INSURANCE FOR NUCLEAR TRANSPORTS
The advent of Nuclear Propulsion for merchant shipping has not changed the need for traditional insuracne coverages and a through knowledge of their application. This paper devotes considerable attention to these coverages since, in the day to day operation of a Nuclear fleet, the claims handled will be under these policies of insurance. Once the licensing and accords to permit port entry are accomplished the residual problem consists of the accords relating to the handling of legal liability for bodily injury and property damage due to nuclear contamination. The insurance program to transfer these risks of loss will develop in the commercial insurance market. The parameters for International Agreements has been established through the Vienna, Paris and Brussels Conventions. There remain some final agreements as the program evolves. The position of the United States is that it would not be a signatory to the Brussels Convention since the Convention did not exclude from its application nuclear propelled naval vessels. No legislation presently exists in the United States to handle the problems of legal liability for nuclear contamination caused by the merchant marine and no organized insurance market presently exists. Study exercises are presently in being to accomplsih these ends.
- Presented at the Northern California Section Meeting of SNAME.
Society of Naval Architects and Marine Engineers601 Pavonia Avenue
Jersey City, NJ USA 07306-2907
- Maynard, E V
- Publication Date: 1975-12
- Features: References;
- Pagination: 52 p.
- TRT Terms: Hull insurance; Liability; Nuclear powered ships; Safety
- Subject Areas: Administration and Management; Law; Marine Transportation; Safety and Human Factors;
- Accession Number: 00131943
- Record Type: Publication
- Source Agency: Society of Naval Architects and Marine Engineers
- Files: TRIS
- Created Date: May 14 1976 12:00AM