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Glossary

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Industry TermsCFIA:  The Canadian Food Inspection Agency; the federal agency responsible for the regulation of food safety in Canada.

DFO:  The Department of Fisheries and Oceans (Canada); the federal regulatory agency that has jurisdiction over Canada’s entire marine environment.

ENTERPRISE ALLOCATION: (Sometimes also referred to as a “quota”) permission to catch a specified percentage of the total allowable catch of a particular species in a specific area that is allocated by the DFO to an offshore license holder. The enterprise allocations of license holders vary from one another. From year-to-year, the DFO may change the total allowable catch based on scientific advice but the enterprise allocation percentage allocated to an offshore license holder generally remains the same unless a new license is issued. New licenses are rarely issued unless and until increases in the total allowable catch evidences significant and substantial growth. The enterprise allocation system promotes both greater efficiency in harvesting seafood and improved resource stewardship practices. Enterprise allocations can be transferred, traded and sold. The transferability of enterprise allocations has encouraged industry consolidation.

FACTORY VESSEL: A vessel on which processing into a frozen, market-ready form takes place.

FOB: Free on board.

GROUNDFISH: Several fish species, including cod, redfish, turbot and flounder.

HACCP:Hazard Analysis Critical Control Point, which is an internationally recognized system for ensuring that food products are safe and wholesome to eat.

HARVESTING: The catching of seafood.

IQF: Individually Quick Frozen

LANDING(S): The weight, number or value of a species of seafood caught and delivered to a port.

LICENSE (or Fishing License): An instrument by which an applicable regulatory authority grants permission to a person or enterprise to harvest certain species of seafood, subject to the conditions attached to the license.

SHELLFISH: An aquatic invertebrate animal with a shell, such as a sea scallop, lobster, Arctic surf clam, crab or cold water shrimp.

TOTAL ALLOWABLE CATCH (TAC): The total amount of a particular species in a specific area that is allowed to be harvested by all license holders. The total allowable catch for each species in each area is set by the applicable regulatory authority on an annual basis on scientific advice.