The theme of the joint issue of small nations in Europe (SEPAC) is landscape. The motif of the Icelandic stamps in this third and last issue is Snaefellsjokull (Snaefell Glacier) National Park.
Former motifs for the Icelandic SEPAC stamps were Jokulsargljufur and Skaftafell.
SEPAC stands for Small European Postal Administration Cooperation. This cooperation is primarily concerned with issuing postage stamps but also includes sales and marketing.
Snaefellsjokull National Park was founded by a legislation on nature conservation in June 2001 and is the fourth national park in Iceland. The area is characterized by its extremely diverse geology. Formerly it was the site of hectic activity with up to 60 fishing boats and 300-400 seamen during the fishing season. Among the books that have carried the name of Snaefellsjokull around the world is the novel by French author Jules Verne "Journey to the Centre of the World".