SKOPIL, Circuit Judge:
INTRODUCTION
The Japanese stern trawler KAIYO MARU NO. 53 ("KAIYO") was seized for failing to log a large quantity of fish and for taking prohibited species in violation of the Fishery Conservation and Management Act ("FCMA" or "the Act"), 16 U.S.C. §§ 1821, 1857. The district court imposed a $450,000 penalty, rejecting the government's contention that the penalty must equal the vessel's full value. The district court also...
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