ABSTRACT
This chapter aims to establish minimum standards to provide financial protection against damage resulting from peaceful uses of nuclear energy. The main objective of the Convention is to define additional amounts to be provided through contributions by States Parties on the basis of installed nuclear capacity and UN rate of assessment. It is an instrument to which all states may adhere regardless of whether they are parties to any existing nuclear liability conventions or have nuclear installations on their territories. The operator of a nuclear installation shall be liable for nuclear damage on provision of proof that such damage was caused by an incident within the installation, or involving nuclear material originating there from or being sent thereto. The principal benefit for all countries participating in the Convention is the right of their nationals to claim compensation in case of nuclear damage caused by installations situated in the territory of a Contracting Party.
