GroundRules
30 CFR 583.335: What is the term of the agreement?
Where this section sits in the code
- Title 30—Mineral Resources
- CHAPTER V—BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR
- SUBCHAPTER B—OFFSHORE
- PART 583—NEGOTIATED NONCOMPETITIVE AGREEMENTS FOR THE USE OF OUTER CONTINENTAL SHELF SAND, GRAVEL, AND/OR SHELL RESOURCES
- Subpart C—Outer Continental Shelf Sand, Gravel, and/or Shell Resources Negotiated Agreements
(a) An agreement will terminate upon one of the following, whichever occurs first:
(1) The agreement expires by its own terms, unless the term is extended prior to expiration under § 583.345;
(2) The project is terminated, as set forth in § 583.350; or
(3) A party to the agreement notifies BOEM, in writing, that sufficient OCS sand, gravel, and/or shell resources, up to the amount authorized in the agreement, have been obtained to complete the project.
(b) Absent extraordinary circumstances, no agreement will be for a term longer than five years from its effective date.
Collected 2026-08-27T02:25:24Z. Source file · JSON