Request for appraisal to two or more appraisers in accordance with Article 16 (1) of the Enforcement Rules of the Act on Acquisition of and Compensation for Land, etc. for public Works Projects.
Request for service
As fishery damage surveys require a high level of technology, requests for the service should be made to a professional marine survey agency under Article 16 (3) of the Enforcement Rules of the Act on Acquisition of and Compensation for Land, etc. for public Works Projects.
Fishery damage survey
After concluding a service contract, a service agency conducts a fishery damage survey according to the instructions.
Calculation of fishery losses and appraisal of facilities
Upon completion of a fishery situation survey and inspection of the service report, fishery losses are calculated and, if required, fishery facilities are appraised.
Submission of appraisal report
Applicable statutes
Article 44 of the Enforcement Rules of the Act on Acquisition of and Compensation for Land, etc. for public Works Projects and Table 4 of the Enforcement Decree of the Fisheries Act
Method of calculating losses for fishery compensation
Method of calculating losses of licensed fisheries (fishery rights)
Method of calculating losses of licensed fisheries (fishery rights)
Category
Calculation method
Case of withdrawal or non-approval of extension of the expiration date
Usual yearly income ÷ Yearly interest (12&) + Residual value of fishing vessel/gear or facilities
Case of suspension
Usual yearly income × Fishery suspension period + Losses caused by movement/collection of facilities, etc. or farm products + Usual fixed expenses incurred during a fishery suspension period. Where, compensation for withdrawal cannot be exceeded.
Case of restriction
Losses calculated in consideration of usual yearly income, restriction period, and restriction level, etc. Where, compensation for withdrawal cannot be exceeded.
Method of calculating losses of licensed and reported fisheries
Method of calculating losses of licensed and reported fisheries
Category
Calculation method
Case of withdrawal
Usual yearly income for 3 years + Residual value of fishing vessel/gear or facilities
Case of suspension
Usual yearly income × Fishery suspension period or fishing vessel mooring period + Usual fixed expenses incurred during a fishery suspension period or fishing vessel mooring period. Where, compensation for withdrawal cannot be exceeded.
Case of restriction
Losses calculated in consideration of a fishery restriction period or restriction level, etc. Where, compensation for withdrawal cannot be exceeded.