Paris Convention on Third Party Liability in the Field of Nuclear Energy
Encyclopedia
The Paris Convention on Third Party Liability in the Field of Nuclear Energy is an OECD
Convention on liability
and compensation for damage caused by accidents occurring while producing nuclear energy
.
The convention:
The Vienna Convention on Civil Liability for Nuclear Damage
is overseen by the OECD's Nuclear Energy Agency
(NEA).
For an overview of nuclear liability refer to .
Organisation for Economic Co-operation and Development
The Organisation for Economic Co-operation and Development is an international economic organisation of 34 countries founded in 1961 to stimulate economic progress and world trade...
Convention on liability
Public liability
Public liability is part of the law of tort which focuses on civil wrongs. An applicant usually sues the respondent under common law based on negligence and/or damages...
and compensation for damage caused by accidents occurring while producing nuclear energy
Nuclear power
Nuclear power is the use of sustained nuclear fission to generate heat and electricity. Nuclear power plants provide about 6% of the world's energy and 13–14% of the world's electricity, with the U.S., France, and Japan together accounting for about 50% of nuclear generated electricity...
.
The convention:
- Limits liability to a certain amount and limit the period for making claims;
- Require insurance or other surety by operators;
- Channels liability exclusively to the operator of the nuclear installation;
- Impose strict liability on the nuclear operator, regardless of fault, but subject to exceptions.
- Grants exclusive jurisdiction to the courts of one country, normally the country in whose territory the incident occurs
The Vienna Convention on Civil Liability for Nuclear Damage
Vienna Convention on Civil Liability for Nuclear Damage
Vienna Convention on Civil Liability for Nuclear Damage-Background:In September 1997, many of the world's governments took a significant step forward in improving the liability regime for nuclear damage...
is overseen by the OECD's Nuclear Energy Agency
Nuclear Energy Agency
The Nuclear Energy Agency is an intergovernmental multinational agency that is organized under the Organisation for Economic Co-operation and Development...
(NEA).
For an overview of nuclear liability refer to .