The 1994 Implementation Agreement about seabed area, under view of law of the sea, ‘mini-treaty’ regime, 1994 Implementation Agreement, Common Heritage of Mankind, Cost-effectiveness, Economic assistance: In order to assist developing countries, Financial terms of contracts, International Seabed Authority Endowment Fund for Marine Scientific Research in the Area, LOSC, Market-orientated Approaches, Production policies, seabed Area, The obligation to transfer technology, UNCLOS IIIView More The 1994 Implementation Agreement about seabed area, under view of law of the sea
Obligations and Liability of Sponsoring States about seabed area in law of the sea and customary international law, area, ITLOS, LOSC, obligation to apply a precautionary approach, obligation to apply best environmental practices, obligation to assist the Authority in the exercise of control over activities in the Area, obligation to cooperate with the Authority in the establishment and implementation of programmes for monitoring and evaluating the impacts of deep seabed mining on the marine environment, obligation to ensure the availability of recourse for compensation in respect of damage caused by pollution, obligation to take measures to ensure the provision of guarantees in the event of an emergency order by the Authority for protection of the marine environment, responsibility to ensure, seabed AreaView More Obligations and Liability of Sponsoring States about seabed area in law of the sea and customary international law
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