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State budget provides fishing vessel insurance premium support

The State budget will provide insurance premium support for offshore fishing ships and offshore fishery logistic vessels, said a new decree on fishery development policies.
State budget provides fishing vessel insurance premium support ảnh 1 A Vietnamese fishing vessel operates in East Sea - Illustrative image (Source: VNA)

Hanoi (VNA) – The State budget will provide insurance premiumsupport for offshore fishing ships and offshore fishery logistic vessels, saida new decree on fishery development policies.

According to Decree No 17/2018-ND-CP on amending Decree 67/2014/ND-CP datedJuly 7, 2014, the boats are members of fishing teams or cooperatives and have atotal main engine capacity of 90HP and above each.

The State budget will cover all annual premiums for all crew members working onboard, and half of the premiums for the boats’ body, excluding fishing toolsand catches.

The Decree will take effect from March 25, 2018.

Decree 67/2014/ND-CP, which took effect from August 25 last year, providespolicies to encourage fishermen to build high-capacity steel ships capable offishing offshore, a practice that could earn fishermen higher incomes andcontribute to protecting the country’s territorial waters. - VNA
VNA
#State budget#insurance premium#offshore fishing ships#offshore fishery logistic vessels#Decree 67#fishing offshore#Vietnamplus#Viet Nam News#Vietnam News Agency#Vietnamese latest news
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