Ex-vessel value means, for the purposes of the cost recovery program specified at 660.115, all compensation (based on an arm's length transaction between a buyer and seller) that a fish buyer pays to a fish seller in exchange for groundfish species (as defined in 660.11), and includes the value of all in-kind compensation and all other goods or services exchanged in lieu of cash. Ex-vessel value shall be determined before any deductions are made for transferred or leased allocation, or for any goods or services.
50 CFR § 660.111
These definitions are specific to the limited entry trawl fisheries covered in this subpart. General groundfish definitions are found at 660.11.