The Instrument of Ratification of the Convention on Supplementary Compensation for Nuclear Damage, 1997 has been submitted by India to the International Atomic Energy Agency (IAEA), marking an important measure in addressing matters related to civil nuclear liabilities.
- The instrument was handed over by Indian Ambassador to Austria and Permanent Representative of India to IAEA Rajiva Misra to Acting Director General of IAEA, Juan Carlos Lentijo.
- This ratification will come into force after 90 days, i.e. May 4, 2016.
The Instrument of Ratification will not only clear the way for India’s nuclear commerce with international economies but also make a contribution in strengthening the global nuclear liability regime.
About Convention on Supplementary Compensation for Nuclear Damage (CSC)
Established in September 1977, CSC intents on uniform global legal regime for compensation to victims in the unlikely event of a nuclear accident.
- It has been framed on the lines of Vienna Convention on Civil Liability for Nuclear Damage (1963) and Paris Convention on Third Party Liability in the Field of Nuclear Energy (1960).
- It can enter into force after ratification by at least 5 countries having minimum of 400,000 units of installed nuclear capacity.
- It encourages regional and global co-operation to promote a higher level of nuclear safety in accordance with the principles of international partnership and solidarity.
India had signed it in 2010 for delivering its commitments for stemming the landmark 2005 nuclear agreement with the United States.