Limitations on Maritime Liens on Fishing Permits
New rules clarify that fishing permits cannot be subject to maritime liens, protecting fishermen from losing their licenses due to vessel-related debts. These permits are now treated separately from the vessel, providing greater stability for those who rely on fishing for their livelihood.
Key points
Fishing permits cannot be used as collateral for maritime debts.
Fishing permits are now separate from the vessel and not considered part of it.
These changes do not affect the Secretary of Commerce's authority to modify or revoke permits.
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