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e-CFR data is current as of January 19, 2021 |
Title 15 → Subtitle B → Chapter IX → Subchapter D → Part 971 → Subpart D → §971.418 |
Title 15: Commerce and Foreign Trade
PART 971—DEEP SEABED MINING REGULATIONS FOR COMMERCIAL RECOVERY PERMITS
Subpart D—Issuance/Transfer: Terms, Conditions and Restrictions
§971.418 Diligence requirements.
The TCRs in each commercial recovery permit must include provisions to assure diligent development consistent with §971.503, including a requirement that recovery at commercial scale be underway within ten years from the date of permit issuance unless that deadline is extended by the Administrator for good cause.