Fishing licences in blind auction

05.06.2018 - 12:30
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Fishing licences in blind auction
The rights to catch 39,000 tonnes of blue whiting will be sold at a so-called blind auction tomorrow
Mynd: © Archive photo  
 
 

The deadline for submitting bids to the blue whiting fishing rights auction is noon tomorrow.

Bidders at a blind auction submit a sealed bid so that only they can see their bid.

The bidders state the amount they are bidding on and the price, and then the submitted bids are prioritised according to the highest unit price.

The lowest accepted bid dictates the price that everyone is to pay.

Blue whiting fishing licences for one, three and eight years will be auctioned off tomorrow. Some 18,169 tonnes will be sold as one-year licences, 7,000 tonnes as three-year licences and 14,000 as an eight-year licences.

On 26 April and on 2 May, the fishing rights to 50,000 tonnes of blue whiting were sold in an open auction. All these licences were valid for one year.

On 13 June, the fishing rights to bottom fish in Svalbard and the Barents Sea will be sold at a blind auction. Mackerel and North Sea herring fishing licences will be auctioned off later this month.

Translated by prosa.fo.

Nýggjastu sendingar í ÚV
Hósdag 17. januar
Nón - hósdagur 17.01.19
90085
Hósdag 17. januar
Góðan morgun Føroyar 170119
90059
Hósdag 17. januar
Morgunlestur hósdagur 17. januar 2019
89869
Mikudag 16. januar
Nón - 16.01.19
90038
Nýggjastu sendingar í SV
Hósdag 17. januar
HAS#TAG: Ungdómslívið (1:4)
90053
Hósdag 17. januar
Hassans hendur (2:4)
90024
Hósdag 17. januar
Bóndin (2:7)
89919
Mikudag 16. januar
Úr savninum: Føroyskt bátasmíð
90005
Mikudag 16. januar
Team Bachstad á ferð (3:6)
90014