I've been refreshing my memory on the Law of the Sea Treaty, this may just be the last piece of legislation the international bankers are seeking before they hold us accountable for our debts. Part XI is a good place to begin reading. The link is attached.

http://www.un.org/Depts/los/convention_agreements/texts/unclos/closindx.htm

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One Response to “I've been refreshing my memory on the Law of the Sea Treaty, this may just be the last piece of legislation the international bankers are seeking before they hold us accountable for our debts. Part XI is a good place to begin reading. The link is attached.”
  1. Caitlyn Antrim says:

    The US Navy wants the Convention, as does the Coast Guard. Energy, fishing, shipping and telecomm industries support it. So do environmental organizations and the scientific societies. Banks, though, haven’t been weighing in at all.

    The primary purpose of the LOS Convention is to provide a stable legal order for the oceans that balances the rights to free use of the seas with coastal state authority over the resources off their coasts. The broad support from groups in the US that have specific interests in the use of the seas reflects the US success in negotiating terns that did particularly well for our own interested across the board.

    The Convention became even better for us after we negotiated fixes to the six specific issues, all in Part XI, that President Reagan said were the only stumbling blocks to his signature. With those fixes in place, it should be no surprise the President Bush supported US ratification just as Obama is expected to.

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