Singapore legislation

Section 5

Exceptions to section 4

A Singapore company may explore for or exploit a resource in a part of the Area if —

(a)

the company has been granted a licence to explore for or exploit that type of resource in that part of the Area;

(b)

that licence remains in force;

(c)

the company has entered into a corresponding ISA contract; and

(d)

the corresponding ISA contract remains in force.

An individual who is a Singapore citizen may explore for or exploit a resource in a part of the Area if —

(a)

the individual is acting as an employee or agent of —

(i)

a Singapore company in respect of which the requirements of subsection (1) are satisfied; or

(ii)

a person who has entered into an ISA contract under the sponsorship of any State other than Singapore, and the ISA contract remains in force; and

(b)

the individual’s exploration or exploitation activities are within the scope of —

(i)

the licence granted to the Singapore company mentioned in paragraph (a)(i); or

(ii)

the ISA contract mentioned in paragraph (a)(ii),as the case may be.