COUNCIL REGULATION (EC)  No 3370/94
of 20 December 1994
allocating, for 1995, catch quotas between Member States for vessels  fishing in Latvian waters
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EEC) No 3760/92 of 20 December 1992 establishing a Community  system for fisheries and aquaculture (1), and in particular Article 8 (4) thereof,
Having regard to the proposal from the Commission,
Whereas, in accordance with the procedure provided for in the Agreement on fisheries relations  between the European Economic Community and the Republic of Latvia (2), and in particular Articles  3 and 6 thereof, the Community as constituted on 31 December 1994 and Latvia have held  consultations concerning their mutual fishing rights for 1995 and the management of common living  resources;
Whereas, in accordance with Article 124 of the 1994 Act of Accession, fisheries agreements  concluded by the Kingdom of Sweden with third countries shall be managed by the Community;
Whereas, in accordance with the procedure provided for in the agreement on fisheries between the  Kingdom of Sweden and the Republic of Latvia of 27 April 1993, Sweden and Latvia have held  consultations concerning their mutual fishing rights for 1995;
Whereas, in accordance with Article 96 of the 1994 Act of Accession, fisheries agreements concluded  by the Republic of Finland with third countries shall be managed by the Community;
Whereas, in accordance with the procedure provided for in the agreement on fisheries between the  Republic of Finland and the Republic of Latvia of 25 October 1993, FInland and Latvia have held  consultations concerning their mutual fishing rights for 1995.
Whereas, in the course of these consultations, the delegations agreed to recommend to their  respective authorities that certain catch quotas for 1995 should be fixed for the vessels of the  other Party;
Whereas the necessary measures should be taken to implement, for 1995, the results of the  consultations held with Latvia;
Whereas to ensure efficient management of the catch possibilities available in Latvian waters, they  should be allocated among Member States as quotas in accordance with Article 8 of Regulation (EEC)  No 3760/92;
Whereas the fishing activities covered by this Regulation are subject to the relevant control  measures provided for by Council Regulation (EEC) No 2847/93 of 12 October 1993 establishing a  control system applicable to the common fisheries policy (3),
From 1 January to 31 December 1995,  vessels flying the flag of a Member State are hereby authorized to make catches within the quota  limits set out ini the Annex in waters falling within the fisheries jurisdiction of Latvia.
1. The financial contribution provided for inArticle 7 of the Agreement on fisheries  relations between the European Economic Community and Latvia shall be set for the period referred  to in Article 1 at ECU 387 455 payable to an account designated by Latvia.
2. The financial contribution provided for in Article 8 of that Agreement shall be set for the  period referred to in Article 1 at ECU 39 000 payable to an account designated by Latvia.
This Regulation shall enter into force on 1 January 1995.
However, for new Member States the Regulation shall enter into force on the date of  Accession.
This Regulation shall be binding in its entirety and directly  applicable in all Member States.