§ 971.803 Relinquishment and surrender of licenses and permits.
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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 H: Miscellaneous › § 971.803: § 971.803 Relinquishment and surrender of licenses and permits.
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(a) Any licensee or permittee may at any time, without penalty:
(1) Surrender to the Administrator a license or permit issued to the licensee or permittee; or
(2) Relinquish to the Administrator, in whole or in part, any right to conduct any exploration or commercial recovery activities authorized by the license or permit.
(b) Any licensee or permittee who surrenders, or relinquishes any right under, a license or permit will remain liable with respect to all violations and penalties incurred, and damage to persons or property caused, by the licensee or permittee as a result of activities engaged in by the licensee or permittee under the license or permit.
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