The authors reconstruct a mooring type underwater positioning system to measure the movement of bag-net in a set-net by long base line mode with four transponders attached on the bag-net in latitudinal and a transponder fixed on the sea bed. To confirm the practical use of the system, the field experiments were carried out at the Jaran Bay, Kosung, Kyungnam Prov., on October 6, 2000 (neap tide) and November 28, 2000 (spring tide). And the vertical oscillation of bag-net was observed with three data loggers attached on the bottom of bag-net in longitudinal on November 28, 2000. The longitudinal movement range, the latitudinal one and the vertical one of the bag-net were 3.2 m, 3.4 m and 2.1 m. respectively. At the spring tide, these variations were 7.8 m, 7.8 m and 5.0 m, respectively. The vertical oscillation range about the bottom of the bag-net at near point of the slope net, at the middle part and at far point from the slope net were 3.2 m, 3.7 m and 8.4 m, respectively. The depth of the bottom net was decreased and its vertical oscillation appeared frequently when the current speed was more than 10 cm/s and the current direction was significantly different from the longitudinal axis of the bag-net. The variation of hydrophone coordinates measured by the transponder fixed on the sea bed presents that hydrophones equipped to the frame line of the set-net could be moved within several meters due to the tidal current. The fact indicates that the compensation of hydrophone coordinates is necessary to reduce the measuring errors. The position measuring errors of x, y and z axis of the system measured in the cage of aquaculture were 0.6 m, 0.8 m, and 1.2 m, respectively. And the errors of the transponders those were close to the base lines or placed in the baselines were smaller than those of others.