The exchange market opens today, Tuesday the 3rd of December 2024 at 14:00. The deadline for submitting tenders is until 14:00 on Tuesday the 10th of December 2024.

The Directorate of Fisheries calls for tenders for exchange of catch quotas in specified specie below in exchange for catch quota in cod. According to Article 8 of Regulation on Commercial Fishing, the fishing year 2024/2025 and the calendar year 2025.

When evaluating offers, the average price of the catch quota for the last month is used, which for cod is ISK 499,11 kr/kg.

Offer is sent through the Directorate of Fisheries new tender market system. Authorized signatories or persons who have been granted a power of attorney, see instructions, can submit an offer to the tender market in a user-friendly and simple way.

• The minimum bid requirement is 50% in cod-equivalent.

• Each allocation of quota costs ISK 15,400. according to service fees of the Directorate of Fisheries.

• Please familiarize yourself with the exchange market regulations.