Code of Conduct on International Fisheries

Sea Value and its subsidiary companies (Unicord Public Co., Ltd. and I.S.A. Value Co., Ltd.) have recognized to do business regarding the Corporate Social Responsibility and environment. And we also have determined to promote and support the aquatic resources and ecosystems conservation including doing business regarding ethics, accuracy, transparent, and respect to human rights and labor practices as recognized by the international community. The purpose of this Code of Conduct on International Fisheries is to be a practical guideline for Sea Value Group and its supply chains to acknowledge and comply with, achieving the sustainability for present and future generation.

 

Implementation Guidelines

Fisheries and Sustainability

1. Sea Value Group is member of the Thai Tuna Industry Association (TTIA) that is committed to promoting and encouraging its members to operate properly, in accordance with Royal Ordinance on Fisheries, international laws and international principles. And also cooperate with relevant international organizations which recognized in the fishing industry such as the Regional Fisheries Management Organizations (RFMOs) in order to prevent, deter and eliminate Illegal, Unreported and Unregulated (IUU) fishing based on the principles as follows:

1.1 Collect the academic principles and scientific data postulated by the Food and Agriculture Organization of the United Nations (FAO), Thailand’s Department of Fisheries, or the European Union (EU), in order to be used in redressing the management of Thailand’s marine resources.

1.2 Operate under the legal framework proposed by FAO or enshrined in the United Nations Conference on the Law of the Sea 1982 (UNCLOS 1982) regulations.

1.3 All problems concerned in IUU issues shall be implemented in a transparent manner. All relevant documents must be available for reference and inspection.

1.4 Construct cooperation between third countries, as the core of the legal corpus of the EU’s IUU regulation, in order to redress and enhance various issues with an aim of restoring fisheries resources.

2. Sea Value Group shall be conduct transactions in tuna caught by vessels or suppliers that are authorized by RFMOs and an artisanal boat, farm and a processor are authorized by government.   

3. Sea Value Group is member of the International Seafood Sustainability Foundation (ISSF) which adopted conversation measures to preservation of the marine sanctuary to conserve the aquatic resources and marine ecosystem, based on the principles as follows:

3.1 Bycatch Mitigation

3.1.1 There is a policy about prohibiting shark finning. “Publish” for the purpose of this measure includes posting the policy on the company’s public website. If we found that fishing vessels and suppliers do not follow this policy, the company immediately cancels to conduct transaction for two years after the end of the investigation.

3.1.2 Do not catch tuna by large-scale pelagic driftnets.

3.1.3 Retain all caught tuna because there is the actual impact on the tuna stocks by fishing operations, except those unfit for human consumption, or when in the final set of a trip, there is insufficient well space to accommodate all fish caught in that set.

3.1.4 Skippers have attended an ISSF Skippers Workshop in person which provides information on best practices.

3.1.5 Purse seine vessels shall have a policy regarding the use of non-entangling FADs which can reduce chances of shark and/or turtle entanglement.

3.2 Monitoring, Control and Surveillance

3.2.1 The vessels listed in the RFMO authorized vessel record and have capable of being registered by the International Maritime Organization (IMO).

3.2.2 Large-scale purse seine vessels have 100% observer coverage (human or electronic if proven to be effective) on every fishing trip and observing every fishing operation, unless prevented by force majeure conditions in a particular region. Force majeure is an event or effect, both acts of nature and acts of people that can be neither anticipated nor controlled, such as floods, hurricanes, riots, strikes or war.

3.2.3. Purse seine vessels do not engage in transshipments at sea, whether high seas, EEZ, territorial seas or archipelagic waters. Exemptions will be made in cases where the at-sea transshipments are authorized by RFMOs.

3.3 Illegal, Unreported and Unregulated (IUU) fishing

3.3.1 Refrain transactions in tuna caught by harvesting vessels or transported by transshipment vessels on the IUU Vessel List of any RFMO.

3.3.2 If product is later found as vessel placed on the IUU vessel list it shall be withdraw from the marketplace.

3.4 ProActive Vessel Register

3.4.1 Sea Value Group has to conduct transaction only with Large-scale purse seine vessels that registered on the ISSF Proactive Vessel Register (PVR) after January 1, 2016 onwards.

4. Sea Value Group shall be conduct transaction transparently in order to ensure that our policies and practices conform and follow the international standards in Anti-IUU fishing and sustainable fishery aspects.

5. Sea Value Group has selected and managed to ensure that suppliers or fishing vessels have good practice in fisheries. If found any suppliers or fishing vessels are alleged involving in IUU activity Sea Value Group will stop transaction with them and the resumption will be continued when Sea Value Group ensure them that improved and cleaned from wrongdoing practices.

 

Labor

1. Sea Value Group shall promotes and supports TTIA’s activities in order to against child labor, forced labor and human trafficking and slavery in manufacturing industry based on the following principles:

1.1 worked closely with concerned parties such as the government sector, NGOs and other international organizations.

1.2 Supports enhancing Welfare Committee’s efficiency in the manufacturing industry and the role of the Employees' Welfare Committee in complaints.

1.3 There are activities that support all of the Good Labor Practice (GLP) which is applied in manufacturing industry.

2. The raw material and/or product must be derived from suppliers or fishing vessels that have a Good Labor Practices (GLP), legality of local laws, international laws and international principles. There is no child labor, forced labor and human trafficking and slavery on board. 

3. Sea Value Group has selected and managed to ensure that suppliers or fishing vessels have good practice in labor. If found any suppliers or fishing vessels are alleged involving in child labor, forced labor, human trafficking and slavery Sea Value Group will stop transaction with them and the resumption will be continued when Sea Value Group ensure them that improved and cleaned from wrongdoing practices.

 

Traceability

1. All import and export of fishery products shall be operated in accordance with the Port State Measure (PSM), Processing Statement Endorsement (PSE) under the Fishery Single Window (FSW), as known as PPS system by Department of Fisheries Thailand.

2. Traceability records of the raw material and/or product from fisheries, aquaculture and a processor shall be able to link the raw material and/or product at every stage from receiving, transport, processing, dispatch and selling including keeping to be traceable

3. There is operating in accordance law of partnership regarding traceability such as the Seafood Import Monitoring Program (SIMP) by National Oceanic and Atmospheric Administration (NOAA) the United State of America.