In February 2026, under the offshore mineral enforcement rules, in what form may security be furnished for release of seized property?
Question and options
In February 2026, under the offshore mineral enforcement rules, in what form may security be furnished for release of seized property?
- Cash or a bank guarantee
- A pledge of mining equipment
- An assignment of future royalties
- An undertaking from a chartered accountant
Answer and explanation
Correct answer: A - Cash or a bank guarantee
The offshore mineral enforcement rules notified on 3 February 2026 allow release of seized property on security in cash or through a bank guarantee. They also authorise inspection of mineral stocks, carriers and records.
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