Paris Convention on Third Party Liability in the Field of Nuclear Energy
- Paris Convention on Third Party Liability in the Field of Nuclear Energy
The Paris Convention on Third Party Liability in the Field of Nuclear Energy is an OECD Convention on liability and compensation for damage caused by accidents occurring while producing nuclear energy.
The convention:
* Limits liability to a certain amount and limit the period for making claims;
* Require insurance or other surety by operators;
* Channels liability exclusively to the operator of the nuclear installation;
* Impose strict liability on the nuclear operator, regardless of fault, but subject to exceptions.
* Grants exclusive jurisdiction to the courts of one country, normally the country in whose territory the incident occurs
The Vienna convention is guarded by the OECD's NEA.
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