30 CFR § 583.335 - What is the term of the agreement?

---
identifier: "/us/cfr/t30/s583.335"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "30 CFR § 583.335 - What is the term of the agreement?"
title_number: 30
title_name: "Mineral Resources"
section_number: "583.335"
section_name: "What is the term of the agreement?"
chapter_name: "BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR"
subchapter_number: "B"
subchapter_name: "OFFSHORE"
part_number: "583"
part_name: "NEGOTIATED NONCOMPETITIVE AGREEMENTS FOR THE USE OF OUTER CONTINENTAL SHELF SAND, GRAVEL, AND/OR SHELL RESOURCES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "43 U.S.C. 1334."
regulatory_source: "82 FR 45973, Oct. 3, 2017, unless otherwise noted."
cfr_part: "583"
---


# 583.335 What is the term of the agreement?

(a) An agreement will terminate upon one of the following, whichever occurs first:

(1) The agreement expires by its own terms, unless the term is extended prior to expiration under § 583.345;

(2) The project is terminated, as set forth in § 583.350; or

(3) A party to the agreement notifies BOEM, in writing, that sufficient OCS sand, gravel, and/or shell resources, up to the amount authorized in the agreement, have been obtained to complete the project.

(b) Absent extraordinary circumstances, no agreement will be for a term longer than five years from its effective date.