PACIFIC PREMIUM REEF FISH PACIFIC PREMIUM REEF FISH

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PACIFIC PREMIUM REEF FISH ПРОЕКТНОЕ ПРЕДЛОЖЕНИЕ

PACIFIC PREMIUM REEF FISH ПРОЕКТНОЕ ПРЕДЛОЖЕНИЕ

PACIFIC PREMIUM REEF FISH PROJECT PROPOSAL

PACIFIC PREMIUM REEF FISH PROJECT PROPOSAL

PACIFIC PREMIUM REEF FISH • PPRF was set up to buy and sell seafood

PACIFIC PREMIUM REEF FISH • PPRF was set up to buy and sell seafood products to our local and overseas markets • There are challenges and difficulties to go through to be able set up a working system and successful business

After reviewing local coastal fishing (bottom reef fish), we determined that the depth of

After reviewing local coastal fishing (bottom reef fish), we determined that the depth of fishing is not exceed 50 meters. The local fishermen use spear diving or pulling out their drop lines by hands.

Also, the fishermen use light wooden or fiberglass boats with outboard motors that have

Also, the fishermen use light wooden or fiberglass boats with outboard motors that have a limited navigation area, and are not safe enough. The effectiveness of such methods is very low and has no perspectives.

On the base of experience of Japan and Korea we think it possible to

On the base of experience of Japan and Korea we think it possible to bring to Fiji small (8 – 10 meters) FBR boats and use it for bottom fishing.

According to our estimates, the current needs of local fishermen are 250 -300 boats.

According to our estimates, the current needs of local fishermen are 250 -300 boats.

Such kind of boats allows to use drop-line winch and reach the depth 350

Such kind of boats allows to use drop-line winch and reach the depth 350 -400 meters. The stock of fish on the depth from 350 - 400 meters still not in use on Fiji. The boats have inboard and outboard engines, full set navigation equipment. Crew 2 -3 persons, captain class 6. A boat can be stay on a fishing ground for 3 -5 days.

Main concerns: Consistency of supply Quality of Products To be able to: Supply the

Main concerns: Consistency of supply Quality of Products To be able to: Supply the market demands, assist local fishermen and maintain sustainability of our resources PPRF management in consultation with the Ministry of Fisheries have come up with a fishing project proposal for our local fishermen.

Proposal ● PPRF will provide fishing vessels, equipped with deep sea hydraulic or electric

Proposal ● PPRF will provide fishing vessels, equipped with deep sea hydraulic or electric fishing gears and navigational technology for safe and more productive catch for the fishermen ●These vessels can be use inshore and offshore ●Vessel will be given to local fishermen on payments term of 5 years where payments will be deducted from their weekly catch by agreed price and percentage.

Proposal ● Fiji Development Bank (FDB) is ready to assist local fishermen that requires

Proposal ● Fiji Development Bank (FDB) is ready to assist local fishermen that requires financial assistance. ● PPRF will buy all catch with legal size and weight from the fishermen based on agreed price.

Vessels Specifications GT Length Width Main engine on-board Max speed 2, 5 – 3,

Vessels Specifications GT Length Width Main engine on-board Max speed 2, 5 – 3, 5 tons 8 - 10 m 2, 2 - 2, 3 m 90 - 120 HP ( diesel ) 15 - 17 Kn. Main engine out-board 115 – 160 HP (Unleaded 4 Stroke) 20 - 25 Kn. 1, 2 – 2 tons 2 -5 m 3 100 – 500 m. Max speed Cargo capacity Fish holder Drop line These vessels are constructed with double hull and air pocket section for durability, safety and to withstand tough condition in the open sea, powerful engine installed to cater for the load.

Boat and Fishing Gear price ● Boat with Out board Engine - 25, 000.

Boat and Fishing Gear price ● Boat with Out board Engine - 25, 000. 00 USD ● Boat with In board Engine - 25, 000. 00 USD ● Fish Finder / GPS - 1, 425. 00 USD

PAYMENTS METHOD FIXED PRICE OPEN POLICY A set price of fish grade will be

PAYMENTS METHOD FIXED PRICE OPEN POLICY A set price of fish grade will be determined and $2 from each Kg of fish purchase by PPRF will be deducted for vessel payment. 20% of selling price of catch will be deducted for vessel payment and 80% will be paid to fishermen. This is local and export price. The company require a minimum catch of 300 kg per week. The company will require a minimum catch of 300 kg per week

To implement the project, it is necessary to attract investments. At the first stage,

To implement the project, it is necessary to attract investments. At the first stage, USD 250, 000 to be invested for the period up to 2 years. The funds invested will be used to purchase fishing boats, also to develop international market for bottom reef fish. At the second stage, USD 500, 000 to be invested for the period up to 5 years. The funds will be used to purchase fishing boats, also to develop international market for bottom reef fish.