Iceland extends its fishing limits from 12nm to 50nm to conserve fish stocks and increase Iceland’s share of total catches. They had considered a 200nm limit but the 50nm option was more manageable.
UK contests Iceland’s claims on the grounds that they also had the right to enable greatest possible catch quota for the British fisherman and to prevent future unilateral decisions being an accepted practice.
09/01/1972
A law was ratified enabling the fishing limits to be expanded to 50nm.
09/02/1972
Despite the new law, British and German trawlers continued to fish within the zone, so Icelandic coastguard vessels chased 16 trawlers out of the 50 mile zone.
09/05/1972
Icelandic patrols began deploying net cutters against British trawlers.
11/25/1972
A crewman on a German trawler had his skull broken when a wire was cut and struck him.
01/23/1973
Icelandic patrols had to divert attention to rescue inhabitants of a small island when a volcano erupted.
05/17/1973
British trawlers leave the area but return two days later escorted by the Royal Navy.
08/29/1973
Icelandic coastguard vessel collides with a British trawler, resulting in the first fatality.
09/16/1973
Growing pressure from the population had Iceland considering leaving NATO due to their lack of support during the conflicts.
10/08/1973
Secretary General visits to smooth things over. An agreement was reached that would limit UK trawlers to 130,000 tons of fish and British frigates were recalled from that area. The agreement would come to an end in 1975.