Third Party Liability Insurance for Space Activities: International Law Aspects

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...

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Bibliographic Details
Main Authors: G. P. Zhukov, O. A. Volynskaya
Format: Article
Language:English
Published: Moscow State Institute of International Relations (MGIMO) 2012-06-01
Series:Московский журнал международного права
Subjects:
Online Access:https://www.mjil.ru/jour/article/view/491
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author G. P. Zhukov
O. A. Volynskaya
author_facet G. P. Zhukov
O. A. Volynskaya
author_sort G. P. Zhukov
collection DOAJ
description 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.
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spelling doaj.art-c0a063216eca46f7a39f52b8387ed7da2024-02-29T08:19:27ZengMoscow State Institute of International Relations (MGIMO)Московский журнал международного права0869-00492619-08932012-06-010210511610.24833/0869-0049-2012-2-105-116437Third Party Liability Insurance for Space Activities: International Law AspectsG. P. Zhukov0O. A. Volynskaya1People’s Friendship UniversityRussian Foreign Trade Academy of the Ministry for Economic Development of RussiaThe 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.https://www.mjil.ru/jour/article/view/491liability insurancethird party liabilitylicensingspace activitiesspace law
spellingShingle G. P. Zhukov
O. A. Volynskaya
Third Party Liability Insurance for Space Activities: International Law Aspects
Московский журнал международного права
liability insurance
third party liability
licensing
space activities
space law
title Third Party Liability Insurance for Space Activities: International Law Aspects
title_full Third Party Liability Insurance for Space Activities: International Law Aspects
title_fullStr Third Party Liability Insurance for Space Activities: International Law Aspects
title_full_unstemmed Third Party Liability Insurance for Space Activities: International Law Aspects
title_short Third Party Liability Insurance for Space Activities: International Law Aspects
title_sort third party liability insurance for space activities international law aspects
topic liability insurance
third party liability
licensing
space activities
space law
url https://www.mjil.ru/jour/article/view/491
work_keys_str_mv AT gpzhukov thirdpartyliabilityinsuranceforspaceactivitiesinternationallawaspects
AT oavolynskaya thirdpartyliabilityinsuranceforspaceactivitiesinternationallawaspects