Cod Wars cut the nets of "Carlisle", and "Falmouth" rammed it again. "Týr" was heavily damaged and found herself propelled by only a single screw and pursued by the tug-boat "Statesman". In the dire situation, Captain Guðmundur Kjærnested gave orders to man the guns, in spite of the overwhelming superiority of firepower HMS "Falmouth" enjoyed, to deter any further ramming. The Third Cod War saw 55 ramming incidents altogether. In NATO-mediated sessions, an agreement was reached between Iceland and the UK on 1 June 1976. The British were allowed to keep 24 trawlers within the 200 nmi and fish a total of
Cod fisheries fishery off the Grand Banks of Newfoundland became hotly contested by the British and French, in the sixteenth and seventeenth century. The British used small boats close to shore, from which they caught the cod with hook and line. They practiced the "dry fishery" technique, which involved shore-based settlements for the drying of cod on flakes or racks placed in the open air for their subsequent transport back to Europe. The French on the other hand practiced the "green fishery", which involved processing the catch with salt aboard ship. At the same time a fleet of schooners fishing for cod,