PROTOCOL
establishing the fishing rights and financial contribution provided for in the Agreement between the European Economic Community and the Government of the People's Republic of Angola on fishing off Angola
Article 1U.K.
From 3 May 1987, for a period of two years, the limits referred to in Article 2 of the Agreement shall be as follows:
Shrimp vessels: 12 000 GRT per month as a yearly average.
However, the quantities to be fished by Community vessels may not exceed 10 000 tonnes of shrimps per year, of which 30 % shall be prawns and 70 % shrimps.
Ocean-going tuna freezer boats: 25 vessels.
Article 2U.K.
1.The financial compensation provided for in Article 7 of the Agreement for the period referred to in Article 1 of this Protocol is fixed at 12 050 000 ECU, payable in two annual instalments, the first before 30 September 1987 and the second before 31 July 1988.
2.The use to which this compensation is put shall be the sole responsibility of Angola.
3.The compensation shall be paid into an account opened at a financial institution or any other body designated by Angola.
Article 3U.K.
1.The Community shall also contribute during the period referred to in Article 1 up to 350 000 ECU towards the financing of Angolan scientific and technical programmes (equipment, infrastructure, seminars, studies, etc.) in order to improve information on the fishery resources within Angola's fishing zone.
2.The competent Angolan authorities shall send to the Commission a report on the utilization of the funds.
3.The Community's contribution to the scientific and technical programmes shall be paid in two annual instalments into a specific account determined by the competent Angolan authorities.
Article 4U.K.
The Community shall assist Angolan nationals in obtaining places for study and training in establishments in its Member States or in the ACP States and shall provide for that purpose, during the period referred to in Article 1,12 study grants of a maximum duration of five years, equivalent to 60 years of study, in scientific, technical, legal, economic and other subjects connected with fisheries.
Two of these grants, equivalent to a sum of no more than 90 000 ECU, may be used to finance the cost of participation in international conferences aimed at improving knowledge regarding fisheries resources.
Article 5U.K.
Should the Community fail to make the payments provided for in Articles 2 and 3 within the time limits laid down, the application of the Agreement may be suspended.