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1982: Nauru Agreement Concerning Cooperation In The Management Of Fisheries Of Common InterestRelated Lineage is: Micronesia FisheriesProvisions coded as containing the code: SOVR
||Noting that, in accordance with the relevant principles of international law, each of the Parties has established an exclusive economic zone or fisheries zone (hereinafter respectively called "the Fisheries Zones") which may extend 200 nautical miles from the baselines from which their respective territorial seas are measured and within which they respectively and separately exercise sovereign rights for the purposes of exploring, exploiting, conserving and managing all living marine resources;
||Desirous of establishing, without prejudice to the sovereign rights of each Party, arrangements by which this may be achieved.
||The Parties shall seek, without any derogation of their respective sovereign rights, to coordinate and harmonize the management of fisheries with regard to common stocks within the Fisheries Zones, for the benefit of their people.
||b. Explore the possibility of establishing, without prejudice to the respective sovereign rights of the Parties, a centralized licensing system of foreign fishing vessels.
||Nothing contained in this Agreement shall be construed as a derogation of any of the rights and obligations undertaken by any of the Parties under the South Pacific Forum Fisheries Agency Convention or any other international agreement in effect on the date on which this Agreement enters into force.