Abstract
The basic objective of the Third United Nations Conference on the Law of the Sea is to adopt a comprehensive Law of the Sea Convention. From the records of the long preparatory work of the Conference by the UN Seabed Committee and the discussions at both the Caracas and Geneva sessions of the Conference, it is clear that the final product will be a treaty creating new rules of international law and also updating certain traditional ones. In effect, the comprehensive Law of the Sea Convention is intended to establish a new world order in the ocean space.

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