On the basis of the _Principles of this Declaration, an international r6gime applying to the area and its resources and including a~propriate international machinery to give effect to its provisions shall be established by an international treatv of a universal character, generally agreed upon. "The r6gime shall, inter alia, provide for the orderly and safe development and rational management of the area and its resources and for expanding opportunities in the use thereof, and ensure the equitable sharin• by States in the benefits derived therefrom, taking mto particular consideration the interests and needs of the developing countries, whether land-locked or coastal.