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(h) "vessel" (of a Party) means:
(i) in the case of the United Kingdom, a fishing vessel flying the flag of the United Kingdom, registered in the United Kingdom, the Bailiwick of Guernsey, the Bailiwick of Jersey or the Isle of Man, and licensed by a UK fisheries administration;
(ii) in the case of the Union, a fishing vessel flying the flag of a Member State and is registered in the Union.