following sectors expired and have reverted back to State: Hake Deep Sea Trawl, Small Pelagic, South Coast Rock Lobster, KZN Prawn, Hake […]

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February 2, 2021 // MINISTER OF DEFF; FRAP POLICY PICKLES

MINISTER OF ENVIRONMENT, FORESTRY AND FISHERIES : FRAP “POLICY PICKLES”   Introduction   With the recent notice granting exemptions to existing rights holders (whose rights expire at the end of 2020) to continue fishing for the year 2021, the focus of Minister Creecy and her team at DEFF, should fall squarely on getting FRAP 2021 […]

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November 28, 2020 // FRAP 2020/21 – THE TIGHT SQUEEZE AND THE CAF

INTRODUCTION It would appear that Department of Environment, Forestry and Fisheries (DEFF) and its Minister are already behind on their most recent timeline for FRAP 2020/21. The latest official notification regarding the FRAP 2020/21 rights allocations was published by the Minister of Environment, Forestry and Fisheries (the Minister) on 26 June 2020 setting out the […]

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June 2, 2020 // OVERHAUL OF DIESEL REFUND SYSTEM ~ FISHING INDUSTRY NEWS (MARCH 2020)

OVERVIEW On 31 January and 4 February 2020, the South African Revenue Service (SARS) published for comment a draft rule and schedule which bring about substantial amendments to the diesel refund system (DRS). Comments on such draft were due on 16 March 2020 and various industry stakeholders have submitted comments. Over the last at least […]

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June 2, 2020 // KNOW YOUR COVER – HULL INSURANCE ~ FISHING INDUSTRY NEWS (MAY 2020)

INTRODUCTION The nature of fishing vessels and their operations gives rise to a wide variety of risks and exposes the vessel and those that run the vessel to a number of different types of losses. Marine hull insurance being one of the oldest types of insurance has the purpose of limiting such risks and such […]

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