(1) Unless authorised in writing by the Commission, a fishing vessel shall not be used for transshipment of fish in the fishery waters without the supervision of an authorised officer or under any other arrangement and conditions approved in advance by the Council.

(2) The master, owner or charterer of a vessel used in contravention of subsection (1) commits an offence and is liable on summary conviction to a fine of not less than

(a) $100,000 and not more than $2 million in respect of a foreign fishing vessel, or a local industrial or semi-industrial fishing vessel, or

(b) two hundred and fifty penalty units and not more than one thousand penalty units in the case of a canoe, and in addition to the fine, all the fish and fish products on the vessel shall be confiscated to the Republic.