L 131/50 Official Journal of the European Communities 27.5.1999 (Acts whose publication is not obligatory) COUNCIL COUNCIL DECISION of 10 May 1999 on the conclusion of the Agreement in the form of an Exchange of Letters concerning the provisional application of the Protocol defining for the period 18 January 1999 to 17 January 2002 the fishing opportunities and the financial contribution for by the Agreement between the European Economic Community and the Republic of Seychelles on fishing off Seychelles (1999/341/EC) THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, Having regard to the Agreement between the European Economic Community and the Republic of Seychelles on tishing off Seychelles ('), signed in Brussels on 28 October 1987, and in particular Article 12 thereof, Having regard to the proposal from the Commission, (1)  Whereas the Community and the Republic of Seychelles have held negotiations with a view to determining amendments to be made to the above- mentioned Agreement at the end of the period of application of the Protocol in force which is annexed thereto; (2) Whereas, as a result of these negotiations, a new Protocol was initialled on 21 December 1998, by virtue of which Community fishermen are to enjoy fishing opportunities in the waters falling within the sovereignty or jurisdiction of the Republic of Seychelles for the period 18 January 1999 to 17 January 2002; (3)  Whereas, in order to avoid interruption of fishing activities by Community vessels, both parties have initialled an Agreement in the form of an Exchange of Letters providing for the provisional () OJ L 119, 7.5.1987, p. 26. application of the said Protocol from the day following the date of expiry of the Protocol previ- ously in force; 4) Whereas the Agreement in the form of an Exchange of Letters should be approved subject to a definitive decision pursuant to Article 43 of the Treaty; (5) Whereas the method for allocating the fishing opportunities among the Member States should be defined on the basis of the traditional allocation of tishing opportunities under the fisheries agree- ment, HAS DECIDED AS FOLLOWS: Article 1 The Agreement in the form of an Exchange of Letters concerning the provisional application of the Protocol defining, for the period 18 January 1999 to 17 January 2002, the fishing opportunities and the financial contri- bution provided for by the Agreement between the Euro- pean Community and the Republic of Seychelles on tishing off Seychelles is hereby approved on behalf of the European Community. The text of the Agreement in the form of an Exchange of Letters is attached to this Decision.