All marine waters of the Southeast Pacific bounded by a line commencing from a point on the coast of South American Mainland at the border between Panama and Colombia at 7°12'39''N latitude and 77°53'20''W longitude; thence running on a rhumb line in a southwesterly direction to 5°00'N latitude and 79°52''W longitude; thence running due west along the parallel 5°00'N to the meridian 120°00'W; thence due south to 60°00'S latitude; thence due east along this parallel to a point at 67°16'W longitude; thence due north to 56°22'S latitude; thence due east to 65°43'W longitude; thence due north to 55°22'S latitude; thence in a northwesterly direction along a rhumb line and across the Beagle Canal to the border between Chile and Argentina; thence in a northerly direction along the Pacific coast of South America to the point of departure.