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shall continue in effect, and, to the extent possible under the 
international agreement, the United States shall exercise its 
rights and responsibilities under the agreement to msure such 
continuation. 
“INVESTMENT GUARANTY 
“Suro. 13. To the extent that an international agreement, 
binding upon the United States, shall differ from the require- 
ments of this Act, the United States shall be responsible for 
complying with all fees and other payments required under 
the regime and shall provide the licensee with compensation 
in an effectively realizable form representing the value of 
the investment taken or impaired by virtue of the differ- 
ing requirements: Provided, That the liability for fees and 
payments under the international regime shall commence 
January 1, 1976: Provided further, That the lability for 
compensation shall, until after an authorization for commer- 
cial recovery has been granted, be limited to compensation 
in relation to equipment and facilities utilized for exploration 
purposes at a licensed block: And provided further, That the 
Secretary of Commerce shall determine in the first instance 
the amount owing on the claims for compensation under 
this section. 
“INVESTMENT INSURANCE 
“Src. 14. On annual payment by any licensee of a pre- 
nium to be determined by the Secretary of Commerce, utiliz- 
