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 waters to the West of Scotland where cod has continued to decline. It is broadly accepted that the plan has been a failure and has not delivered its objective of recovering the cod stocks in these areas because of the plan’s over reliance on effort (days-at-sea) that created an indiscriminate ‘race to fish’ which in fact increased fishing mortality on the biomass for cod, on other demersal species and had a destructive impact on the benthic zone of the seabed where it is intensely fished. On the other hand, conservation initiatives undertaken by fishermen working in cooperation with government, such