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 fishing communities lost access to rich areas and were devastated, with thousands of jobs lost. Since 1982, a exclusive economic zone has been the United Nations standard. The term "cod war" was coined by a British journalist in early September 1958. None of the Cod Wars met any of the common thresholds for a conventional war, and they may more accurately be described as militarised interstate disputes. There is only one confirmed death during the Cod Wars: an Icelandic engineer, who was accidentally killed in the Second Cod War. While he was repairing damage on the Icelandic gunboat "Ægir" after