심해저 광물자원의 상업적 개발을 위한 로열티에 대한 검토 KCI

Title
심해저 광물자원의 상업적 개발을 위한 로열티에 대한 검토
Alternative Title
Legal considerations on the fiscal mechanisms and financial payments for establishing regulations of mineral resources exploitation in the Area
Author(s)
박성욱
KIOST Author(s)
Park, Seong Wook(박성욱)
Publication Year
2019-06
Abstract
For the commercial development of the deep-sea mineral resources, the International Seabed Authority(the ISA) is in the process of preparing the exploitation regulations for the deep-sea mining. The key issue is the financial system of development, especially the type and proportion of royalties. The exploitation regulations draft provides for royalties, but the actual rates for them are blank. Under the principle of redistributing deep-sea mineral resources as a common heritage of the mankind, the ISA assumes three approaches to loyalty assessment: unit-based royalties system, value-based royalties system and profit-based royalties system. In the initial stage of development of the deep-sea mineral resources, the risk is very high, so early uncertainty must be reduced to increase the possibility of investment success. Therefore, the ISA should lower the royalty at the initial stage, attract the investment, and impose the royalty on the contract at the time the revenue is generated. In other words, the ISA only charges developers a fixed fee based on the area of development in the development system preparation phase. The ISA must ensure that contractors will be able to recover capital costs from sales in order to gain profits when entering the commercial mining phase and charge royalties on remaining revenues excluding capital costs.
ISSN
1225-0341
URI
https://sciwatch.kiost.ac.kr/handle/2020.kiost/606
DOI
10.35372/kmiopr.2019.34.1.001
Bibliographic Citation
해양정책연구, v.34, no.1, pp.1 - 22, 2019
Keywords
Deep-sea Mineral Resources; International Seabed Authority; Common Heritage of the Mankind; Exploitation Regulations; Unit-based royalties system; Value-based royalties system; Profit-based royalties; 심해광물자원; 국제해저기구; 인류공동유산; 개발규칙; 단위기반로열티; 금속판매기준 로열티; 수익기준 로열티
Type
Article
Language
Korean
Related Researcher
Research Interests

Law of the Sea,Marine Policy,해양법,해양정책

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