Author: bomuo

Dealers in securities in their own names on the Stock Exchange.

Creates a structure for the governance and protection of all of the sea, including the airspace above and the sea-bed and subsoil below. In particular, it provides a framework for the allocation of jurisdiction, rights and duties among States that carefully balances the interests of States in controlling activities off their own coasts and the interests of all States in protecting the freedom to use ocean spaces without undue interference.

The Convention addresses the balance of coastal and maritime interests with respect to all areas of the sea. From the absolute sovereignty that every State exercises over its land territory and superjacent airspace, the exclusive rights and control that the coastal State exercises over maritime areas off its coast diminish in stages as the distance from the coastal State increases.

The location of these zones under the Convention may be summarized as follows: The territorial sea extends seaward from the baselines to 12 nautical miles as the maximum permissible breadth of the territorial sea. The contiguous zone, exclusive economic zone (EEZ) and continental shelf all begin at the seaward limit of the territorial sea. The contiguous zone may extend to a maximum distance of 24 miles from the baselines. The EEZ may extend to a maximum distance of 200 miles from the baselines. The continental shelf may extend to a distance of 200 miles from the baselines or, if the continental margin extends beyond that limit, to the outer edge of the continental margin as defined by the Convention. The regime of the continental shelf applies to the sea-bed and subsoil and does not affect the status of the superjacent waters or airspace. The regime of the high seas applies seaward of the EEZ; significant parts of that regime, including freedom of navigation and overflight, also apply within the EEZ. The sea-bed beyond national jurisdiction, called the Area in the Convention, comprises the sea-bed and subsoil beyond the seaward limit of the continental shelf.