This agreement stipulates that a contracting party is to abstain from granting authorisation to use a vessel for fishing on the high seas if certain conditions are not met, as well as implement sanctions if certain reporting obligations are not fulfilled.
Ta sporazum določa, da pogodbenica ne sme izdati dovoljenja za uporabo plovila za ribolov na odprtem morju, če niso izpolnjeni nekateri pogoji, in da mora izvesti sankcije, če se nekatere obveznosti poročanja ne spoštujejo.