Consider the following statements regarding International Seabed Authority and Deep Sea Mining:
1. It regulates deep sea mining only in the exclusive economic zones of the country as well as the open oceans beyond the jurisdiction of any littoral country.
2. It functions under the aegis of the United Nations Convention on Law of the Sea (UNCLOS).
Which of the above statements is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2