[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: 15CFR971.418]

[Page 358]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
CHAPTER IX--NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT 
                               OF COMMERCE
 
PART 971_DEEP SEABED MINING REGULATIONS FOR COMMERCIAL RECOVERY PERMITS--Table 
of Contents
 
     Subpart D_Issuance/Transfer: Terms, Conditions and Restrictions
 
Sec. 971.418  Diligence requirements.

    The TCRs in each commercial recovery permit must include provisions 
to assure diligent development consistent with Sec. 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.