North Sea Convenants
Where existing laws are inadequate and making new laws takes too long or may prompt counter-productive resistance, a covenant can provide a solution. Parties enter into a covenant to come to an agreement on intentions, efforts to be made or cooperation.
A covenant is based on consensus about intentions and a shared responsibility. Although the legal basis (or its enforcement) is lacking, the parties can call each other to account on compliance with the agreements. It is of the utmost importance that the wording is a good reflection of the spirit in which the agreements were established.
A Covenant on North Sea policy
A Covenant is active in the implementation of the North Sea Policy: the Covenant North Sea oil and gas reserves and storage of substances. It aims to encourage the exploration and exploitation of marginal fields in the Dutch EEZ.
The Covenant North sea fishing has been completed.