LOTS has various meanings in the Business & Finance category. Discover the full forms, definitions, and usage contexts of LOTS in Business & Finance.
In 1984, the United States Convention on the Law of the Sea Treaty went into effect, with the objective of regulating how nations use or safeguard the open sea's resources. With possible disputes over oil and gas, fishing, deep sea mining, and other issues, it might be put to the test in the near future. The current drive by China to construct artificial islands in the South China Sea in order to expand its territorial claims is a flashpoint. The United States is not among the 168 signatories.
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