Canada–Newfoundland and Labrador Offshore Area Registration Regulations

12 (1) An interest may be surrendered with respect to all or any portion of the offshore area that is subject to the interest by sending a notice of surrender to the Registrar describing the offshore area in question.

(2) A notice of surrender of an interest in respect of all the offshore area subject to the interest shall be executed by the interest owner or, if the interest owner consists of more than one interest holder, by each holder.

(3) A notice of surrender of an interest in respect of a portion of the offshore area that is subject to the interest shall be executed by the interest owner or by the holder of each share in the interest held in respect of that portion.