Section 47:
Security for permit by certain persons.
(1) The Committee may require such applicants to
deposit such amount as security in such form as may be prescribed.
(2) The security amount may be applied by the Committee to reimburse the Government, either
fully or partially, for reasonable costs incurred by the Government in preventing, mitigating or
remedying any adverse environmental impact caused by the permit holder or persons or vessels bound
by conditions of the permit.