What limits does UNCLOS set for the boundary of a coastal State’s continental shelf?

It may be either 350 nautical miles (nm) from baselines or 100 nm from the 2, 500-metre isobath (a line connecting depths of 2, 500 m), whichever is greater.

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Where a coastal State exercises rights on its continental shelf what rights does it have concerning safety zones?

What are the benefits to a coastal State of establishing the boundaries of the continental shelf?