● International Seabed Authority is an intergovernmental body that organizes, regulates and control all mineral (non-living resources) related activities in the international seabed area beyond the limits of national jurisdiction. ● It is headquartered in Jamaica . Hence, Statement 2 is NOT correct. ● Established in 1994 ● It is an organization established by the Law of the Sea Convention ● It functions under the aegis of the United Nations Convention on Law of the Sea (UNCLOS) ● It has an observer status in the United Nations. Hence, Statement 3 is NOT correct.