Third Party Liability Insurance for Space Activities: International Law Aspects
https://doi.org/10.24833/0869-0049-2012-2-105-116
Abstract
The development of space activities provides for economic growth, scientific, technical and social development, strengthening of the defensive power. A developed insurance system protects space operators against financial consequences of a possible damage.
States are obliged to compensate any damage to third parties caused by national space activities under the 1967 Outer Space Treaty and the 1972 Liability Convention. To ensure performance of the obligation specific insurance mechanisms were implemented in national space laws. This article analyses regulatory insurance regimes and provides an insight into the current state and perspectives of Russian space law covering third party liability insurance.
About the Authors
G. P. Zhukov
People’s Friendship University
Russian Federation
Russian Federation
Gennady P. Zhukov - Doctor of laws, Honoured Jurist of Russia, academician of the International Academy of Astronautics, professor of the International Law Department
O. A. Volynskaya
Russian Foreign Trade Academy of the Ministry for Economic Development of Russia
Russian Federation
Russian Federation
Olga A. Volynskaya – post-graduate student of the International Law Department
References
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3. Montpert P. Space Insurance // Contracting for space: contract practice in the European space sector / by L.J.Smith and I.Baumann. – Ashgate Publishing Ltd., 2011. – 428 p.
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Review
For citations:
Zhukov G.P., Volynskaya O.A. Third Party Liability Insurance for Space Activities: International Law Aspects. Moscow Journal of International Law. 2012;(2):105-116. (In Russ.) https://doi.org/10.24833/0869-0049-2012-2-105-116
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