Current-law scope and cautions
- The PRC Deep Seabed Mineral Resources Law governs PRC persons exploring/developing seabed resources beyond national jurisdiction.
- The competent State Council ocean authority supervises the activity; institutional names should be checked against the current State Council allocation of functions.
- For a PRC applicant, the competent ocean authority decides a compliant pre-ISA application within 60 working days; after signing the International Seabed Authority exploration/development contract, the contractor must file a copy within 30 days.
- Financial assurance is not treated here as a universal statutory fixed amount; apply any contract-, project- or authority-specific security requirement.
Use: This is a screening/estimation tool, not legal, tax, accounting or regulatory advice. Confirm the latest primary authority, regulator/exchange practice, local rules and transaction documents before acting.
