EXCESS FISHING CAPACITY

In the short-term, fishing capacity that exceeds the capacity required to capture and handle the allowable catch. In the long-term, fishing capacity that exceeds the level required to ensuring the sustainability of the stock and the fishery at the desired level. Fishing capacity in excess of what is required to reach the agreed catch or effort objectives materialised by agreed target reference points (e.g. MSY, F0.1, MEY, etc.). Also referred to as: Overcapitalisation