Seabed Authority move legal, technical and finance meetings online

Seabed Authority move legal, technical and finance meetings online

Tuesday, July 07, 2020

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KINGSTON, Jamaica — The International Seabed Authority announced on Monday that part two of this year's meeting of its Legal and Technical Commission (LTC) and Finance Committee are being held online, the first time ever that the technical expert members are meeting remotely.

The 30-member LTC will meet from July 6 to 31, while the 15-member Finance Committee will meet July 6-10. The meetings are part of the ISA's 26th annual session.

The LTC meetings, the ISA said, are to focus on consideration of an application for approval of a plan of work for exploration for polymetallic nodules in the international seabed area (the Area), and the development of standards and guidelines for activities in the Area, along with an evaluation of annual reports submitted by the contractors on their work in 2019.

The LTC is also expected to consider a report on the study of the potential impact of mineral production from the Area on the economies of developing land-based producer States which are likely to be most seriously affected.

Meanwhile, the focus areas for the Finance Committee include the proposed budget for the financial period 2021–2022, and the rules, regulations and procedures on the equitable sharing of financial and other economic benefits derived from activities in the Area, along with other financial matters.

“In light of the current challenges associated with convening international meetings, the LTC and the Finance Committee have commenced their work remotely and if needed, members will continue to work inter-seasonally to ensure there is minimal disruption to the overall workflow of the 26th session,” said ISA Secretary-General Michael W Lodge.

Plenary meetings of the LTC and the Finance Committee are being held in webinar format.

The technical body meetings are being held ahead of the 26th session of the Assembly and part II of the Council meetings, which have been postponed due to COVID-19, and are re-scheduled to take place in a reduced format in Kingston, Jamaica from October 7-16.

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