Fishermen's Contingency Fund
Department Of Commerce, National Oceanic And Atmospheric Administration
To compensate U.S. commercial fishermen for damage/loss of fishing gear and 50 percent of resulting economic loss due to oil and gas related activities in any area of the Outer Continental Shelf.
Jargon-free version
Helps U.S. commercial fishermen recover costs for damaged fishing gear and half of their economic losses from oil and gas activities.
Quick Facts
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What Is This Program?
What Benefits Are Offered?
Compensates commercial fishermen for economic and property losses caused by oil and gas obstructions on the U.S. Outer Continental Shelf. Compensation for economic loss is based on 50 percent of gross income lost, rather than loss of profits.
Who Is Eligible?
Business Size: small, individual
Industries: fishing, commercial fishing
Region: U.S. Outer Continental Shelf
Other Criteria: commercial fishermen, must have suffered economic or property losses, losses must be caused by oil and gas obstructions, damage must be sustained on the U.S. Outer Continental Shelf, must be able to prove causation of loss/damage, must file an initial report with NOAA Fisheries within 15 days of vessel returning to port after discovering damage, must submit a full claim within 90 days of discovering the loss or damage
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📋What Are the Application Steps & Timeline?
📄What Documents Are Required?
- ✅Required Documents
- Proof of purchase for fishing gear
- Written estimate for repair or replacement costs
- Documentation of replacement gear ordered and received
- Trip tickets for three trips before, during, and after casualty
- Photographs of obstruction and damage
- Signed notarized statements from witnesses
- Contact information for persons notified about the damage
- 📐Format Requirements
- PDF only, max 10MB
- ✉️Supporting Letters
- Notarized statements from witnesses are required.
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💰What Expenses Are Eligible?
🤝Is Matching Funding Required?
📊What Are the Reporting Requirements?
How Do I Apply?
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FAQFrequently Asked Questions
This program is available to small, individual businesses in fishing, commercial fishing industries located in U.S. Outer Continental Shelf.
Contact the program administrator for funding details.
This program accepts applications on a rolling basis.
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