The estimate of the quota share is based on provisional provisions of the Act on Amendments to the Act on Fishing in Iceland's exclusive fishing zone and the Act on Fisheries Management (Lumpfish Management).

Calculation of the estimate is based on:

• Fishing experience of rights registered on respective vessels with lumpfish rights and permits.

• Lumpfish landings from 2018 to 2022 with the exception of 2020, during which time lumpfish fishing license was valid plus one day.

• Total fishing in Iceland's exclusive fishing zone, but not down to specific areas.

• Permitted total catch of lumpfish according to regulation on commercial fishing for the 2024/2025 fishing year and the 2025 calendar year.

Note:

• After 19th of November, quota shares are recalculated if necessary and allocation carried out.

• Allocation must be carried out before 1st of March 2025.

• The transfer of catch shares is not permitted until 31st of August 2026.

• Operators who have lumpfish fishing rights with catch performance but are not registered on a boat have received a letter sent to the operator's mailbox at Ísland.is

Comments and inquiries regarding the allocation should be sent to fiskistofa@fiskistofa.is