windyMagician
19:23
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
EEZ
Read a random definition: noncontest clause
A quick definition of EEZ:
EEZ stands for Exclusive Economic Zone. This is an area of ocean that is controlled by a country and extends 200 nautical miles from its coastline. Within this zone, the country has special rights to explore and use the natural resources found in the ocean, such as fish, oil, and gas. Other countries are not allowed to fish or extract resources from this area without permission from the country that controls the EEZ.
A more thorough explanation:
Definition: EEZ stands for Exclusive Economic Zone. It is a maritime zone extending 200 nautical miles from a coastal state's baseline, within which the state has special rights to explore, exploit and manage the natural resources in the water and on the seabed.
Example: For instance, the United States has an EEZ in the Atlantic Ocean, the Gulf of Mexico, and the Pacific Ocean. Within this zone, the US has exclusive rights to fish, drill for oil and gas, and conduct scientific research.
Explanation: The example illustrates how a coastal state can claim an EEZ and have exclusive rights to the natural resources within that zone. This allows the state to manage and protect its resources while also benefiting from their exploitation.