In force2020 Revised Edition

Contents

Deep Seabed Mining Act 2015 · 2020 Revised Edition · Part 2 · Regulation of Deep Seabed Mining

7. Criteria for grant of licence, etc.

(1)

Only a Singapore company may apply for and be granted a licence.

(2)

A Singapore company may be granted more than one licence.

(3)

Before granting a licence to a Singapore company, the Minister must be satisfied that —

(a)

the company meets, or is likely to meet, the qualification standards under Annex III, Article 4 of the Convention;

(b)

the company will be applying to the ISA to enter into a corresponding ISA contract;

(c)

it is in Singapore’s interest to grant the licence and sponsor the company’s application for a corresponding ISA contract; and

(d)

any other criteria that may be prescribed are met.

Report

Part 3

Enforcement of Decisions and Awards

Part 4