[Code of Federal Regulations] [Title 15, Volume 3] [Revised as of January 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 15CFR970.507] [Page 328] TITLE 15--COMMERCE AND FOREIGN TRADE CHAPTER IX--NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT OF COMMERCE PART 970_DEEP SEABED MINING REGULATIONS FOR EXPLORATION LICENSES--Table of Contents Subpart E_Issuance/Transfer/Terms, Conditions and Restrictions Sec. 970.507 Safety at sea. Before issuing or transferring an exploration license, the Administrator must find that the exploration proposed in the application will not pose an inordinate threat to the safety of life and property at sea. This finding will be based on the requirements reflected in Sec. Sec. 970.205 and 970.801.