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Recently India deposited its instrument of ratification of the Convention on Supplementary Compensation for Nuclear Damage (CSC). Consider the following statements in this regard:

  1. It is a bilateral agreement between India and USA as a part of India’s commitment made to US for acquiring membership of NSG.
  2. It aims at increasing the amount of compensation available in the event of a nuclear incident through public funds.
  3. International Atomic Energy Agency (IAEA) is the depositary of the Convention.

Which of the above statements is/are correct?


  1. 1 only

  2. 1 and 3 only

  3. 2 and 3 only

  4. All of these


Solution

The correct option is C

2 and 3 only


India had signed the Convention on Supplementary Compensation (CSC) in 2010.

Recently, India has submitted the Instrument of Ratification of the Convention to the International Atomic Energy Agency (IAEA), the depositary of the said Convention

ABOUT CSC:

It is an important multilateral treaty relating to liability and compensation for damage caused by a nuclear incident.

  1. The CSC was adopted on 12 September 1997, together with the Protocol to Amend the Vienna Convention on Civil Liability for Nuclear Damage, and entered into force on 15 April 2015.
  2. It aims at increasing the amount of compensation available in the event of a nuclear incident through public funds to be made available by the Contracting Parties on the basis of their installed nuclear capacity and UN rate of assessment.
  3. The CSC is a free standing international nuclear liability regime supplementing/complementing two other international nuclear liability regimes – the Vienna Convention on Civil Liability for Nuclear Damage (Vienna Convention), and the Paris Convention on Third Party Liability in the Field of Nuclear Energy (Paris Convention). 
  4. It also sets parameters on a nuclear operator’s financial liability, time limits governing possible legal action, requires that nuclear operators maintain insurance or other financial security measures and provides for a single competent court to hear claims.

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