Sealord signs quota pooling deal with iwi
SEAFOODNEWS.COM [Business Desk] By Paul McBeth - October 29, 2014 -
Sealord has signed a quota pooling deal with three separate iwi collectives which will see New Zealand's second-largest fishing company share profits obtained from the catching, processing and selling of the fish.
The Nelson-based company has signed five-year arrangements with the Top of the South Collective, which includes Ngati Koata, Ngati Tama and Te Atiawa iwi, The Te Atiawa Taranaki and Te Kupenga o Maniapoto which gives Sealord the annual catch entitlements (ACE) of the iwi in a profit-sharing deal, they said in a joint statement.
The quotas will mean up to 4,800 tonne of hoki, orange roughy, southern blue whiting and alfonsino will be caught on Sealord's vessels, and will also provide iwi members fishing scholarships and employment opportunities.
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