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The International Seabed Authority (ISA) is inviting proposals for a consultancy to prepare a standard and/or guidelines for insurance obligations for activities in the international seabed area (the Area).
The Draft Regulations on Exploitation of Mineral Resources in the Area (ISBA/25/C/WP.1) require that all contractors of ISA obtain and maintain, and cause its subcontractors to obtain and maintain, in full force and effect, insurance with financially sound insurers satisfactory to ISA.
ISA is seeking a consultant to prepare standard and/or guidelines for insurance obligations in accordance with the Draft Exploitation Regulations as well as existing draft standards and guidelines.
The consultant should have the requisite experience or knowledge in (i) drafting regulatory frameworks; (ii) the ISA’s existing regulatory framework as well as the current draft of the exploitation regulations and draft standards and guidelines; (iii) public international law, including advising on matters concerning the law of the sea; and (iv) marine, offshore oil and gas or mining insurance obligations.