fishing is the principal source of income. The incentive to manage stocks in a sustainable way is even greater. Under their system, vessels are grouped according to size and gear type. Each group is allocated [...] divided among the vessels. That is combined with gear regulations designed to protect juvenile fish, as well as closures of extensive areas to active gear, such as trawls, to protect nurseries and spawning [...] third of each stock should be taken every year. It is well supported by the fishermen, who are closely involved in deciding the number of fishing days to be allotted each year. As one respected fishing

deepwater Nigeria, it is hardly surprising that the North-west European effort is so low key. And, as rigs gradually but inexorably migrate out of the North Sea, the more difficult it is likely to become in terms [...] Dooish discovery. Is it potentially commercial or is it not? That is the question being asked in the wake of conflicting reports. The 12/2-1z Rockall Basin well drilled last year appeared to encounter a s [...] would be obliged to release a great deal more data than has been made available. It would be more difficult to shroud a well in mystery for years on end ? tight hole status ? than is customarily the case

stream of income, which is used to boost the economy and to finance amenities other local authorities in Britain can only dream of. With the massive Clair oil field, 50 miles to the west of Shetland, coming [...] quickly realised that oil was to come anyhow, as Shetland was the nearest landfall, and that it was important to get the best deal possible. He said: ?Nobody was particular keen to have oil here because we [...] UK?s remotest and rural communities, it is worth noting that when oil was first found in the northern North Sea, some 30 years ago, many Shetlanders were not keen to seen the industry arriving. Shetlanders

they from time to time might seem to have opposite interests. I would like to thank the organisers for providing this opportunity to discuss the experience of the last 12 months. It is important that we [...] from the Faroese industry to discuss the issue of local participation in connection with the activities this summer. Evaluation is good but it all comes to nothing if we fail to follow up on the subjects [...] contractors have to turn their focus towards a new market to find out what that particular market has to offer. This stipulation also commits the local business community which has to be on its feet marketing

by FAS it is also necessary that the ship owner in question is a resident in the Faroe Islands. If the ship owner is a company it has to be registered in the Faroe Islands and its real head office has to [...] DIS. In relation to hydrocarbon activities it may have fiscal and with that financial importance to the wage earner, whether he is tax liable subject to the Hydrocarbon Tax Act only or to the ordinary tax [...] of Ships (FAS) A.1 Refund to the Shipping Company According to this rule the Faroese shipping company is entitled to get refunded a part of the wages, presently 28%, paid to crew performing services: 1

Schrimpton It was a great pleasure to be back in the Faroe Islands recently, and it was very good news to hear, soon after I returned to Newfoundland, of the positive results from the Amerada-Hess well. It is [...] important contribution even to the local culture and the tourism industry. Indeed, while it is critical to minimize any negative effects, it is in my opinion just as important to make the most of the opportunity [...] analysis to delineate the field and see if it is commercial. But this first discovery does help confirm the expectation that Faroes will see oil and/or gas production sooner or later. It is sure to lead to

»Who Is The Brain Police?, sungu um »Motherly Love« og »Mr. America«. Skrálaðu »I don´t even care, if you shave your legs!« Og »Motherly love is just a thing for you. I think, your mother is going to love [...] eingin annar hevði verið. Frank Zappa gjørdi næstan alt slag av tónleiki. Eisini jazz: »Jazz is not dead. It just smells funny«, segði hann á einari konsert. Hann hevði sera gott hegni at finna framúr góðar [...] við, tosaðu nógv á konsertum. Í »Fillmore East« fáa fjepparagenturnar, »the groupies«, toyggið, »My dick is a really monster«. Og poppsangin »Happy Together« læntu teir, ella stjólu allarhelst, frá Turtles

relation to Faroese legal issues and in relation to the more specific and/or special oil and gas law issues. Mr. Jóhannus Egholm Hansen and Ms. Penelope Warne both confirm that it is a declared aim to reach [...] on-shore-territory. It seems to have been less obvious to the Faroese decision makers, and certainly this does not seem to have been given very much specific thought, that there will be other ? more incidental [...] general. The title of the book, that is written in the English language, is »Faroese Business Law ? an introduction«, and it can be obtained in the bookstores or by contacting either Mr. Jóhannus Egholm