Nuclear operator liability amounts and financial security limits (Last updated: July 2014)
Description
This table aims to gather information on the amounts available to compensate potential victims of a nuclear incident in countries and economies having nuclear power plants and/or having ratified at least one of the international conventions on nuclear third party liability. In the table: - First tier corresponds to the liability amount imposed on the operator ('Operator's Liability Amount'). - Second tier corresponds to the amounts provided from public funds beyond the Operator's Liability Amount, to be made available by the State in whose territory the nuclear installation of the liable operator is situated ('Additional State Compensation'). - Third tier corresponds to public funds contributed jointly by all the States parties to the BSC or CSC according to a pre-determined formula ['Additional Compensation (International Arrangements)']. Please note that under Article V, subparagraph 1 of the Vienna Convention, 'The liability of the operator may be limited by the Installation State to not less than US $5 million for any one nuclear incident'. Subparagraph 3 of the same article further provides that 'The United States dollar referred to in this Convention is a unit of account equivalent to the value of the United States dollar in terms of gold on 29 April 1963, that is to say US $35 per one troy ounce of fine gold.' Therefore, in this table (1963: USD 5 million) means that a country applies the Operator's Liability Amount as provided under the Vienna Convention. SDR is a unit of account used by the International Monetary Fund and is based upon a basket of weighted currencies. The latest exchange rates of SDRs per currency units are available at http://www.imf.org/external/np/fin/data/rms_five.aspx
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Additional details
Publishing Information
- Imprint Pagination
- 19 p.
- Report number
- NEA-Nuclear-Operators--2014-07
INIS
- Country of Publication
- Nuclear Energy Agency of the OECD (NEA)
- Country of Input or Organization
- Nuclear Energy Agency of the OECD (NEA)
- INIS RN
- 49034470
- Subject category
- S99: GENERAL AND MISCELLANEOUS; S22: GENERAL STUDIES OF NUCLEAR REACTORS;
- Resource subtype / Literary indicator
- Numerical Data
- Descriptors DEI
- ACCIDENT INSURANCE; AMENDMENTS; BCSTPC; CIVIL LIABILITY; CSCND; FINANCIAL DATA; FINANCIAL SECURITY; LEGAL ASPECTS; NUCLEAR FACILITIES; NUCLEAR INSURANCE; NUCLEAR OPERATORS; PCOTPL; RISK ASSESSMENT; VCOCLND; VICTIMS COMPENSATION
- Descriptors DEC
- AGREEMENTS; DATA; INFORMATION; INSURANCE; INTERNATIONAL AGREEMENTS; LIABILITIES; MULTILATERAL AGREEMENTS; NUMERICAL DATA