Paragraph 4
Section 17 (interpretation) is modified as follows.
Omit the definitions of “ancillary operations”, “inspector”, “ licensed area”, “licensed operations”, “licensee”, “prescribed ”, “reciprocal authorisation”, “reciprocating country” and “ ship”.
For the definition of “exploitation licence” substitute—
““exploitation licence” means a licence granted under section 2 of this Act as it has effect in the United Kingdom authorising the licensee to exploit the hard mineral resources of such part of the deep sea bed as may be specified in the licence;”.
For the definition of “exploration licence” substitute—
““exploration licence” means a licence granted under section 2 of this Act as it has effect in the United Kingdom authorising the licensee to explore for the hard mineral resources of such part of the deep sea bed as may be specified in the licence;”.