Funding of the FOA
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Funding Model
The landed values of different fishery and species are obtainable in the Government Notice No. 158 of 26 June 2017.
A person who engages in harvesting in Namibian waters in terms of a right, an exploratory right or fisheries agreement must pay a levy at a rate of 0.9% of the landed value of each fishery and per species in the form in which it is landed as determined by the Ministry of Fisheries and Marine Resources.
Payment must be made within 7 days of receipt of the invoice from the Fisheries Observer fund.
(Government Notice No.146 of 17 September 2014)
The landed values of each fish species is determined by the Ministry of Fisheries and Marine Resources.
Below please find an example of the Observer Levy Calculation:
| SPECIES | LANDED MASS(KG) | CONVERSION FACTOR | WHOLE LANDED WEIGHT(KG) (Landed mass x Conversion Factor) | TOTAL WHOLE WEIGHT(kg)/ H&G CF | LANDED VALUE(N$) | TOTAL WHOLE WEIGHT X LANDED VALUE (N$) | OBS LEVY PAYABLE OF 0.9% OF LANDED VALUE |
|---|---|---|---|---|---|---|---|
|
HAKE: H&G |
4,500 |
1.46 |
6,570 |
4,500 |
N$25.00 |
N$112,500.00 |
N$1,012.50 |
Click on any of the documents below to view/download the PDF version.
Funding Model
Landed Values
