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What are global regulations and requirements for vessels to carry VMS?

What are global regulations and requirements for vessels to carry VMS?
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VMS requirements vary greatly by region and fleet. For instance in Peru steel-hulled fishing vessels with a hold capacity over 32.6 cubic meters (around 15 meters in length) must use VMS. Additionally, all vessels in the anchovy fishery must transmit VMS. So VMS is typically mandated for vessels over a certain size but certain fleets may also have extra coverage or exemptions.  

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