[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: 15CFR970.513]

[Page 331]
 
                  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. 970.513  Revision of a license.

    (a) During the term of an exploration license, the licensee may 
submit to the Administrator an application for a revision of the license 
or the exploration plan associated with it. NOAA recognizes that changes 
in circumstances encountered, and in information and technology 
developed, by the licensee during exploration may require such 
revisions. In some cases it may even be advisable to recognize at the 
time of filing the original license application that although the 
essential information for issuing or transferring a license as specified 
in Sec. Sec. 970.201 through 920.208 must be included in such 
application, some details may have to be provided in the future in the 
form of a revision. In such instances, the Administrator may issue or 
transfer a license which would authorize exploration activities and 
plans only to the extent described in the application.
    (b) The Administrator will approve such application for a revision 
upon a finding in writing that the revision will comply with the 
requirements of the Act and this part.
    (c) A change which would require an application to and approval by 
the Administrator as a revision is a major change in one or more of:
    (1) The bases for certifying the original application pursuant to 
Sec. Sec. 970.401 through 970.406;
    (2) The bases for issuing or transferring the license pursuant to 
Sec. Sec. 970.503 through 970.507; or
    (3) The terms, conditions and restrictions issued for the license 
pursuant to Sec. Sec. 970.517 through 970.524.

A major change is one which is of such significance so as to raise a 
question as to:
    (i) The applicant's ability to meet the requirements of the sections 
cited in paragraphs (c) (1) and (2) of this section; or
    (ii) The sufficiency of the terms, conditions and restrictions to 
accomplish their intended purpose.