The United Nations-sanctioned court, sometimes referred to as the World Court, will decide on which country has authority in overlapping waters off their common border — where lucrative fishing rights and potential oil and gas reserves are at stake.
The issue has even led to military posturing on the part of each country, most recently when new Nicaraguan President Daniel Ortega said his country needs to hold onto Soviet-era anti-aircraft guns and some 1,000 Soviet surface-to-air missiles in the event of an attack by Honduras, which recently received sophisticated new aircraft from the United States to help detect drug smuggling operations.
While the case has raised tensions between Nicaragua and Honduras, the countries have reached an agreement to settle the issue within the international court system, which has the authority to issue binding rulings that cannot be appealed.
According to a Reuters report, Nicaragua filed the complaint in the world court because it believes its maritime border extends to 17 degrees north latitude, which is actually north of not only Nicaragua, but its northern neighbor Honduras. The 17th parallel runs through Belize, Guatemala, and southern Mexico through the port city of Acapulco.
Honduras, on the other hand, said the maritime border is 15 degrees north latitude, close to the land border between the countries.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now