System for the Exploration and Exploitation of Resources of the seabed Area(common heritage materials)

Activities in the Area are to be carried out by the Enterprise and other commercial operators in accordance with Article 153(2) of the LOSC. The commercial operators include States Parties, State enterprises, natural or juridical persons which possess the nationality of States Parties or are effectively controlled by them or their nationals provided for in Article 153(2). This arrangement is called the ‘parallel system’. This system represents a compromise between various interest groups. Actually the LOSC provides three operational modes for deep seabed mining.
. System for the Exploration and Exploitation of Resources of the seabed Area(common heritage materials), Common Heritage, Exploration and Exploitation of Resources, LOSC, seabed Area

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