3.1(b) Prohibition of Transactions with Shark-Finning Vessels

Processors, traders, importers, transporters and others involved in the seafood industry shall not conduct transactions with vessels that carry out shark finning and/or do not land all sharks with fins naturally attached, if retained.

For the purpose of determining if a vessel is conducting shark finning and/or has not landed all sharks with fins naturally attached, if retained, processors, traders, importers, transporters, marketers and others involved in the seafood industry will rely upon the publicly available conclusions of investigations conducted by the RFMOs or national governments. After a period of 2 years from the date of the conclusion of the investigation, processors, traders, importers, transporters, marketers and others involved in the seafood industry can resume transactions with those vessels identified above, provided the vessels are not involved in further incidents.