# 15 C.F.R. § 971.102 (2026): Nature of permits

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_102

## Section

- **Citation:** 15 C.F.R. § 971.102 (2026)
- **Heading:** Nature of permits
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 15 CFR: Commerce and Foreign Trade / Chapter IX: NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT OF COMMERCE / Part 971: DEEP SEABED MINING REGULATIONS FOR COMMERCIAL RECOVERY PERMITS / Subpart A: General / § 971.102: § 971.102   Nature of permits.

## Text

(a) A permit issued under this part authorizes the holder thereof to engage in commercial recovery within a specific portion of the sea floor consistent with the provisions of the Act and this part and consistent with the specific terms, conditions, and restrictions (TCRs) applied to the permit by the Administrator.
(b) A permit issued under this part is exclusive with respect to the holder thereof as against any other United States citizen or any citizen, national or governmental agency of, or any legal entity organized or existing under the laws of, any reciprocating state.
(c) A valid existing license under 15 CFR part 970 will entitle the holder, if otherwise eligible under the provisions of the Act and implementing regulations, to a permit for commercial recovery from an area selected from within the license area. Such a permit will recognize the right of the holder to recover hard mineral resources, and to own, tranport, use, and sell hard mineral resources recovered under the permit and in accordance with the requirements of the Act and this part.

## Nearby sections

- [15 C.F.R. § 971.100 (2026) § 971.100   Purpose.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_100.md)
- [15 C.F.R. § 971.101 (2026) § 971.101   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_101.md)
- [15 C.F.R. § 971.102 (2026) § 971.102   Nature of permits.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_102.md)
- [15 C.F.R. § 971.103 (2026) § 971.103   Prohibited activities and restrictions.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_103.md)
- [15 C.F.R. § 971.104 (2026) § 971.104   OMB control number.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_104.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T15_P971_S971_102. Check the current official text before relying on it. Not legal advice.