[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: 15CFR970.513]



[Page 330]

 

                  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.