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South Georgia Tenders and Bids

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Economic activity in South Georgia and the South Sandwich Islands is limited. The territory has revenues of £6.3 million, 80% of which is derived from fishing licences Other sources of revenue are the sale of postage stamps and coins, tourism, and customs and harbour dues. Fishing takes place around South Georgia and in adjacent waters in some months of the year, with fishing licences sold by the territory for Patagonian toothfish, cod icefish and krill. Fishing licences bring in millions of pounds a year, most of which is spent on fishery protection and research. All fisheries are regulated and managed in accordance with the Convention for the Conservation of Antarctic Marine Living Resources (CCAMLR) system. Tourism has become a larger source of income in recent years, with many cruise ships and sailing yachts visiting the area (the only way to visit South Georgia is by sea; there are no airstrips on the Islands). The territory gains income from landing charges and the sale of souvenirs. Cruise ships often combine a Grytviken visit with a trip to the Antarctic Peninsula.

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