|IOM AS CONTRACTOR FOR SEABED EXPLORATION IN THE LIGHT OF INTERNATIONAL LAW|
Interoceanmetal Joint Organization (IOM), established in 1987, is an intergovernmental body created to carry out exploration of oceanic deep-sea polymetallic nodules. Since its establishment, IOM has been carrying out comprehensive geological, geophysical, and oceanographic studies in its area of interest in order to prepare a sound basis for registration of its claim to an area of nodule deposits. The Organization focused its interest on the Eastern Area of the Clarion-Clipperton Region, an area most interesting from the economic point of view. IOM, certified by the governments of Bulgaria, Cuba, Czech Republic, Poland, Russian Federation, and Slovak Republic, received its Certificate of Registration in 1992; in 1995, IOM was granted the Certificate of Compliance.
In 2001, in accordance with the Regulations on Prospecting and Exploration for Polymetallic Nodules in the Area, approved by the Assembly on 13 July 2000, the International Seabed Authority entered into the first fifteen year contracts for exploration for polymetallic nodules in the deep seabed with the seven former pioneer investors registered pursuant to resolution II of the Third United Nations Conference on the Law of the Sea.
In 2004, the International Seabed Authority celebrating its 10-th anniversary [21, 22, 23].
|Key Words:||IOM's activity in claim area, legal status of Contractors, deep-sea polymetallic nodules.|