Paragraph 21 Transfer of licence

The Licensee shall not without the consent of the Secretary of State in writing assign or part with any of the rights granted by this licence in relation to the whole or any part of the exploration area or grant any sub-licence in respect of any such rights.

The Licensee shall apply in writing for the consent of the Secretary of State to an assignment (or in Scotland assignation) of the licence or any part thereof by providing details of the proposed assignee similar to those required of an applicant making an application for an exploration licence governed by the Deep Sea Mining (Exploration Licences) (Applications) Regulations 1982.