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[en] In the past South African Regulators did not stipulate the levels of insurance required by nuclear operators but required only that they carry adequate security. Over the last few years the South African legislators have given serious consideration to the Vienna Convention on Civil Liability for Nuclear Damage and the Paris Convention on Third Party Liability in the Field of Nuclear Energy, but decided against being signatories to such conventions. Instead, the conventions were used as a guideline as to specific requirements for local operators. Regulations have been drafted setting out specific limits of cover dependant on the type of licence held by local operators. Due to the fact that local liabilities will arise in local currencies the required limits of Insurance were converted from equivalent foreign amounts into Rands. Due to some extreme currency fluctuations this has resulted in the setting of very high Rand limits, placing both the operators and insurers in an uncertain and very difficult position with regards to accumulation adequate capacity. This paper aims at explaining the revisions that are being considered which if implemented will address insurers and operators concerns regarding available capacity the impossibility of compliance with current limits.(author)
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Pevec, D.; Debrecin, N. (eds.); Croatian Nuclear Society, Zagreb (Croatia); International Atomic Energy Agency, Vienna (Austria); European Nuclear Society, Brussels (Belgium); 996 p; ISBN 953-96132-8-0;
; 2004; [3 p.]; 5. International Conference: Nuclear Option in Countries with Small and Medium Electricity Grids; Dubrovnik (Croatia); 16-20 May 2004; Available E-mail: caroline@saia.co.za

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