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1. The master of the vessel fishing in the Regulatory Area shall:

(a) have equipment on board the fishing vessel to retrieve lost gear;

(b) if the gear or part of it is lost, make every reasonable attempt to retrieve it as soon as possible; and (c) not deliberately abandon fishing gear, except for safety reasons.

2. If the lost gear cannot be retrieved, the master of the vessel shall notify the flag Member State within 24 hours of the following:

(a) the name and call sign of the vessel;

(b) the type of lost gear;

(c) the quantity of gear lost;

(d) the time when the gear was lost;

(e) the position where the gear was lost; and (f) the measures taken by the vessel to retrieve the lost gear.

3. Following retrieval of lost gear, the master of the vessel shall notify the flag Member State within 24 hours of the following:

(a) the name and call sign of the vessel that has retrieved the gear;

(b) the name and call sign of the vessel that lost the gear (if known);

(c) the type of gear retrieved;

(d) the quantity of gear retrieved;

(e) the time when the gear was retrieved; and (f) the position where the gear was retrieved.

4. The Member State shall without delay notify the Commission of the information referred to in paragraphs 2 and 3, for transmission to the NAFO Executive Secretary.