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7 Verdrag van de Verenigde Naties inzake het recht van de zee

(a) Every applicant for registration as a pioneer investor shall pay to the Commission a fee of $US 250,000. When the pioneer investor applies to the Authority for a plan of work for exploration and exploitation the fee referred to in Annex III, article 13, paragraph 2, of the Convention shall be $US 250,000.

(b) Every registered pioneer investor shall pay an annual fixed fee of $US 1 million commencing from the date of the allocation of the pioneer area. The payments shall be made by the pioneer investor to the Authority upon the approval of its plan of work for exploration and exploitation. The financial arrangements undertaken pursuant to such plan of work shall be adjusted to take account of the payments made pursuant to this paragraph.

(c) Every registered pioneer investor shall agree to incur periodic expenditures, with respect to the pioneer area allocated to it, until approval of its plan of work pursuant to paragraph 8, of an amount to be determined by the Commission. The amount should be reasonably related to the size of the pioneer area and the expenditures which would be expected of a bona fide operator who intends to bring that area into commercial production within a reasonable time.

Regeling
Verdrag van de Verenigde Naties inzake het recht van de zee
Afkortingen
UNCLOS, VN Zeerechtverdrag
Soort
Verdrag
Geldend vanaf
28-07-1996
BWB-id
BWBV0003172
Versie
1996-07-28_0

In de hele regeling · Officiële tekst op wetten.overheid.nl