[Code of Federal Regulations]

[Title 15, Volume 3]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 15CFR970.402]



[Page 324]

 

                  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 D_Certification of Applications

 

Sec. 970.402  Technological capability.



    (a) Before the Administrator may certify an application for an 

exploration license, he must find that the applicant has demonstrated 

that, upon issuance or transfer of the license, the applicant will 

possess, or have access to or a reasonable expectation of obtaining, the 

technological capability to engage in the proposed exploration.

    (b) In order for the Administrator to make this determination, the 

applicant must demonstrate to the Administrator's satisfaction that the 

applicant will possess or have access to, at the time of issuance or 

transfer of the license, the technology and expertise, as needed, to 

carry out the exploration program set forth in his exploration plan.