International waters have no sovereignty, ergo is "Terra nullius" as no state controls it. All states have the freedom of: fishing, navigation, overflight, laying cables and pipelines, as well as research.
Oceans, seas, and waters outside national jurisdiction are also referred to as the high seas or, in Latin, mare liberum (meaning free sea). The Convention on the High Seas, signed in 1958, which has 63 signatories, defined "high seas" to mean "all parts of the sea that are not included in the territorial sea or in the internal waters of a State" and where "no State may validly purport to subject any part of them to its sovereignty." The Convention on the High Seas was used as a foundation for the United Nations Convention on the Law of the Sea, signed in 1982, which recognized Exclusive Economic Zones extending 200 nautical miles from the baseline, where coastal States have sovereign rights to the water column and sea floor as well as the natural resources found there.
The high seas make up 50% of the surface area of the planet and cover over two thirds of the ocean.
The Southern Ocean: Australia claims an exclusive economic zone (EEZ) around its Antarctic territorial claim. Since this claim is only recognised by four other countries, the EEZ claim is also disputed.
Area around Okinotorishima: Japan claims Okinotorishima is an islet and thus they should have an EEZ around it, but some neighboring countries claim it is an atoll and thus should not have an EEZ.
South China Sea: See Territorial disputes in the South China Sea. Some countries consider (at least part of) the South China Sea as international waters, but this viewpoint is not universal. Notably, China, which opposes any suggestion that coastal States could be obliged to share the resources of the exclusive economic zone with other powers that had historically fished there, claims historical rights to the resources of the exclusive economic zones of all other coastal States in the South China Sea.
In addition to formal disputes, the government of Somalia exercises little control de facto over Somali territorial waters. Consequently, much piracy, illegal dumping of waste and fishing without permit has occurred.
Although water is often seen as a source of conflict, recent research suggests that water management can be a source for cooperation between countries. Such cooperation will benefit participating countries by being the catalyst for larger socio-economic development. For instance, the countries of the Senegal River Basin that cooperate through the Organisation pour la Mise en Valeur du Fleuve Sénégal (OMVS) have achieved greater socio-economic development and overcome challenges relating to agriculture and other issues.
^ Including Japan, India, the United States, an arbitral tribunal constituted under Annex VII to the 1982 United Nations Convention on Law of the Sea, and the People's Republic of China, which opposed any suggestion that coastal States could be obliged to share the resources of the exclusive economic zone with other powers that had historically fished in those waters during the Third Conference of the United Nations on the Law of the Seas.