[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: 15CFR971.416]



[Page 356]

 

                  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. 971.416  Approval of permit transfers.



    (a) The Administrator may transfer a permit after a written request 

by the permittee. After a permittee submits a transfer request to the 

Administrator, the proposed transferee will be deemed an applicant for a 

commercial recovery permit, and will be subject to the requirements and 

procedures of this part.

    (b) The Administrator will transfer a permit if the proposed 

transferee is a United States citizen and proposed commercial recovery 

activities meet the requirements of the Act and this part, and if the 

proposed transfer is in the public interest. The Administrator will 

presume that the transfer is in the public interest if it meets the 

requirements of the Act and this part. In case of mere change in the 

form or ownership of a permittee, the Administrator may waive relevant 

determinations for requirements for which no changes have occurred since 

the preceding application.