THE UNITED STATES NUCLEAR MERCHANT SHIP PROGRAM FINANCIAL PROTECTION ISSUES IN THE OPERATIONS OF NUCLEAR MERCHANT SHIPS

Financial protection embraces three principal areas: insurance, government indemnity, and limitations of liability. This protection must extend throughout the world following the trades of the nuclear powered merchant marine. Insurance should become available once a commercial venture evolves. Preliminary negotiations for capacity commitment have commenced. Legislation to provide for government indemnity in the United States is in its draft stage. This legislation contains a limitation of liability. The regimes for international control and limitation of liability are ready for ratification in the case of Brussels Convention and as respects the Convention called Safety of Life at Sea (SOLAS). The agreements are in an advanced draft stage. Efforts are being made to develop sufficient maritime interest to consider these arrangements.

  • Supplemental Notes:
    • Paper presented at SNAME (Gulf Section) Spring Meeting and Star Symposium: Merchant & Naval Design, The Past in Review The Future in Forecast, Houston, April 25-28, 1979.
  • Corporate Authors:

    Society of Naval Architects and Marine Engineers

    601 Pavonia Avenue
    Jersey City, NJ  USA  07306-2907
  • Authors:
    • Maynard, E V
  • Publication Date: 1979

Media Info

  • Features: References;
  • Pagination: 11 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00189648
  • Record Type: Publication
  • Source Agency: Society of Naval Architects and Marine Engineers
  • Files: TRIS
  • Created Date: Apr 25 1979 12:00AM