Thank you, Lisa.
To follow along, we've had a number of letters that came along after the meeting Lisa spoke about where we got the group together, where we got the industry together. Fishermen's associations across the maritime region are extremely concerned about the proposed stability regulations and the financial implications for their fishermen.
A number of associations have put forward letters to support the need for awareness and education on the issues, not more regulation. And sometimes, for fishing industries to take the time to write a letter in this day and age is in itself quite a thing. We'll submit them to the committee; we have a package here with a number of those letters so you can get a feel for what has been said.
The industry is safety minded, and I think that's one of the things we want to continue to remind everybody of. Sometimes at Transport Canada we've had the sense that we're being branded as unsafe people. I want to clearly state that the industry is very interested in safety. But we need to do it in a way that's beneficial for everybody. The incidents within the region have been minimal for the inshore fleet, and I think we have to continue to remember that.
The Nova Scotia Boatbuilders Association also recognizes industry's concern in relation to this issue and has also offered a letter in recognition of the issues faced by the industry. And I'm sure Harland will speak to that a little later on.
The vessel that Lisa spoke about in her part of the presentation, for $68,000.... There was an economic impact assessment conducted by the Province of New Brunswick on a vessel from the Bay of Fundy. This assessment is in relation to the fishing vessel from Grand Manan, New Brunswick. The costs outlined in this document realized that if this vessel is to comply with the proposed regulations as they—