A
A joint-venture agreement between two foreign sovereign states for maritime defense
B
A unified permit granting rights for preliminary exploration followed by commercial mining upon discovery
C
An exclusive fishing license issued for deep-sea trawling beyond the Exclusive Economic Zone
D
A temporary permit valid only for surface water transport within territorial waters
Correct answer: (b) A unified permit granting rights for preliminary exploration followed by commercial mining upon discovery
Explanation
Option B is correct because a Composite Licence is a unified permit granting rights for preliminary exploration followed by commercial mining upon discovery. The other choices incorrectly define the licensing mechanism.
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