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Upper production limit


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The upper production limit - for any year of the interim period is the sum of: i) the difference between the nickel consumption trend line values calculated in accordance with subpoint "b" for the year immediately preceding the year of first industrial production, and for the year immediately preceding the start of the interim period; and ii) sixty percent of the difference between the nickel consumption trend line values calculated in accordance with subpoint "b" for the year to which the production permit applies, and for the year immediately preceding the year of first industrial production1.

  1. United Nations Convention on the Law of the Sea, as amended on 1997-12-01, art. 151. ↩

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