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India's Nuclear Liability Third Highest in the World

si Team
Wednesday, September 1, 2010
si Team
India’s legal nuclear liability limit is the third highest in the world. At a $439 million limit, it follows the United States at $12,590 million and the Republic of Korea and the United Kingdom, which cap the liability at close to $452 million each.

According to a survey by the Confederation of Indian Industry (CII), China ranks fourth in nuclear liability at $162 million. The findings also reported that Russia did not specify any amount whereas Germany and Japan have an unspecified amount.

The comparative study was carried out on nine parameters: Nuclear liability law, strict liability, channeling of liability exclusively to operator, right of recourse against supplier, operator’s insurance amount, state guarantee/cover, additional state compensation, supplementary amount from international fund and legal liability limit.

India comes third in the operator’s insurance amount too, with a $320 million limit.

U.S. again tops the list with $12,500 million. While Germany is slightly ahead of India at $324 million, UK follows India with $216 million. France has an operator insurance amount of $115.2 million.

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