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Report: http://www.ices.dk/reports/FTC/2005/SGUFM05.pdf

Fishing mortality (F) is defined by The Study Group on Unaccounted Mortality in Fisheries (ICES, 1995) as "'The sum of all fishing induced mortalities occurring directly as a result of catch or indirectly as a result of contact with or avoidance of the fishing gear'"

...

• New nets are not biodegradable--when they get loose they are permanent death machines
• In deep water (>200m), ghost fishing can last for years (several year old nets are still active in Canada)
  • In shallow water the nets get fouled
    • I don't know what fouling really means

The group working on quotas should read starting on PDF page 18.