Exemptions from prohibition in section 1
3A
1
A person to whom section 1 applies (“P”) is not prohibited by that section from prospecting for mineral resources in any area of the deep sea bed if P does so in accordance with the terms of a notification of prospecting—
a
given by P to the Authority under the Convention, and
b
recorded by the Authority as complying with the requirements of the Convention.
2
Where a person to whom section 1 applies holds a contract for exploration granted by the Authority or is the agent or employee of the holder of such a contract (acting in that capacity), that person is not prohibited by that section from exploring for any of the description of mineral resources to which the contract relates in any area of the deep sea bed in respect of which the contract is in force.
3
Where a person to whom section 1 applies holds a contract for exploitation granted by the Authority or is the agent or employee of the holder of such a contract (acting in that capacity), that person is not prohibited by that section from exploiting any of the description of mineral resources to which the contract relates in any area of the deep sea bed in respect of which the contract is in force.
Ss. 3, 3A substituted for s. 3 (14.7.2014) by Deep Sea Mining Act 2014 (c. 15), s. 2(3), Sch. para. 4