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 Wars would generally protect the British trawling fleet. Over the course of this Cod War, a total of 32 British frigates had entered the contested waters. On 19 July 1974, more than nine months after the signing of the agreement, one of the largest wet fish stern trawlers in the British fleet, "C.S. Forester", which had been fishing inside the limit, was shelled and captured by the Icelandic gunboat V/s "Þór" after a pursuit. "C. S. Forester" was shelled with non-explosive ammunition after repeated warnings. The trawler was hit by at least two rounds, which damaged the engine room and a